The Rise of Henry Zavriyev: A Visionary Developer and Leader Behind Leyad in Montreal

Henry Zavriyev is a name that has been making waves in the real estate development sector, especially in Montreal. As the founder and CEO of Leyad, a leading real estate development firm, Zavriyev has built a reputation for his innovative approach to development and his ability to expand his business in various sectors of the real estate market. This article explores his journey, leadership style, and contributions to the industry, along with the rise of Leyad as one of Montreal’s most influential real estate companies.

Who is Henry Zavriyev?

Henry Zavriyev is the CEO and founder of Leyad, a Montreal-based real estate development company that specializes in retail, industrial, and residential properties. Under his leadership, Leyad has grown significantly, making strategic acquisitions and expanding its presence in multiple regions across Canada. Zavriyev’s vision for real estate development focuses not only on profitability but also on creating spaces that cater to the needs of communities and businesses.

Zavriyev’s professional journey is deeply tied to his background in both real estate and business development. He pursued his studies at Concordia University in Montreal, where he honed the skills and knowledge that would later propel him into the world of real estate. From a young age, Zavriyev showed a passion for business and an entrepreneurial spirit that would lead him to found his own company.

The Birth of Leyad: A Visionary Real Estate Company

Founded in 2016, Leyad is the culmination of Zavriyev’s vision to build a company that could thrive in Canada’s competitive real estate market. The company initially focused on residential properties but quickly expanded into retail and industrial sectors. Leyad’s growth has been driven by its founder’s commitment to excellence and his ability to identify strategic opportunities in the market.

Under Zavriyev’s leadership, Leyad has managed to acquire several high-profile properties. The company’s acquisitions have ranged from shopping malls and office buildings to hotels and industrial complexes. Some of the company’s key acquisitions include the Mega Centre Lebourgneuf in Quebec City and the Ink48 Hotel in New York City’s Hell’s Kitchen, a testament to Zavriyev’s vision for growth both within Canada and internationally.

Key Acquisitions and Developments

Leyad’s business strategy revolves around acquiring undervalued properties and transforming them into profitable real estate assets. Some of the company’s most notable acquisitions include:

1. Mega Centre Lebourgneuf: In 2024, Leyad acquired this retail property in Quebec City for $66.5 million. This acquisition was a significant step for Leyad, expanding its presence in the retail sector and solidifying its standing as a major player in the Canadian real estate market.

2. Ink48 Hotel: Zavriyev’s ambition extends beyond Canada. In December 2024, Leyad, in partnership with Capstone Equities, acquired the Ink48 Hotel in New York City’s Hell’s Kitchen. This acquisition not only broadened Leyad’s reach but also marked a significant milestone in the company’s international expansion.

3. South Hill Mall: Another key acquisition was the South Hill Mall in Prince Albert, Saskatchewan. This retail hub, purchased in December 2024, further demonstrates Leyad’s ability to identify prime properties and turn them into high-value assets.

4. 5655 Rue de Marseille: In early 2024, Zavriyev expanded Leyad’s portfolio in Montreal by acquiring the property at 5655 Rue de Marseille. This property is intended to be transformed into a dynamic space for artists and creators, aligning with Zavriyev’s vision of fostering creativity and community engagement.

These acquisitions are just a few examples of how Leyad has grown under Zavriyev’s leadership. His ability to spot high-potential properties and turn them into thriving business assets has earned him a reputation as a forward-thinking real estate developer.

Business Philosophy and Leadership Style

Henry Zavriyev’s leadership style is characterized by his commitment to innovation, excellence, and community engagement. He believes that real estate development should not only focus on maximizing profits but also on creating spaces that enhance the quality of life for those who use them. This philosophy has been a driving force behind Leyad’s success and growth.

Zavriyev’s hands-on approach to business allows him to maintain a close relationship with the properties and projects that Leyad undertakes. His ability to understand market trends, identify growth opportunities, and make strategic investments has positioned Leyad as a major player in the Canadian real estate market.

Another key aspect of Zavriyev’s leadership is his focus on building a strong team. He understands that successful real estate development is not just about the property but also about the people who work on it. By assembling a team of skilled professionals, Zavriyev has ensured that Leyad operates efficiently and effectively, bringing its vision to life.

Leyad’s Impact on Montreal and Beyond

Leyad’s presence in Montreal has been transformative. The company’s developments have not only reshaped the city’s skyline but have also had a positive impact on local communities. From creating new jobs to providing spaces for businesses to thrive, Leyad has become a key contributor to Montreal’s economic growth.

Zavriyev’s impact is also felt beyond Montreal. His company’s expansion into other regions of Canada, including Quebec City and Saskatchewan, has further solidified Leyad’s position as a leading real estate firm. The acquisition of properties in New York City also demonstrates Zavriyev’s ambition to expand his business internationally, bringing his innovative approach to real estate development to the global stage.

Challenges and Controversies

Like any successful business leader, Henry Zavriyev has faced his share of challenges and controversies. Some tenants and critics have raised concerns about Leyad’s management practices. Complaints about disorganization and inadequate communication have surfaced on social media platforms, with some individuals describing their experiences with Leyad as frustrating.

While such criticisms are a common part of the business world, Zavriyev has continued to focus on growth and expansion, addressing challenges as they arise and working to improve his company’s practices. His ability to navigate such obstacles is a testament to his resilience and commitment to success.

Conclusion

Henry Zavriyev’s journey from a student at Concordia University to the CEO of a successful real estate development company is a remarkable story of entrepreneurship, vision, and perseverance. Under his leadership, Leyad has become one of Montreal’s most influential real estate companies, with a strong presence in retail, industrial, and residential properties. Zavriyev’s commitment to creating spaces that benefit communities and businesses alike has set him apart as a visionary leader in the real estate industry.

As he continues to expand Leyad’s portfolio and influence, Henry Zavriyev is poised to shape the future of real estate development in Canada and beyond. With a focus on innovation, growth, and community, Zavriyev’s legacy is only beginning, and his impact on the industry will be felt for years to come.

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