Real estate firms teaming up to build outlet mall at Edmonton airport

A subsidiary of Quebec pension fund manager the Caisse de depot is teaming with a global real estate firm to build an outlet mall at Edmonton's international airport.

MONTREAL — A subsidiary of Quebec pension fund manager the Caisse de depot is teaming with a global real estate firm to build an outlet mall at Edmonton’s international airport.

The 38,500 square-metre enclosed centre with about 100 stores is scheduled to open in the fall of 2017, Ivanhoe-Cambridge and U.S.-based Simon Property Group (NYSE:SPG) announced Wednesday.

The airport Premium Outlet Collection will contain several stores, yet to be identified by brand, that will be new to Alberta.

The estimated cost of the development was not disclosed.

The mall will be Simon’s fourth outlet centre in Canada, joining projects in Montreal, Toronto and Vancouver. The firm says it aims to own 100 outlet centres around the world.

Ivanhoe-Cambrige currently operates five outlet-style centres in key Canadian cities.

It will develop and manage the Edmonton outlet while both companies will jointly lease the property.

The outlet centre is part of master plan for Canada’s fifth-busiest airport.

More than eight million passengers passed through the airport in 2014, double the traffic a decade earlier.

Just Posted

(Advocate file photo)
Man charged following police chases last summer is sentenced

Alexander Michael Talbot sentenced to 22 months in prison

COVID-19 test kit. (Black Press Media file photo)
Red Deer businesses can order COVID testing kits from the Chamber

Kits are being provided through a partnership with the Alberta government

(Advocate file photo)
Pastor, candidate under restraining order arrested for allegedly breaking COVID laws

CALGARY — A Calgary mayoral candidate who is under a restraining order… Continue reading

Pro-Palestinian protesters run from police following a demonstration in Montreal, Sunday, May 16, 2021. THE CANADIAN PRESS/Graham Hughes
Tensions flare at Israel-Palestinian demonstrations in Montreal, Toronto

Tensions ran high at competing demonstrations over the Israeli-Palestinian conflict in both… Continue reading

Maj.-Gen. Dany Fortin, then-vice-president of logistics and operations at the Public Health Agency of Canada, participates in a news conference on the COVID-19 pandemic in Ottawa, Friday, Jan. 15, 2021. An expert in military affairs says the sudden departure of the  general in charge of Canada's vaccine rollout is unlikely to have any impact on the high-profile program. THE CANADIAN PRESS/Justin Tang
Canada to get 4.5M vaccine doses as questions swirl around immunization effort

OTTAWA — Canada is set to receive a large infusion of COVID-19… Continue reading

Mayor Rick Bonnett. (Screenshot)
WATCH: Ponoka council calls on gov’t to support rural small businesses

Ponoka council is calling on the provincial government to increase funding to… Continue reading

Conservative Leader Erin O'Toole holds a press conference in Ottawa on Thursday, May 13, 2021. THE CANADIAN PRESS/Sean Kilpatrick
Liberals silent on nature of Fortin probe or who will replace him on vaccine campaign

OTTAWA — The Liberal government is scrambling to reassure Canadians that the… Continue reading

The Red Deer Rebels have acquired goaltender Connor Ungar from the Brandon Wheat Kings, the team announced Monday. (File photo by Advocate staff)
Red Deer Rebels acquire goaltender Connor Ungar, forward Liam Keeler in separate trades

The Red Deer Rebels have acquired goaltender Connor Ungar from the Brandon… Continue reading

A woman attends a vigil in front of the hospital where Joyce Echaquan died in Joliette, Que., on Tuesday, Sept. 29, 2020. THE CANADIAN PRESS/Paul Chiasson
Hospital staff testify today at Quebec coroner’s inquiry into death of Joyce Echaquan

TROIS-RIVIÈRES, Que. — Medical staff from a Quebec hospital where Joyce Echaquan… Continue reading

Natural Resources Minister Seamus O’Regan responds to a question during Question Period in the House of Commons in Ottawa on February 17, 2020. THE CANADIAN PRESS/Adrian Wyld
Ottawa looking for 2,000 new energy auditors to get home retrofit program going

OTTAWA — The federal government is looking to train 2,000 more people… Continue reading

A person waits outside a COVID-19 testing clinic in Montreal, Sunday, May 9, 2021, as the COVID-19 pandemic continues in Canada and around the world. THE CANADIAN PRESS/Graham Hughes
Ontario opens shots to 18+, Quebec opens drive-thru, as COVID vaccine efforts expand

Quebec is opening a drive-thru vaccine clinic at its busiest airport and… Continue reading

Calgary Flames players celebrate the team's overtime win against the Vancouver Canucks during an NHL hockey game in Vancouver, B.C., Sunday, May 16, 2021. THE CANADIAN PRESS/Darryl Dyck
Lindholm OT winner gives Flames 6-5 win over Canucks despite blowing four-goal lead

VANCOUVER — In a game with little to play for besides pride,… Continue reading

In this photo taken on May 13, 2021, Russia's performer, Manizha, smiles during an interview after rehearsing at the Eurovision Song Contest at Ahoy arena in Rotterdam, Netherlands. For many, the stage and global television audience of millions is a chance to express messages of inclusion, strength and positivity. Manizha has a message of strength for women in her song whose lyrics include the lines: "Every Russian Woman. Needs to know. You're strong enough to bounce against the wall." (AP Photo/Peter Dejong)
Eurovision Song Contest returns despite coronavirus pandemic

ROTTERDAM, Netherlands (AP) — Pounding beats? Check. Uplifting lyrics? Check. Huge, backlit… Continue reading

Serena Williams of the United States returns the ball to Italy's Lisa Pigato during their match at the Emilia Romagna Open tennis tournament, in Parma, Monday, May 17, 2021. Serena Williams earned her first victory in more than three months by beating 17-year-old qualifier Lisa Pigato 6-3, 6-2 in the first round of the Emilia-Romagna Open. Williams accepted a wild-card invitation for the Parma tournament after losing her opening match at the Italian Open last week. (AP Photo/Marco Vasini)
Serena Williams posts 1st victory in more than 3 months

PARMA, Italy (AP) — Serena Williams earned her first victory in more… Continue reading

Most Read