Big Changes are coming

Last updated: Oct 1, 2025

Rockwood Mall Changes Hands: What the $90 Million Sale Means for Our Community

After years of speculation, the future of Rockwood Mall is becoming clearer. The long-standing shopping centre at Dixie and Burnhamthorpe has officially been sold to BGO for an estimated $90 million.

The deal represents a major step for one of Mississauga’s most well-known retail hubs, and it raises questions about what comes next for both shoppers and the surrounding community.

Who is BGO?

BGO, short for Bentall Green Oak, is an international investment and real estate management company. The firm purchased Rockwood Mall on behalf of its Prime Canadian Property Strategy, a fund with more than 40 years of experience in delivering steady, low-risk returns for institutional investors like pension funds.

For residents, this means Rockwood Mall is now backed by a group with deep resources and long-term vision. Their stated goal is to improve the plaza’s performance through capital upgrades, better tenant engagement, and strategic leasing. In other words, they want to make the mall more attractive for both businesses and shoppers.

What Changes Could We See?

According to BGO, there are opportunities to “reposition” parts of the centre and bring in new tenancies. While no specific retailers have been announced, this could mean a refreshed mix of shops, services, and dining options.  Those who have lived in Rockwood for many years will recall that Eaton’s was the original anchor store.

Capital improvements including upgrades to the building, parking, and public spaces are also on the horizon. Councillor Fonseca has been in discussions to ensure that removal of the trailers and trucks currently in the parking lot are a priority. These investments would not only enhance the shopping experience but also help ensure that Rockwood remains competitive with other retail centres across Mississauga.

Long-Term Redevelopment Potential

While the immediate plan focuses on improvements, the sale does raise the question of long-term redevelopment. Rockwood Mall occupies nearly 24 acres of land in central Mississauga, a location with favorable zoning that makes it a prime candidate for future intensification.

In fact, City Council’s 2020 approval of the “Reimagine the Mall” (LINK) plan paved the way for higher density and mixed-use redevelopment of mall sites across the city. This could mean more housing, public spaces, and community amenities added to what is now primarily a retail property. 

However, BGO has signaled that major redevelopment is unlikely for at least 10 years. That gives the community time to prepare for potential changes while continuing to enjoy Rockwood Mall in its current form.

Why This Matters to Our Neighbourhood

For many local residents, Rockwood Mall is more than just a shopping centre. It’s a place to gather, grab a coffee, pick up groceries, and run into neighbours. With new ownership, there is hope that the mall can be revitalized in ways that strengthen its role as a community hub.

At the same time, the possibility of long-term redevelopment will spark important conversations about the future of our neighbourhood particularly around housing, traffic, and maintaining a balance between retail and residential needs.

What’s Next?

For now, the focus will be on strengthening Rockwood Mall as a retail and community destination. Shoppers may begin to notice updates over the next few years as BGO rolls out its improvement strategy.

As always, the Rockwood community will be watching closely. This is not just a real estate transaction; it’s the start of a new chapter in the story of our neighborhood’s most recognizable landmark.