Major investment at Carrefour Laval



    Cadillac Fairview announces a $52M investment to revitalize Carrefour
    Laval and its food court

    LAVAL, QC, Sept. 17 /CNW Telbec/ - Carrefour Laval customers will soon
enjoy a more modern, high-design environment that will bring elegance and
luxury to the shopping experience! Today, Cadillac Fairview announced a $52M
investment to revitalize one of its flagship properties in North America. The
renovation project, starting this week and scheduled for completion by fall
2009, will be executed in two phases: the first will relocate and renew the
food court with the addition of new retailers, and the second will focus on
harmonizing the common areas with the garden court inaugurated in 2002.
    "The design, inspired by the urban trend seen in shopping centres of
leading international cities, was developed by Cadillac Fairview's architects
and will be executed by local entrepreneurs," says Manon Parisien,
Vice-President, Eastern Canada Portfolio for the Cadillac Fairview
Corporation. "We are always on a quest for innovative approaches to offer
consumers a place where fashion, good taste and quality of life converge."
    The two existing food courts will be merged into a modern courtyard open
to the outside through generous skylight panels to create the feeling of a
contemporary market square. The new food court, scheduled to open in the fall
of 2009, will seat 1,200 people, almost 25% more than today, and will also
include a trendy bistro.
    Sophisticated and urban are the words that describe the expanded food
court, which will feature conventional offerings as well as more refined,
health-conscious and cosmopolitan alternatives. With sushi, "fusion cuisine"
and distinctive menus, customers will have a wide variety of meal options to
choose from.
    In the spirit of a vibrant public market, the new courtyard will also
delight epicurean customers with gourmet treats such as hand-made chocolates,
fine pastries, freshly baked breads-and-Italian-ice-cream. Phase I - the
relocation of the food courts - will begin this week and will be completed by
fall 2009. Phase II - the complete renovation of Carrefour Laval - is
scheduled to begin in the spring of 2009 and will be terminated by the fall.
The second phase includes mall enhancements and upgraded amenities such as new
flooring, ceilings, lighting and soft seating areas. What's more, the
construction schedule has been planned to minimize inconvenience for
customers.

    Carrefour Laval

    Officially opened in March 1974, Carrefour Laval, whose gross leasable
area now exceeds 1.3 million square feet, features more than 300 stores and
services - among them Sears, The Bay, La Maison Simons, Rona and Les Ailes de
la Mode. Close to 12 million people visit Carrefour Laval each year.
    Carrefour Laval, along with Fairview Pointe Claire, Promenades St-Bruno
and Galeries d'Anjou comprise the "Montreal Fashion Centres". With over
925 stores, the Fashion Centres form a powerful network within the retail
industry.

    The Cadillac Fairview Corporation Limited

    Carrefour Laval is owned and operated by the Cadillac Fairview
Corporation Limited, one of North America's largest investors, owners and
managers of commercial real estate. For more than 50 years, Cadillac Fairview
has been leading the way in commercial real estate with innovative design,
development and management. With an international portfolio valued at more
than $16 billion, Cadillac Fairview and its affiliates currently own and
manage 83 properties across North America, including some of Canada's landmark
developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific
Centre and the Montreal Fashion Centres.
    Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan,
which invests to secure the retirement income of 300,000 active and retired
teachers in Ontario.
    For more information, please visit the Cadillac Fairview website at
www.cadillacfairview.com




For further information:

For further information: Marilyne Levesque, Optimum Public Relations,
(514) 985-8204, marilyne.levesque@cossette.com


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