Primaris REIT expands its portfolio with the $325 million acquisition of Les Galeries de la Capitale, one of Quebec City’s largest and most prominent shopping centres.
The steampunk-themed centre at Quebec City’s Les Galeries de la Capitale saw more than two million visitors, helping drive success at the renovated 1.5 million square foot shopping complex.
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Landlord Oxford Properties is adding experiential elements to the massive centre that include entertainment, new retailers and this fall, Canada’s third suburban food hall.
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The Canadian retailer has unveiled its first store that uses industry leading technologies to eliminate its carbon footprint — in a beautiful space that once housed a Target store.
Recent improvements have resulted in a significant increase in foot traffic, with more changes on the way including an overhauled amusement park as well as the country’s first net-zero department store.
Quebec’s largest mall is on the cutting edge of the industry’s latest trends, including adding a zero-carbon department store and a revamped amusement park with the 1st spokeless Ferris wheel in North America, and the longest indoor skating trail in Canada.
Quebec's largest mall, Les Galeries de la Capitale, is expected to add about 150,000 square feet of retail space at a cost of about $150 million. An 11-screen Cineplex theatre will also be added, and construction could begin at the end of 2014...