Les Galeries de la Capitale invests $52 million for the construction of new Méga Parc

QUEBEC CITY, July 5, 2017 /CNW Telbec/ - Today, Les Galeries de la Capitale announced the construction of a new Méga Parc for $52 million. The popular amusement park people have known and loved for more than 30 years will be fully revamped and transformed into an entertainment zone inspired by the Industrial Era. Construction, slated to begin on September 5, will extend over a period of 18 months during which mall shoppers will have access to a full lineup of temporary entertainment options.

The surreal experience of the new Méga Parc
With the complete Méga Parc overhaul, Les Galeries de la Capitale will deliver a ground-breaking and surreal experience straight out of the Industrial Revolution—through the lens of the fantasy world of Steampunk. Kids of all ages will travel back in time to the turn of the 19th century in an alternate age where technology has evolved in a completely different way. Steam-powered machines, factories, and steel are omnipresent in this retro-futuristic industrial environment. For a sneak peak at the experience today, go to nouveaumegaparc.com.

The new Méga Parc will feature more than eighteen (18) attractions, and most of the existing rides and attractions will be replaced. Those that are kept, including the rollercoaster and merry-go-round, will get a facelift in line with the new theme. The whole family—toddlers, kids, teens, and adults alike—will love the new selection of rides, which range from gentle fun to adrenaline-pumping action.

A first in Canada!
"After taking trips to check out amusement parks around the world, we found some attractions for the new Méga Parc that are anything but ordinary! And we're really excited about them," said Méga Parc manager Jean Pelletier. In addition to boasting the first spokeless Ferris wheel in North America and a freefall ride twice as high as before, Méga Parc will proudly offer the longest indoor skating trail in Canada. The ice skating oval, complete with LED lights and effects, will fit perfectly with the new Méga Parc concept and will maximize space.

State-of-the-art technology, such as an interactive floor, light and sound effects, and a giant screen, will also be incorporated to amp up the fun even more at Méga Parc. In the middle of the park, there will be a stage for shows and a spectacular interactive fountain with water jets and sound and light features. There will be three new rooms set up for kids' birthdays, and the recreational space can be rented out for corporate events. Known as one of the biggest tourist attractions in the Quebec City area, Méga Parc is taking the entertainment market by storm. Moreover, the project is in keeping with the green standards set by Oxford, which spared no effort to ensure the new amusement park was fully energy efficient.

A string of projects at Les Galeries de la Capitale
"Construction of the new Méga Parc is another step in the mall's efforts to update its offering and once again demonstrate its commitment to remaining a dominant player in the market as THE can't-miss destination for shopping, dining, and entertainment in Quebec City," said Stéphan Landry, Director and General Manager of Les Galeries de la Capitale. Since the first phase of development, close to $200 million in investments have been announced for various projects, including building the new Méga Parc, renovating common areas, modernizing the Espace Gourmet dining area, developing the upcoming "next-generation" Simons department store, and bringing in a number of new stores.

Over the past year, high-profile retailers such as Sephora, MEC, Urban Planet, Rinascimento, Soft Moc, and Bijouterie Monaco have opened at the mall, and La Baie got a major facelift. In the coming months, the mall will welcome other new stores, including MAC, Clarks, Jean-Paul Fortin, Michael Kors, and L'Occitane.

Les Galeries de la Capitale offers a wide selection of stores and services, multiple restaurants, the only IMAX cinema in the area, and Méga Parc, the biggest indoor amusement park in Quebec, and the second largest in Canada.

Les Galeries de la Capitale is owned by Oxford properties Group and Canada Pension Plan Investment Board.

About Oxford Properties Group Inc.
Oxford Properties Group is a global platform for real estate investment, development, and management, with approximately 2,000 employees and over $37 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London, and New York, and the company's portfolio includes approximately 56 million square feet of office, retail, industrial, and multi-family and hotel properties. Oxford is the real estate arm of OMERS. For more information please visit www.oxfordproperties.com.

About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPPIB) is a professional investment management organization that invests the funds not needed by the Canada Pension Plan (CPP) to pay current benefits on behalf of 20 million contributors and beneficiaries. In order to build a diversified portfolio of CPP assets, CPPIB invests in public equities, private equities, real estate, infrastructure and fixed income instruments. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, São Paulo and Sydney, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2017, the CPP Fund totalled C$316.7 billion. For more information about CPPIB, please visit www.cppib.com or follow us on LinkedIn or Twitter.

Les Galeries de la Capitale, 5401 boulevard des Galeries, Québec City, QC G2K 1N4, 418 627 5800



For further information: Media relations: TAC TIC MARKETING, Sylvie Beaulieu, 418-658 1761, sylvie@tacticmarketing.ca

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