December 18, 2017; Liverpool, NS: Approximately two acres of land located adjacent to Queens Place Emera Centre in Liverpool, NS has been sold to the Canadian development company, Plaza Retail REIT. The purchase and sale agreement between our two organizations has closed successfully, with the terms of the agreement being met; the due diligence period concluded and payment for the 84,100 square foot parcel of land located at Queens Crossing has been received.
Region of Queens Municipality’s Council approved a motion on May 9, 2017 to enter into a purchase and sale agreement with Plaza Retail REIT for the lands, for unnamed retail development. It is expected that Plaza Retail REIT will make an announcement in the coming months regarding the business(es) that will locate on the lands.
The Queens Crossing development area is highly visible from highway 103, and has been marketed with a long term vision of new commercial development being established in the area, which would contribute to the economic prosperity of the Region of Queens Municipality.