The Cadillac Fairview Corporation Limited

The Cadillac Fairview Corporation Limited

November 13, 2009 08:00 ET

$13 Million Renovation Completed at McAllister Place

Cadillac Fairview unveils a new, modernized shopping centre

SAINT JOHN, NEW BRUNSWICK--(Marketwire - Nov. 13, 2009) -

Attention: Real Estate, Retail, Business and City editors

Today, The Cadillac Fairview Corporation Limited celebrates the completion of the entirely renovated McAllister Place shopping centre after an intensive six-month construction period. The only full service regional shopping centre in its trade area, customers at McAllister Place will now enjoy an even greater shopping experience with the completion of this much anticipated renovation.

"McAllister Place has responded to the positive growth that has occurred in greater Saint John," said Colleen Parent-Meade, General Manager of McAllister Place. "The newly renovated shopping centre offers our guests exceptional shopping choices thanks to a redefined tenant mix, a premier service commitment and an enhanced level of comfort for the entire family."

"The design, inspired by the urban trend seen in shopping centres of leading international cities, was developed by Cadillac Fairview's architects and has been executed by local entrepreneurs," adds Jean-Francois Dugal, Vice-President, for The Cadillac Fairview Corporation Limited. "We are always searching for innovative approaches to offer consumers a place where fashion, good taste and quality of life converge."

Shoppers will enjoy high ceilings with skylights, brand-new flooring and ceiling treatments, state-of-the art, touch less washroom facilities, a luxuriously renovated Food Court with 35 per cent more seating capacity including refectory tables, and warmly lit soft seating areas. Marrying these elements with a diverse range of top-notch retailers creates a distinctive and exciting shopping experience.

First-to-Market Retailers

The retailer roster has been enhanced with the addition of well known, branded retailers that are unique in the Saint John market. These include: Aeropostale, Boathouse, The Telephone Booth, Yves Rocher, Freshly Squeezed, Lids, Wireless Wave, Mappins, Eastside Board Supply, Rocky Mountain Chocolate Factory, Koodo and Virgin Mobile.

McAllister Place

McAllister Place is Saint John's premier shopping destination. Officially opened in 1978, the centre has a gross leasable area in excess of 464,000 square feet. Anchored by Sears, Zellers, Sobeys and Toys R Us, McAllister Place is home to 110 stores. More than 5.1 million consumers shop at McAllister Place each year.

The Cadillac Fairview Corporation Limited

McAllister Place is owned 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.

Cadillac Fairview focuses on high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $17 billion and 50 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 86 properties, including some of Canada's landmark developments such as Toronto-Dominion Centre, the Toronto Eaton Centre, Sherway Gardens, Carrefour Laval, Chinook Centre and Pacific Centre.

Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 284,000 active and retired teachers in Ontario. For details, please visit www.cadillacfairview.com.

For more information about McAllister Place, and to stay informed of the many exciting changes, please visit www.mcallisterplace.ca.

Contact Information