[Tsawwassen, BC, Canada May 23,2025] – Central Walk Canada Group today announced that it has entered into a definitive agreement to acquire 28 Hudson’s Bay store locations in British Columbia, Alberta, and Ontario. Pursuit of this milestone transaction underscores the group’s deep commitment to the Canadian retail industry and represents a significant achievement in its ongoing strategic expansion. Completion of the transaction is subject to applicable landlord consents
and/or court approval and other term and conditions contained in the agreement.
Under the leadership of Ms. Ruby Liu, Chairwoman of Central Walk, the store locations will be transformed into modern department stores, bridging the gap between generations, providing immersive shopping experiences, and becoming a destination where all age groups thrive together.
Employment opportunities will be prioritized for former employees of Hudson’s Bay in Central Walk’s hiring process. This initiative reflects our commitment to supporting individuals and families and contributing to local communities. In addition, priority will also be given to suppliers and vendors who previously partnered with Hudson’s Bay, as we aim to preserve trusted relationships and maintain business continuity wherever possible.
The Company released the following statement from Ms. Ruby Liu, Chairwoman of Central Walk.
“Central Walk Canada is planning to conduct a series of transformative initiatives aimed at fostering intergenerational connections, promoting active lifestyles, and empowering youth through meaningful engagement as part of this transaction.”
“We are evolving to serve Canadians better. We believe every Canadian family deserves a brighter future. Join us in this journey of growth and connection. Together, we can build a more vibrant, caring, and forward-thinking multiculturalist community.”
Central Walk was founded in 1994 and is a global commercial real estate company specializing in the acquisition, development, and management of large-scale retail properties. With a strong business foundation in Southeast Asia, the company has expanded its operations to Canada, aiming to transform traditional shopping centers into inclusive, multifunctional community hubs. The company’s mission emphasizes community engagement and the creation of diverse shopping environments that serve families and integrate retail, dining, entertainment, and cultural experiences.
Ms. Ruby Liu, Board Chairwoman of Central Walk, has been a key figure in the company’s expansion into the Canadian market. Since arriving in British Columbia in 2014 to establish business operations, Ms. Liu has made significant investments in the local retail market, profoundly impacting the development of commercial real estate in the province.
In British Columbia, Central Walk owns and operates several prominent commercial projects:
Tsawwassen Mills
Located in the city of Delta on First Nations reserve land, this retail destination covers approximately 1.2 million square feet and hosts over 200 retailers.
Woodgrove Centre
Situated in Nanaimo, the largest shopping center on Vancouver Island, Woodgrove features more than 150 stores.
Mayfair Shopping Centre
Positioned in Victoria along a major transit corridor, this fashion focused retail hub enjoys a prime downtown-adjacent location.
Arbutus Ridge Golf Club
Nestled in Cobble Hill within Canada’s second-largest wine region, this golf club has been a cherished destination for locals and visitors for over 25 years.
For media inquiries, please contact:
Linda Qin, MBA, CEO
Central Walk Group (Canada)
Email: [email protected]
Tel: 604-782-6160
