QUEBEC CITY, Nov. 22, 2016 /CNW Telbec/ - Les Galeries de la Capitale, owned by Oxford Properties and Canada Pension Plan Investment Board, is providing an update on its ongoing renovation work, the arrival of new banners in 2016, and those to come in 2017. Les Galeries de la Capitale is continuing its momentum and demonstrating its commitment to maintaining its dominant position on the market as THE go-to destination for shopping, dining, and entertainment in Quebec City.
Coming soon to Les Galeries
The investments made in Les Galeries de la Capitale since its modernization process began have attracted a number of retailers, allowing for a major commercial expansion. Les Galeries de la Capitale is announcing the arrival of beauty staples SEPHORA and MAC, as well as URBAN PLANET, the big box store always on top of the latest trends. In spring 2017, the mall will welcome MEC – Mountain Equipment Co-op, the only location in Quebec City. Until then, the mall will see the arrival of L'OCCITANE, the natural beauty product boutique, and NATURE COLLECTION, the new concept from Fruits & Passion. Work will begin this quarter on the 80,000 sq. ft. future home of SIMONS, which chose Les Galeries de la Capitale to launch its first "new generation" concept: a lab store all about eco-friendliness and equipped with the latest technologies.
Welcome to the new retailers
Since spring 2016, Les Galeries de la Capitale has attracted many new players that are very popular among consumers. BCBGMAXAZRIA, BROWNS, GUESS, and OLD NAVY are some of the new retailers that have made a splash with shopping addicts. And parents are already in love with the children's boutique OKAÏDI. One of the few STARBUCKS RESERVE locations has also opened up in Les Galeries de la Capitale, serving up the most exquisite coffees.
HUDSON'S BAY: A new modern look
The newly renovated ground floor of HUDSON'S BAY features menswear, luggage, and toys as well as a spectacular home department that includes houseware, linens, décor, appliances, and furniture. Additional improvements to the space include open ceilings, polished concrete floors, new escalators, an elevator, and new washrooms. Designed to enhance the shopping experience, the layout is open, flexible, and easy to navigate.
The modernization continues
Work is well underway at Les Galeries de la Capitale. Renovations to the common areas and mall access are ongoing. The outside entrances are not only more modern, but more practical with the addition of new features including heated flooring. Les Galeries de la Capitale is pursuing its green initiatives by installing charging stations for electric vehicles in the parking lot and recycling stations inside the building.
For improved service and customer experience, a new information kiosk has been added in the central court, as well as family rooms and completely redesigned rest areas. The work done since the first phase of redevelopment represents an investment of $140 million.
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 18 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, and São Paulo, CPPIB is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At September 30, 2015, the CPP Fund totaled C$272.9 billion, of which C$34.3 billion represented real estate investments. For more information about CPPIB, please visit www.cppib.com.
SOURCE GALERIES DE LA CAPITALE