capital city shopping centre

What capital city shopping centre does

Capital City Shopping Centre Limited is a privately held Canadian real estate corporation, founded in 1961 and headquartered at 110 Yonge Street, Suite 1001, Toronto, Ontario. The company owns and manages a portfolio of approximately 1.9 million square feet of commercial real estate across three Canadian provinces (Alberta, British Columbia, and Ontario) and eight cities, spanning 13 distinct properties. The portfolio is diversified across retail shopping centres (enclosed malls, strip plazas, and free-standing buildings), multi-storey office buildings, medical/professional complexes, and light industrial/flex space. Major anchor and national tenants include Walmart, Safeway, No Frills, Best Buy, Chapters, Scotiabank, Sport Chek, Michaels, Staples, Landmark Cinemas, Mark's Work Wearhouse, Golf Town, Pet Valu, Pharma Plus, Your Independent Grocer, Kelsey's, Bouclair, Home Sense, and World Health, indicating a tenant base drawn from national retail chains, grocery, financial services, entertainment, and healthcare.

The company generates revenue through commercial real estate leasing, with lease terms negotiated directly with tenants via third-party property management firms rather than through any structured pricing or technology platform. Day-to-day property management and leasing activities are outsourced to two core partners: Salthill Property Management Inc. (managing the majority of the portfolio including Westbrook Mall, Aberdeen Village Centre, the Billings Bridge properties, Portland Place, Gaetz Avenue Crossing, Christy's Corner, and The Boulevard Shopping Centre) and Kipling Realty Management (handling Kingspoint Centre and Northland Mall). Marketing and tenant acquisition are conducted primarily through the company's website, which lists properties with location, square footage, and major tenant details.

The business model is asset ownership and capital allocation rather than operating company growth: Capital City does not develop proprietary technology, does not employ a sales force, and discloses no headcount. The stated strategic posture is hold-and-manage with selective expansion through acquisitions and redevelopment. Revenue is recurring rental income from long-term leases, pricing is non-public, and there are no disclosed funding rounds, acquisitions, leadership changes, or product launches in the input data. The company's competitive positioning rests on the locational quality of its assets (TransCanada Highway frontage, LRT-adjacent sites, OC transit-linked properties) and the scale of a 1.9M sq ft multi-province portfolio rather than on technology, brand, or operational differentiation.

Name

capital city shopping centre

Legal name

Capital City Shopping Centre Limited

Website

https://cap-city.ca

Company type

Private

Founded year

1961

Operating status

Operating

Short description

Capital City Shopping Centre Limited is a privately held Canadian real estate corporation, founded in 1961 and headquartered in Toronto, that owns and manages approximately 1.9 million square feet of retail, office, medical, and mixed-use commercial properties across Alberta, British Columbia, and Ontario, leasing space to national retailers, grocers, financial services firms, and medical tenants through third-party property managers.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Commercial Real Estate Leasing: Capital City Shopping Centre Limited generates revenue through leasing office and retail space to tenants. The company owns approximately 1.9 million square feet of commercial real estate across Canada, including shopping centres, office buildings, and mixed-use properties. Tenants include national retailers, medical professionals, and service businesses.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Capital City Shopping Centre Limited owns and manages a portfolio of approximately 1.9 million square feet of office and retail commercial real estate across Canada. The portfolio includes enclosed shopping centres, office towers, community plazas, strip retail, and mixed-use properties located in Alberta, British Columbia, and Ontario. The company generates revenue by leasing space to national retailers, medical professionals, financial institutions, and service businesses.

Product overview

Capital City Shopping Centre Limited operates as a unified real estate portfolio platform consisting of commercial properties across Canada. The company's portfolio includes 13 distinct properties spanning retail shopping centres, office buildings, and mixed-use complexes. Properties include Westbrook Mall (347,001 sq. ft.), Billings Bridge Shopping Centre (341,511 sq. ft.), Billings Bridge Tower (148,047 sq. ft.), Northland Mall (161,715 sq. ft.), Portland Place (149,556 sq. ft.), Gaetz Avenue Crossing (176,766 sq. ft.), Christy's Corner (111,012 sq. ft.), Aberdeen Village Centre (104,051 sq. ft.), The Boulevard Shopping Centre (121,960 sq. ft.), Cliffside Plaza (84,453 sq. ft.), Kingspoint Centre (79,256 sq. ft.), Westbrook Professional Building (52,445 sq. ft.), and 2211 Riverside Drive (18,401 sq. ft.). Properties are managed by third-party property management companies including Salthill Property Management Inc. and Kipling Realty Management. The company is actively seeking to expand its portfolio through acquisitions and development/redevelopment.

