Sandra Stone (General Manager of Conestoga Mall), Brenda Halloran (Mayor of Waterloo) and George Fiddler (Senior Vice President, Central Region, Ivanhoe Cambridge) at the ribbon cutting ceremony.
Conestoga Mall, owned and managed by Ivanhoe Cambridge, is celebrating the completion of its $76-million redevelopment and expansion project which includes an additional 75,000 square feet of retail space, a relocated state-of-the-art food court, a host of new retailers and a significantly refurbished interior. Started in May 2006, this project further solidifies the centre’s market position as the leading shopping destination for the Kitchener-Waterloo area.
“The redevelopment of Conestoga Mall is in accordance with Ivanhoe Cambridge’s strategic plan to constantly invest in its properties in order to provide an exceptional shopping experience to consumers and an optimal place of business for our retailers,” said Kim D. McInnes, President and Chief Executive Officer, Ivanhoe Cambridge. “It also allows Ivanhoe Cambridge to leverage its extensive industry knowledge and development expertise to maximize the performance of this best-in-class property.”
Conestoga Mall broadened its retail offering to consumers by welcoming thirty new retailers, including Victoria’s Secret’s first PINK store in Canada, Aeropostale, Bath & Body Works, Garage, RW&Co., Softmoc and Teaopia.
The relocated food court has been completely revamped; it now seats 800 diners and has 14 new counters including Crepe Delicious, Freshly Squeezed, Spring Rolls to Go, Taco Bell/KFC, Tandori, Villa Madina, Tim Hortons and Rocky Mountain Chocolate. Access to the shopping centre has been streamlined and a thousand new parking spaces have been added. The expansive interior now features the latest trends in interior design and lighting, lending an inviting and pleasant ambience for shoppers.
Following a donation of 4,000 square feet to the City of Waterloo, Conestoga Mall also houses the City of Waterloo Museum where 10,000 artifacts relating to the city’s distillery industry as well as its history and agricultural heritage are on display.
“Shoppers are delighted to rediscover Conestoga Mall!” declared Sandra Stone, General Manager of the centre. “We are so excited to be growing alongside our booming community. Many thanks to all our retailers, old and new, and to our loyal customers who have embraced the changes so enthusiastically!” she added.
About Conestoga Mall
Conestoga Mall (www.conestogamall.com) is a community shopping centre owned and managed by Ivanhoe Cambridge. Serving Waterloo and an extended Secondary Trade Area, the centre is located at the corner of Conestoga Road and King St. north. Conestoga Mall is highly involved in the community and has developed a variety of partnership programs. Amongst its anchor tenants are The Bay, Galaxy Cinemas, Old Navy, Sport Chek, Zehrs, Zellers and Winners. For more information, visit www.conestogamall.com.
About Ivanhoe Cambridge
Ivanhoe Cambridge is a pre-eminent Canadian-based global property owner, manager, developer and investor, focusing on high-quality shopping centres located in urban areas. Beyond its strong Canada-wide presence, the Company is also active in the United States, Brazil, Mexico and Europe, where it owns a number of properties either by itself or through joint ventures with prominent real estate partners. Abroad, Ivanhoe Cambridge also holds interests in several shopping centre development and management companies and maintains offices in Europe and Asia.
Its real estate portfolio consists of more than 49 million square feet (4.6 million square metres) of retail space and includes 80 regional and super-regional shopping centres. As at December 31, 2008, the market value of Ivanhoe Cambridge’s assets reached CAD $14.5 billion.
Headquartered in Montreal, Quebec, Canada, Ivanhoe Cambridge is a principal real estate subsidiary of the Caisse de dépôt et placement du Québec, a leading Canadian institutional fund manager. Amongst its shareholders, the Company also counts four prominent Canadian pension funds.