Terracap first acquired the Brooks Landing Shopping Centre in 2004, during a period of transformation for the property. Originally developed as an interior mall, it faced significant and persistent vacancies that prompted its conversion into an exterior, grocery-anchored retail center. This strategic redevelopment addressed market challenges and positioned the property for long-term success.

Since Terracap's acquisition, the centre has consistently maintained close to 100% occupancy, reflecting both the strength of the management team and the appeal of the location. Brooks Landing is situated in Nanaimo, on Vancouver Island, British Columbia, just one kilometre from the ferry terminal on the main access road. Its strategic location also benefits from proximity to schools, public transportation, and key government buildings.

At the time of purchase, Nanaimo was considered a stagnant, secondary market. However, Terracap anticipated that the economic momentum from the thriving Victoria market would eventually extend to Nanaimo. This foresight, combined with dedicated property management and an improved local economy, has allowed the centre to evolve into a vibrant, full-service shopping destination.

Brooks Landing Shopping Centre now hosts a diverse mix of retail and service-oriented tenants, catering to the needs of the surrounding community. In addition to big-box retailers like Staples and Home Hardware, the centre includes essential services such as Save-On-Foods and The Landing Liquor Store. Other amenities include food and convenience outlets like Tim Hortons, as well as nearby government offices and additional retail options that enhance its appeal.

This dynamic tenant mix and strong location continue to solidify Brooks Landing's reputation as a key shopping destination in Nanaimo. For a comprehensive list of tenants, please click here...