Mégacentre Rive-Sud, Lévis
Lévis, Quebec – Mégacentre Rive-Sud, developed and managed by Ivanhoe Cambridge, officially celebrated today its grand opening, which was attended by several distinguished guests. Located in Lévis, at the crossroads of highways 20 and 73 and route 132, this new shopping destination represents a total investment of over $45 million and has contributed to the creation of upwards of 500 jobs.
“We are thrilled with the way this project has come together and are grateful to everyone involved for their efforts. Mégacentre Rive-Sud has been an opportunity for us to capitalize on our development expertise and actively participate in the economic development of Lévis,” said Jean Laramée, Senior Vice President, Eastern Region of Ivanhoe Cambridge.
The nearly 400,000-square-foot Mégacentre Rive-Sud is home to three anchors – Wal-Mart, Canadian Tire and Home Depot – and some 30 other retailers, including Aldo Outlet, Ardène, la Banque TD, Café Dépôt, Claire France 14 Plus, Club Chaussures, Hockey Experts, La Vie en Rose, Le Grenier, Le Rouet, Lunetterie New Look, Microplay, Penningtons 14+, Québec Resto, Reitmans, Smart Set, Sports Experts, Stitches, Stokes, Suzy, Telus and Trade Secrets, which together have helped further broaden the merchandising mix in Lévis.
“Mégacentre Rive-Sud is at the heart of the Lévis commercial hub and has quickly made its mark on the retail landscape. Its high traffic speaks to its popularity among retailers and consumers alike,” said Pierre Léveillé, the director of Mégacentre Rive-Sud.
One of Canada’s pre-eminent property owners, managers, developers and investors, Ivanhoe Cambridge focuses on high-quality shopping centers located in urban areas. Beyond its strong Canada-wide presence, Ivanhoe Cambridge is active in the United States, Brazil, Asia and Europe, where it co-owns a number of properties with prominent real estate partners. Its core real estate portfolio of properties consists of over 65 regional and super-regional shopping centres comprising 43.2 million square feet of retail space. As at December 31, 2005, the value of Ivanhoe Cambridge’s assets was close to C$9.3 billion.
Headquartered in Montreal, Quebec, Canada, Ivanhoe Cambridge is a principal real estate subsidiary of the Caisse de dépôt et placement du Québec, the largest institutional fund manager in Canada. Amongst its shareholders, the Company also counts four prominent Canadian pension funds.