Name

Northwest Properties

Legal name

Northwest Realty Inc.

Website

https://nwproperties.ca

Company type

Private

Founded year

1968

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commercial Real Estate (Retail Property Development and Management)

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Lessors of Nonresidential Buildings (except Miniwarehouses) (53112), Lessors of Real Estate (5311)

SIC

Lessors Of Real Property, Nec (6519), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Commercial real estate development
• Retail property leasing
• Shopping centre management
• Mixed-use development
• Property management services

Headquarters

HQ city

Burnaby

HQ country

Canada

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Commercial Property Leasing: Revenue generated from leasing retail, office, and mixed-use spaces to tenants across their property portfolio including shopping centres, strip centres, and office buildings.
2. Property Management Services: Fees earned from managing their owned and co-owned properties, including tenant relations, maintenance, and operational services.
3. Development Management Services: Third-party development management fees for projects such as the Horseshoe Bay Mixed Use Development where Northwest Properties acts as development manager.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Northwest Properties is a vertically integrated commercial real estate company that develops, owns, and manages retail shopping centres, strip centres, and mixed-use properties across British Columbia and Alberta. The company leases space in its 10 owned/co-owned properties (over 1.25 million sq ft) to national and regional retail tenants, restaurants, and financial institutions, and provides third-party development management services for projects such as Horseshoe Bay Mixed-Use Development. Revenue is generated through long-term lease agreements, property management fees, and development management fees.

Product overview

Northwest Properties is a commercial real estate company operating as a unified platform combining three core functions: real estate developer, long-term property owner, and property manager. The company specializes in shopping centres, office buildings, and mixed-use developments across the Pacific Northwest (British Columbia and Alberta). Their portfolio of eleven properties includes ten retail properties comprising over 1.25 million square feet: Country Club Centre, Discovery Harbour Centre, Discovery Crescent, Columbia Place, Columbia Square, Coronation Centre, Pacific Rim Shopping Centre, North Gate Mall, North Gate Place, and Save-On-Foods Plaza. Additionally, they manage Horseshoe Bay Mixed-Use Development as a third-party development manager. The company maintains in-house expertise across development, leasing, construction, and property management.

Differentiator

Problem solved

Functional benefit

Products and services

• Country Club Centre A hybrid shopping centre in Nanaimo, BC consisting of a super convenience centre, open-air power centre, and enclosed community centre with over 50 stores and services. Co-owned with Great West Life.
• Discovery Harbour Centre The principal regional shopping centre in Campbell River, BC, featuring Canadian Tire, Real Canadian Superstore, Winners, JYSK, Staples, and 17,000 sq. ft. of waterfront office space. Co-owned with Wei Wai Kum First Nation.
• Discovery Crescent An open format strip centre in Campbell River, BC across from Discovery Harbour Centre, featuring restaurants including White Spot, Boston Pizza, Tim Horton's, and Wendy's. Development opportunities exist for two additional buildings. Co-owned with Wei Wai Kum.
• Columbia Place A shopping centre next to the Trans Canada Highway in Kamloops, BC featuring Save-On-Foods, BC Signature Liquor Store, Shoppers Drug Mart, Earl's Restaurant, A&W, Interior Savings Credit Union, and Royal Bank. Co-owned with KM 8 Canada Holding Ltd.
• Columbia Square An open community shopping centre in Kamloops, BC next to the Trans Canada Highway featuring Nature's Fare Market, TD Canada Trust, Boston Pizza, and McDonald's. Fully leased. Co-owned with KM 8 Canada Holding Ltd.
• Coronation Centre A retail centre in Duncan, BC on the Trans Canada Highway featuring nine shops including Shoppers Drug Mart, TD Bank, and Burger King. Wholly owned by Northwest Properties.
• Pacific Rim Shopping Centre A community shopping centre centrally located off the Alberni Highway in Port Alberni, BC featuring Staples, Lordco, Dollarama, CIBC, and Canada Post. Shadow anchors include No Frills and Walmart.
• North Gate Mall A shopping centre in Fort St. John, BC with recent renovations for Shoppers Drug Mart and Save-On-Foods anchors. Located in BC's Peace River oil and gas region.
• North Gate Place An open office/retail centre in downtown Fort St. John, BC anchored by Bank of Montreal, BC Liquor Store, and BC Cannabis Store.
• Save-On-Foods Plaza An open neighbourhood shopping centre in Fort McMurray, Alberta featuring Save-On-Foods, Outpost Wine, Starbucks Coffee, and Original Joe's Restaurant. Fully leased.
• Horseshoe Bay Mixed-Use Development A mixed-use development in West Vancouver, BC in the development permit application stage featuring a boutique hotel with retail and dining experiences. Northwest Properties serves as third-party development manager for KM 8 Canada Holding Ltd.
• Triple Skill Set Services (Development, Ownership, Property Management) Integrated real estate development, long-term ownership, and property management services delivered by Northwest Properties. The company develops shopping centres, office buildings, and mixed-use projects while owning and managing the properties for the long term, including third-party development management for joint venture partners.

