SURREY, BC, Sept. 22, 2011 /CNW Telbec/ - Guildford Town Centre
(Guildford) a property owned and managed by Ivanhoé Cambridge,
announces the launch of the next phase of its $280-million expansion
and redevelopment project. When construction work is completed at the
end of 2013, the centre's gross leasing area will have increased from
980,000 to 1.2 million square feet, which will make it the largest
regional shopping centre south of the Fraser River.
"In keeping with our strategic plan, we regularly invest in our
properties to increase consumer traffic by drawing on our expertise in
shopping centre management and development. We are committed to
providing a one-of-a-kind shopping experience to customers and ideal
operating environments to retailers," declares Kim McInnes, President,
Global Operations at Ivanhoé Cambridge. "The investment made in
Guildford Town Centre bears witness to the vitality of the market and
to the attraction power of the centre," he adds.
This is one of the largest shopping centre redevelopment projects in
Canada and will greatly contribute to the local economy, creating 4,000
jobs during the construction period and at least 750 new permanent
retail jobs upon completion.
"Guildford Town Centre has been a part of the Surrey community for over
45 years," says Peggy White, General Manager at Guildford Town Centre.
"With the rich history we have shared with our community, we are
extremely excited to be a part of the bright future Surrey has to
offer. Thanks to this project, Guildford will be better positioned than
ever to face the competition and will surely continue to appeal
Once the project is finalized, Guildford will welcome many new-to-market
and fashion retailers, thus enhancing its retail offering.
This major project also includes a newly expanded 965-seat food court, a
refurbished interior, comfortable soft-seating areas and an improved
layout of the centre. Phase I of the project included the expansion of Walmart to accommodate a larger Walmart Supercentre (scheduled to open October 28, 2011) and a new structured parking
Ivanhoé Cambridge is a member of the Canadian Green Building Council,
and is committed to sustainable development and leadership in the
community. "We are striving to position Guildford Town Centre as the
new benchmark in sustainable development for eco-friendly shopping
centres in Canada by our commitment to become LEED® certified," notes
Roman Drohomirecki, Executive Vice President, Western North American,
Portfolio and Portfolio Services. LEED, Leadership in Energy and
Environmental Design, at the Gold level has yet to be given to a
shopping destination in Canada and Ivanhoé Cambridge is striving to
attain that designation for the expansion area.
As Guildford Town Centre begins the next two phases of this massive
redevelopment, it will be open for business as usual. All of the 200
stores and services will welcome shoppers, with additional parking
space being made available immediately.
A presentation centre is also on site, allowing shoppers and members of
the public a sneak peak at the exciting changes and developments as
Guildford evolves into the ultimate shopping destination in British
Columbia's fastest growing municipality.
About Guildford Town Centre
Guildford Town Centre, with its diverse mix of 200 stores, services and
restaurants, is a family focused shopping centre and community leader
supporting activities, groups and causes that matter to Surrey. With a
brand new Walmart Supercentre and a 2-level parkade opening at the end of October 2011, Guildford
Town Centre's redevelopment will continue through 2013 with the
addition of many new stores, a 900-seat food court and a brand new
look. For more information, visit: www.guildfordtowncentre.com.
About Ivanhoé Cambridge
Ivanhoé Cambridge is one of the 10 largest real estate companies in the
world. It is a leading Canadian-based global property owner, manager
and investor, with over CAD$30 billion of assets in the shopping
centre, office and multi-residential sectors in 24 countries as at
December 31, 2010. Headquartered in Montreal, Ivanhoé Cambridge is the
real estate subsidiary of the Caisse de dépôt et placement du Québec,
one of Canada's top institutional fund managers. For more information,
SOURCE IVANHOE CAMBRIDGE - ENGLISH
For further information:
Director, Public Relations
Tel. : 514 847-4171
Cell. : 514 467-1787