New ownership for Westbank Shopping Centre

Dylan McCullough | January 12, 2018 in Real Estate

Local Community Advertising

West Kelowna’s Westbank Shopping Centre officially has a new owner.

A deal that has been in the works for close to a year finally closed today on the mall’s 74,000 square feet of leasable space.

Photo Credit: Contributed.

The mall’s new owner is the Kandola family, also owner of the City Furniture and Appliance store adjacent to the shopping centre.

Bill Raine of Coldwell Banker Horizon Realty closed the deal on the shopping centre, which was the first major building project on Westbank First Nation land.

Originally from Prince George, the Kandola family recently relocated to the Central Okanagan, where Ray Kandola is one of the directors for the Greater Westside Board of Trade.

“It’s great to see local ownership for this Westside landmark” said Raine of Coldwell Banker Horizon Realty in a media  release. “What is interesting, when we began the buying process early in 2017, there were a significant number of vacancies. Now we are nearing 100% occupancy with new tenants moving into the centre.”

According to a media release, the Ray Kandola is well known as a tireless worker for multiple charity organizations.

The Westbank Shopping Centre first opened in 1996 and is now anchored by Landmark Theaters, Lammle’s Western Wear, Liquor Depot, White Spot and TD Canada Trust.

Local Community Advertising

Trending Stories

This obituary has gone viral for its devastating honesty about drug addiction

Photographer hopes to find couple from stunning proposal photo at national park

VIDEO: Drone footage shows off the beauty of fall in Kelowna

You can fly to Cabo, Cancun or Puerto Vallarta for under $550 this winter

This abandoned sanitarium in B.C. has been turned into a terrifying escape room

Trio of winning Lotto Max tickets sold on Vancouver Island

Humane Society successfully adopts out 3 bonded St. Bernards

Girl Guide sets up outside cannabis store and sells out in less than an hour

Calgary Couple found guilty in 2013 death of toddler son

Discount airline "Swoop" forced to cancel flights to the US