“The entire Southgate Centre team is pleased to welcome Californian-based Restoration Hardware among our roster of leading-edge retailers and to the City of Edmonton,” said Paul Fairbridge, General Manager of Southgate. “Restoration Hardware brings a whole new dimension to the retail mix at Southgate, offering Edmontonians unique and exciting choices for home fashion and decor.”

 

Restoration Hardware is the first and only of its kind in Edmonton and the second in Alberta. The swanky home furnishings store features exclusive and upscale designs in furniture, window treatments, bath fixtures and more.

 

Southgate Centre, a dominant fashion centre located in south Edmonton, boasts the highest sales productivity in the market and is one of the leading performers in Canada. Situated in a very affluent trade area, the centre’s unique blend of 165 national, regional and independent retailers attracts a loyal and affluent customer base. Anchored by a flagship Bay and Sears stores, together with Safeway, Southgate is a preferred shopping destination attracting over 11 million customers annually. A recent $114-million expansion project added 154,600 square feet of space, featuring over 30 new stores and services, an expanded and relocated food court, two levels of additional parking and luxurious washrooms.

 

Ivanhoe Cambridge (www.ivanhoecambridge.com) 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 elsewhere in North America, Latin America, Europe and Asia, 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, Latin America and Asia.

 

Its real estate portfolio consists of more than 50 million square feet (4.6 million square metres) of retail space and includes 80 regional and super-regional shopping centres. As at December 31, 2009, the market value of Ivanhoe Cambridge’s assets reached CAD $12.8 billion.

 

Headquartered in Montreal, Quebec, Canada, Ivanhoe Cambridge is a principal real estate subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s institutional fund managers. Amongst its shareholders, the Company also counts four prominent Canadian pension funds.