Differentiator

Problem solved

Functional benefit

Products and services

• Capital City Shopping Centre Limited Portfolio Diversified portfolio of approximately 1.9 million square feet of office and retail space across Canada, including shopping centres, office buildings, and mixed-use properties leased to commercial tenants.
• Westbrook Professional Building A two-level medical/professional office complex of 52,445 sq. ft. located adjacent to Westbrook Mall in West Calgary, leased to medical and professional tenants.
• Northland Mall A one-storey community shopping centre in London, Ontario of 161,715 sq. ft. GLA located at a busy intersection, anchored by Walmart and No Frills.
• Portland Place Retail showrooms and light industrial/flex space of 149,556 sq. ft. located in the Ogden Industrial Park area of Calgary.
• Gaetz Avenue Crossing A 176,766 sq. ft. retail centre in Red Deer, Alberta along the primary commercial corridor, featuring Michaels, Chapters, and Petland as major tenants.
• Christy's Corner A 111,012 sq. ft. retail centre at the junction of St. Albert Trail NW and 137th Avenue NW serving Edmonton and St. Albert markets, anchored by World Health and Golf Town.
• Aberdeen Village Centre A 104,051 sq. ft. retail centre along the TransCanada Highway at Hillside Drive in Kamloops, British Columbia, featuring Staples, Chapters, and Mark's Work Wearhouse.
• The Boulevard Shopping Centre A 121,960 sq. ft. community shopping and entertainment centre in Southeast Calgary featuring Landmark Cinemas and Chapters.
• Westbrook Mall A 347,001 sq. ft. shopping centre in West Calgary adjacent to Westbrook Station on the West LRT line, featuring Walmart, Safeway, Sport Chek, and Spa Lady.
• Kingspoint Centre Four free-standing retail buildings of 79,256 sq. ft. on King Street North in Waterloo near Conestoga Parkway and the University of Waterloo, leased to Kelsey's, Bouclair, Best Buy, and Home Sense.
• Cliffside Plaza An 84,453 sq. ft. community plaza serving the Scarborough neighbourhood in Toronto, featuring No Frills, Pharma Plus, Pet Valu, and Scotiabank.
• Billings Bridge Shopping Centre A 341,511 sq. ft. enclosed shopping centre in Ottawa directly linked to Billings Bridge Tower and OC transit terminal, anchored by Your Independent Grocer and Walmart.
• Billings Bridge Tower A 148,047 sq. ft. twelve-storey office building in Ottawa directly linked to Billings Bridge Shopping Centre and OC transit terminal.
• 2211 Riverside Drive An 18,401 sq. ft. medical/general office building in Ottawa at Bank Street and Riverside Drive, located in an affluent community.

Named customers27 records

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Kipling Realty ManagementcoreOthersThird-party property management firm handling day-to-day operations and leasing for several Capital City properties including Kingspoint Centre and Northland Mall. Provides property management, tenant relations, and leasing services.
• Salthill Property Management Inc.coreOthersThird-party property management company managing the majority of Capital City properties including Westbrook Mall, Aberdeen Village Centre, Billings Bridge properties, Portland Place, Gaetz Avenue Crossing, Christy's Corner, and The Boulevard Shopping Centre. Handles leasing, property operations, and tenant management.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• RioCan Real Estate Investment Trust: Canada's largest retail REIT with a portfolio of high-quality retail properties across Canada. Directly comparable to Capital City given the shared focus on Canadian retail real estate and national anchor tenants.
• SmartCentres Real Estate Investment Trust: Canadian retail REIT with Walmart as a major anchor tenant across its portfolio. Highly comparable to Capital City given the Walmart-anchored shopping centre strategy at multiple Capital City properties.
• Choice Properties Real Estate Investment Trust: Canada's largest grocery-anchored retail REIT, owned by Loblaw Companies. Comparable to Capital City's grocery and necessity-based retail focus (No Frills, Your Independent Grocer, Safeway).
• Crombie Real Estate Investment Trust: Canadian open-ended REIT focused on grocery-anchored, necessity-based retail properties. Directly comparable on retail focus, grocery anchoring, and Canadian mid-market exposure.
• First Capital Real Estate Investment Trust: Canadian REIT focused on grocery-anchored, necessity-based urban and suburban retail. Comparable to Capital City on retail focus and Canadian geographic diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

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 →

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