Avison Young completes lease of Panda Mart’s first Canadian location as global retailer enters North American market

Toronto, Ontario – Global commercial real estate advisor, Avison Young, announces the lease of 120,000 square feet at 768 Warden Avenue in Scarborough – marking Panda Mart’s first entry into the active, exciting North American discount retail market with its’ flagship Canadian location opening on Friday September 26, 2025.

Avison Young’s Semmi Liu was the exclusive advisor and agent for Panda Mart Canada in securing this location.

A global retail supplier of household goods, novelties home décor and furniture that originated in South Africa and has since grown to 40 stores across 12 countries, including Australia, New Zealand, Mexico – and now Canada.

“This Toronto store provides a key entry for Panda Mart into the Canadian market, and Avison Young was honoured to help select this location that will attract customers and remain highly visible for years to come,” said Liu.

Located at 768 Warden Avenue just south of Eglington Avenue, features of this property that make it highly desirable include its’ accessibility to public transit, as well as the nearby Don Valley Parkway and Highway 401, with ample on-site parking for shoppers. This is a thriving, busy mixed-use neighbourhood full of shopping, dining, and residential – making it an ideal spot for Panda Mart to call home.

Retail investment in the Greater Toronto Area is booming, according to Avison Young’s latest report. In Q2, investment volume increased by 73% quarter-over-quarter and 60% year-over-year, as retail continues to demonstrate itself as an attractive, necessity-based asset in turbulent times.