Westbank First Nation purchases full interest of Okanagan Lake Shopping Centre – Castanet
Feb 20, 2025
Westbank First Nation has bought out its partners and now owns all of Okanagan Lake Shopping Centre.
The complex, which is located on the south side of Highway 97 not far from Okanagan Lake, has been open since 2012 and features more than 127,000 square feet of leased retail space, including Landmark Cinema, Shoppers Drug Mart and Tim Hortons.
A WFN subsidiary, Ntityix Development Corporation, was a partner in the shopping centre’s operations since its inception with Churchill International Property Corporation and PDG Investments. Now Ntityix is in charge of the entire operation, which it says is worth $45 million.
“It’s a huge step for us,” NDC chief executive officer Mic Werstuik said in a press release. “Westbank First Nation, and the corporation, hasn’t been in a position where they totally, 100 per cent owned a property of this magnitude.”
