Plaza Retail REIT is investing about $18.2 million in nine retail projects across Canada including four ground-up developments, three redevelopments of former KEYreit properties and two expansions of existing properties.

Plaza expects to add 101,300 square feet to its retail portfolio, with three projects located in Atlantic Canada, two in Quebec, three in Ontario and one in Alberta.

“Upon completion, these properties will further diversify our asset base and allow us to continue to grow our cash flow and deliver reliable and growing distributions to our unitholders.” said Michael Zakuta, president and chief executive officer of Plaza.

Plaza’s intends to develop four of these projects with joint venture partners. The company’s

The company’s current portfolio includes interests in 306 properties totaling approximately 6.6 million square feet across Canada.