News
Major Investment at Regent Mall
Cadillac Fairview announces a $13M renovation project at Regent Mall
Fredericton, March 9, 2010 – Regent Mall customers will soon enjoy a more modern environment that will bring the shopping experience to new heights! Today, Cadillac Fairview announced a $13M investment to revitalize Fredericton’s premier shopping destination. The renovation project starts this week and is scheduled for completion by November 2010. Construction will be phased over seven months and carried out in stages in order to minimize shopper and tenant inconvenience.
“In an increasingly competitive consumer environment, customers are demanding a better shopper experience. Recognizing this trend, Regent Mall needs to rejuvenate to present a fresh and updated look for our retail clients and our shoppers,” said Colleen Parent-Meade, General Manager of Regent Mall. “When completed, the newly renovated shopping centre will offer our customers a shopping experience that will not only meet, but exceed expectations. It will offer exceptional shopping choices via first-to-market retailers, a premier service commitment and an enhanced level of comfort for the entire family.”
Features of the new Regent will include:
• Internal physical upgrades that will include new flooring and ceiling treatments;
• New lighting;
• Refurbished entrances;
• New and renovated washroom facilities;
• Renovated food court with new seating areas; and
• Warmly-lit soft seating areas.
Regent Mall
Strategically located, Regent Mall is the predominant fashion destination in the Greater Fredericton Region. Its focus on first –to-market fashion retailers, diversity and exceptional customer service provides customers with an unparalleled shopping experience. Officially opened in 1976, the centre has a gross leasable area in excess of 480,000 square feet. Anchored by Sears, Wal-Mart, Toys R Us, Empire Theatres, Chapters and Sport Chek, Regent Mall is home to 115 stores and hosts more than 6.3 million consumers each year.
For more information, please visit regentmall.ca.
The Cadillac Fairview Corporation Limited
Regent Mall 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 developing and managing 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 nearly 50 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 84 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook 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 more information please visit us at cadillacfairview.com
For more information contact:
Colleen Parent Meade,
General Manager, Regent Mall
506-452-1005
parentmeac@cadillacfairview.com