Anthem Properties Group Ltd.

Anthem Properties Group Ltd.

November 19, 2008 13:00 ET

Anthem Properties Group Ltd.: Winners and Future Shop to Anchor Snyatan, Okanagan's First Fashion Mall

WESTBANK, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2008) - Anthem Properties, in partnership with Westbank First Nation, is pleased to announce the commitment of Future Shop and Winners as anchor tenants at Snyatan Fashion Centre in Westbank in the Okanagan Valley. "This area has undergone a dramatic transformation in the last three years," says Alexa Ulinder, Anthem's Vice President of Leasing. "Transitioning into a major shopping mecca for residents from Penticton to Vernon, Snyatan Fashion Centre complements the existing offerings in the neighbourhood including Anthem's Governor's Landing on the opposite side of Highway 97."

Prominently situated on 14.6 acres at the intersection of Highway 97 and Butt Road, Snyatan has been designed to encourage shoppers to 'stroll the strip', stopping at one of the cafes along the way to grab a latte. Tenants of the 165,000 sq ft shopping centre will represent a diversified mix of large and small format retailers offering fashion, home and bath decor, children's clothing, footwear, sporting goods, clothing and home electronics. Snyatan is the third retail centre owned by Anthem in Westbank after Westbank Towne Centre and Governor's Landing.

"Anthem enjoys long-standing relationships with both Winners and Future Shop and we are very excited to welcome them to Snyatan as anchor tenants," says Ulinder. "The Butt Road and Highway 97 intersection services over one million square feet of new retail in total. We have in excess of 60,000 vehicles passing our location each day so we have been able to solidify deals with a number of national brand retailers."

"As our partner, Anthem understands our vision to be a self-sustaining, business-oriented community," says Westbank First Nation Chief, Robert Louie, "and this is what this development will help us accomplish. Snyatan is the word in Nsylixcen (Okanagan) language meaning "THE GATHERING PLACE". The Okanagan Valley is one of the fastest growing regions in Canada, and we believe Snyatan will indeed become the destination for fashion shoppers of every age and style."

Anthem Properties is an energetic real estate development, investment and management business dedicated to adding value to retail, industrial and multi-family properties throughout Western North America. Anthem currently owns four shopping centres in the Okanagan Valley including Snyatan Fashion Centre, Governor's Landing, Westbank Towne Centre and Oliver Place Mall.

Westbank First Nation is a self-governed native community that is part of the Okanagan Nation. Comprised of five reserves totaling 5,306 acres, Westbank First Nation actively engages in the economic development of its lands through its Economic Development Commission with the vision to be a healthy, proud business-oriented community which is economically self-sufficient.

Contact Information

  • Anthem Properties
    Sylvia Yung
    Vice President Communications
    (604) 488-3611
    Email: syung@anthemproperties.com
    or
    Westbank First Nation
    Pat Fosbery
    Executive Assistant to Director of Operations
    (250) 769-4999
    Email: pfosbery@wfn.ca