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Investors Seek Retail Centres in Emerging Markets With Opportunities To Densify

Retail Investors Favour Secondary Markets Near Toronto

Primaris Real Estate Investment Trust recently acquired Conestoga Mall in Waterloo, Ontario. (CoStar)
Primaris Real Estate Investment Trust recently acquired Conestoga Mall in Waterloo, Ontario. (CoStar)

With retail properties performing well in the Greater Golden Horseshoe, investors bet on two malls in emerging urban centres with plans to densify. The sale of two super regional malls — Conestoga Mall in Waterloo and White Oaks in London, Ontario — signals confidence in outer retail markets near Toronto.

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