CrossIron Mills, Alberta's newest shopping destination, opens its doors


    
    Alberta's first new enclosed regional shopping centre in more than 20
    years welcomes eager shoppers
    
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<p>ROCKY VIEW, AB, <span class="xn-chron">Aug. 19</span> /CNW/ - Today, Ivanhoe Cambridge celebrated the grand opening of CrossIron Mills, an innovative 1.4 million-square-foot enclosed shopping centre, located just outside of <span class="xn-location">Calgary</span> in <span class="xn-person">Rocky View</span> County. Thousands of enthusiastic shoppers visited the property to get a first glimpse of the much-awaited shopping destination.</p>
<p>CrossIron Mills is the first enclosed regional shopping centre to open in Alberta in more than 20 years and Ivanhoe Cambridge invested close to <span class="xn-money">$500 million</span> in this exciting property. With a prime location along the QEII, Alberta's north-south trade corridor, the centre will attract shoppers of all ages from Alberta and beyond.</p>
<p>"Ivanhoe Cambridge is very proud to be celebrating the opening of CrossIron Mills. The development of this exciting shopping destination is in line with our strategic plan to further enhance the quality of our portfolio by developing world-class shopping centres in select markets," said Kim McInnes, Executive Vice President and Chief Operating Officer of Ivanhoe Cambridge. "The leasing success of CrossIron Mills demonstrates the uniqueness of this concept and the excitement surrounding the centre."</p>
<p>"Ivanhoe Cambridge has a proven track record of developing and managing top-performing, innovative retail and entertainment centres. Building CrossIron Mills from the ground up has allowed us to put our experience and creativity to work," explains <span class="xn-person">John Scott</span>, Vice President, Development with Ivanhoe Cambridge. "We are thrilled to bring the excitement and fun of a Mills destination to Alberta."</p>
<p>Mills shopping destinations are hybrid centres that incorporate the best attributes of regional malls, power centres, outlet centres and entertainment venues into one unique concept. The merchandise mix is segmented into the following six merchandising categories: manufacturer factory outlets, specialty retail outlets, department store outlets, off-price retailers, category dominant stores, and entertainment retailers.</p>
<p>CrossIron Mills boasts many first-in-Alberta and largest-in-Alberta retailers. Anchor tenants include Bass Pro Shops Outdoor World, Pro Hockey Life, La Senza, Forever XXI, Toys "R" Us/Babies "R" Us, Winners, HomeSense, Indigo, The Children's Place, H & M, <span class="xn-person">Tommy Hilfiger</span> Outlet, Laura, and Bed, Bath & Beyond.</p>
<p>CrossIron Mills is Alberta's largest single-level shopping centre. The architecture is innovative and contemporary and reflects Alberta's unique heritage. The design elements celebrate the geographic regions, memorable landmarks and cultural icons of the province. The interior is divided into six themed neighbourhoods: fashion, ranch, resource, fossil and sport. The entertainment neighbourhood, featuring restaurants and a 45,000-square-foot 7-screen SilverCity entertainment complex, will open in 2010.</p>
<p>During construction CrossIron Mills generated 2,500 jobs and upon opening, the centre provides approximately 3,500 full- and part-time jobs. The centre will also add significantly to local annual tax revenues.</p>
<p>The grand opening ceremonies were a celebration of all things Alberta and were hosted by Hockey Night in Canada's Kelly Hrudey. To commemorate the grand opening, Ivanhoe Cambridge donated <span class="xn-money">$10,000</span> to Canadian Sport Centre <span class="xn-location">Calgary</span> which supports Alberta's amateur athletes and coaches.</p>
<p>The week's festivities will feature other prominent Albertans including a special appearance by <span class="xn-person">Jillian Harris</span>, star of ABC's The Bachelorette.</p>
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<p>About CrossIron Mills</p>
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<p>CrossIron Mills is the first new enclosed shopping centre in Alberta in more than 20 years. Located just outside of <span class="xn-location">Calgary</span> in <span class="xn-person">Rocky View</span> County, CrossIron Mills draws shoppers from across Alberta and beyond. This unique shopping and entertainment destination features an exciting mix of brand name retailers, manufacturer outlets and full service restaurants. At 1.4 million square feet in total, the centre will be home to 17 anchors and more than 200 retailers and services - many of them are the first-in-Alberta and the largest-in-Alberta. CrossIron Mills is owned and operated by Ivanhoe Cambridge. For more information, please visit <a href="http://www.crossironmills.com">www.crossironmills.com</a>.</p>
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<p>About Ivanhoe Cambridge</p>
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<p>Ivanhoe Cambridge is a pre-eminent Canadian-based global property owner, manager, developer and investor, focusing on high-quality shopping centres located in urban areas. Beyond its strong Canada-wide presence, the Company is also active in the <span class="xn-location">United States</span>, <span class="xn-location">Brazil</span>, <span class="xn-location">Mexico</span> and <span class="xn-location">Europe</span>, where it owns a number of properties either by itself or through joint ventures with prominent real estate partners. Abroad, Ivanhoe Cambridge also holds interests in several shopping centre development and management companies and maintains offices in <span class="xn-location">Europe</span> and Asia.</p>
<p>Its real estate portfolio consists of more than 49 million square feet (4.6 million square metres) of retail space and includes 80 regional and super-regional shopping centres. As at <span class="xn-chron">December 31, 2008</span>, the market value of Ivanhoe Cambridge's assets reached CAD <span class="xn-money">$14.5 billion</span>.</p>
<p>Headquartered in <span class="xn-location">Montreal</span>, <span class="xn-location">Quebec</span>, <span class="xn-location">Canada</span>, Ivanhoe Cambridge is a principal real estate subsidiary of the Caisse de dépôt et placement du Québec, a leading Canadian institutional fund manager. Amongst its shareholders, the Company also counts four prominent Canadian pension funds. The Company's Internet address is <a href="http://www.ivanhoecambridge.com">www.ivanhoecambridge.com</a>.</p>
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    /NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
    the CNW Photo Network and archived at <a href="http://photos.newswire.ca">http://photos.newswire.ca</a>.
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For further information: For further information: Jill Rutherford, NATIONAL Public Relations, jrutherford@national.ca, Phone: (403) 531-0331, Day of Cell: (403) 466-7406


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