BGO's Prime Canadian Property Strategy adds another high-profile Ontario-based site to portfolio
Global real estate investment manager BGO has acquired Rockwood Plaza, a major retail property in Mississauga, Ontario, expanding its Prime Canadian Property Strategy portfolio with a high-performing grocery-anchored centre.
The Toronto-based company announced Wednesday the purchase of the 300,000+ sq ft property located at 4141 Dixie Road. The acquisition adds a premier retail destination to BGO’s growing Canadian holdings, targeting stable income-producing assets with long-term value potential.
Rockwood Plaza sits at the intersection of Burnhamthorpe and Dixie roads, spanning 23.7 acres with strong connectivity to major transportation corridors. The property benefits from proximity to Highways 401, 403, 427, and the Queen Elizabeth Way, as well as the Dixie GO Station and Mississauga Transitway.
Currently 95% leased, the plaza features Food Basics as its grocery anchor alongside national retailers including Winners, HomeSense, Shoppers Drug Mart, Dollarama, and three major banks. Many tenant relationships extend over two decades, demonstrating the property’s stability and neighbourhood appeal, a news release highlighted.
“This acquisition aligns with Prime’s repositioning strategy, targeting high-quality, income-producing assets with the potential for long-term value creation,” said Simon Holmes, managing partner and chief investment officer for BGO Canada. “Rockwood Plaza not only provides a stable income profile and significant future development optionality given its urban location and favourable zoning, it also showcases the strength of BGO’s vertically integrated platform.”
The majority of key tenants feature exterior entrances, reinforcing the plaza’s open-air convenience for shoppers, the news release noted. BGO plans to implement an active asset management strategy focusing on selective capital improvements, tenant engagement, and strategic leasing to enhance long-term value.
BGO Properties, the company’s in-house property management division, will oversee operations and leasing at Rockwood Plaza. Holmes noted the integrated approach positions BGO “uniquely” to enhance performance and deliver value for investors.
The acquisition reflects BGO’s focus on Canadian retail properties within urban markets. The company serves more than 750 institutional clients globally with approximately US$89 billion in assets under management as of June 30, 2025.
