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About Brooks Landing Shopping Centre
Terracap first purchased Brooks Landing Shopping Centre in 2004, after it was de-malled and transformed from an interior mall to an exterior grocery anchored retail due to significant and persistent vacancies. The property since being acquired has maintained close to 100% occupancy on a consistent basis.
The centre is located in Nanaimo, on Vancouver Island in British Columbia, 3 kilometres from the ferry terminal on the main access road and close to schools and transportation. Terracap acquired the centre when the Nanaimo market was a stagnant, secondary market, anticipating that the strength of Victoria’s market would soon spill over and result in growth for the area.
Through dedicated management and a significantly improved market, the vacant spaces have been leased out. The centre is now a full-service shopping centre, with a diverse collection of leasing retail and services, surrounded by the Government of British Columbia buildings, big box retailers such as Staples, gas, food and convenience stores such as Tim Hortons.