Quantifiable outcome

• Shopping centres produce above average sales performance
• +2 more outcomes

Named customers31 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Great West LifecoreStrategic or Co-development Partner · 1 January 2004Great West Life is co-owner of Country Club Centre in Nanaimo, BC. The property was acquired in 2004 and features over 50 stores and services.
• KM 8 Canada Holding Ltd.coreStrategic or Co-development PartnerKM 8 Canada Holding Ltd. is a real estate investment company with 30 years of experience in the British Columbia market. They are the owner and partner with Northwest Properties on the Horseshoe Bay Mixed Use Development, where Northwest Properties acts as third-party development manager. They are also co-owners of Columbia Place and Columbia Square in Kamloops, BC.
• Wei Wai Kum First NationcoreStrategic or Co-development PartnerWei Wai Kum First Nation is co-owner of Discovery Harbour Centre in Campbell River, BC, the principal shopping centre in the city. The partnership represents a collaborative relationship with an Indigenous nation for retail property ownership.
• Wei Wai KumcoreStrategic or Co-development PartnerWei Wai Kum is co-owner of Discovery Crescent in Campbell River, BC, a strip centre across from Discovery Harbour Centre.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SmartCentres REIT: Canadian retail REIT anchored by Walmart and major retailers, owning unenclosed shopping centres across Canada. Comparable in scale, category focus, and direct-leasing approach to national retail tenants.
• First Capital REIT: Canadian retail-focused REIT with a portfolio of grocery-anchored shopping centres and mixed-use properties. Similar tenant mix (Save-On-Foods, Shoppers Drug Mart) and ownership/leasing model in the same Canadian retail real estate category.
• Crombie REIT: Canadian retail REIT with grocery-anchored properties across Canada, supported by Empire Company (Sobeys) strategic relationship. Highly comparable in tenant base and shopping centre ownership strategy.
• Morguard REIT: Canadian diversified REIT with retail, office, and mixed-use properties including shopping centres. Comparable owner-operator model with retail concentration, though broader in office exposure.
• RioCan REIT: Canada's largest retail REIT, owning and operating shopping centres with major anchor tenants across the country. Directly comparable business model of long-term ownership and management of grocery- and retail-anchored properties serving national chains.

Regional players

• PCI Developments: BC-based commercial real estate developer and owner focused on mixed-use and retail properties in Metro Vancouver and Western Canada. Comparable in development-and-ownership model and regional focus.
• Shape Properties: BC-based real estate company developing and managing retail and mixed-use properties across Metro Vancouver and Western Canada. Direct regional competitor in shopping centre development and ownership within the same geography.

Broad incumbents

• Anthem Properties: BC-based real estate developer, owner, and operator of mixed-use and retail properties across Western Canada. Operates as a broader incumbent in the same regional market with more diversified product types (office, industrial, residential).
• Bosa Properties: BC-based developer with commercial and residential real estate across Metro Vancouver and Western Canada. Larger and more diversified than Northwest Properties, with broader portfolio including residential and office, but operates in the same regional market.

Others

• Reliance Properties: BC-based commercial real estate owner, developer, and operator with retail and office properties across Metro Vancouver and Western Canada. Operates in the same regional market and shares British Columbia developer/owner-operator profile, though more office-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/northwest-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Northwest Properties