Artis REIT has sold Delta Shoppers Mall as part of its asset disposition program, part of a strategy to improve the REIT’s growth profile and strengthen its balance sheet. The property is located at 8037 120 Street, Delta, B.C.

The 74,669 SF retail property sold to a private investor for $34.3 million, which represents a capitalization rate of 5.2% and $460 per SF.

Retail anchors for the shopping centre include: TD Canada Trust, A&B Sound, JYSK Furniture.