MONTRÉAL, June 7, 2018 /CNW/ - Cadillac Fairview and Ivanhoé Cambridge, co-owners of CF Fairview Pointe Claire, are pleased to officially unveil plans for a major redevelopment to prepare for the arrival of La Maison Simons, as it builds its first store to serve Montréal's West Island. This investment marks another milestone for the property.
"Today's announcement represents an extremely exciting stage in the evolution of CF Fairview Pointe Claire," said Brian Salpeter, Senior Vice President, Development, Cadillac Fairview. "The addition of Simons, one of the premier retailers in Quebec, as well as the anticipated arrival of the new light rail transit station near the shopping centre, will serve as catalysts for the transformation of the property and the adjacent lands into a new, vibrant mixed-use community that will become the city centre for the entire West Island."
"We value our loyal customers in the West Island, so we are pleased that we will be able to better serve them, alongside new customers, with a Simons location in their community," said Peter Simons, Co-owner and President of Simons. "As we continue to grow inside and outside of Quebec, we know that physical locations are a vital part of the retail experience and go hand-in-hand with the growing digital economy."
Simons will move into the former Sears space located at the western end of the property, in 2021. Simons will occupy the second and third floors, with the ground-floor space being reimagined to accommodate enhanced dining options for the centre.
Merchandise mix and amenities
With over 175 stores, the addition of Simons will further solidify CF Fairview Pointe Claire as the leading shopping centre in the West Island, building on its current mix that includes best-in-class retailers Aritzia, Apple, lululemon, H&M, Sports Experts, Zara and Hudson's Bay.
In addition to a compelling mix of retailers, CF Fairview Pointe Claire is committed to providing enhanced services for its guests. The shopping centre has invested in its digital offerings, providing free enhanced WiFi access and CF SHOP! Text, a text-message-based concierge service that provides customers with access to directions, mall info and store suggestions with the click of a button.
Most recently, CF Fairview Pointe Claire introduced its electric vehicle charging program, partnering with FLO, the Canadian leader in charging solutions for electric vehicles, to install three networked electric vehicle chargers. The chargers are connected to the FLO charging network, Canada's largest network and provider of electric charging stations.
About Cadillac Fairview
Cadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America. The Cadillac Fairview portfolio is owned by the Ontario Teachers' Pension Plan, a diversified global investor which administers the pensions of more than 323,000 active and retired school teachers. The real estate portfolio also includes investments in retail, mixed-use and industrial real estate in Brazil, Colombia and Mexico.
Valued at more than $29 Billion, the Canadian portfolio includes over 38 million square feet of leasable space at 67 properties in Canada, including landmark developments, such as Toronto-Dominion Centre, CF Toronto Eaton Centre, CF Pacific Centre, CF Chinook Centre, Tour Deloitte and CF Carrefour Laval.
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.
Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in [more than 1,000 buildings, primarily in the residential, office, retail and logistics real estate sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at December 31, 2017, and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
Simons was founded in 1840 by John Simons as a dry goods store in Quebec City and has since built its reputation on being an accessible and inspired fashion brand. Simons is led by brothers Peter and Richard Simons who carry on the family legacy and the brand's commitment to cultivating creativity, building meaningful relationships with staff, partners and customers, and being mindful of the environment and the communities where they do business.
Simons offers an extensive and fashion-forward collection of its own exclusive and innovative private label brands for men and women, complemented by today's leading labels, discovery brands from around the world and an edited collection of Canadian and international designers, making it well known for its exceptional selection of merchandise for everyone. Simons also carries home fashions for the bedroom, bathroom and kitchen.
All 15 Simons stores are compelling, original environments that inspire customers through fashion, art and architecture. Locations: nine in Quebec (three in Quebec City, including its headquarters in Old Quebec, plus Montreal, Anjou, Laval, St. Bruno, Sherbrooke, Gatineau); two in Edmonton (West Edmonton Mall and Londonderry); West Vancouver, British Columbia; Calgary, Alberta; and Mississauga and Ottawa in Ontario.
SOURCE Cadillac Fairview Corporation Limited
For further information: Amélie Forcier, [email protected], NATIONAL Public Relations, T 514-843-2307, C 514-799-7011