Edmonton International Airport in Canada, Alberta will soon be richer for unique mall called Premium Outlet Collection. The partners behind it are Ivanhoe Cambridge, which is based in Quebec, and U.S-based Simon Property Group. This will be Simon's fourth outlet center in Canada, joining very successful projects in Montreal, Toronto, and Vancouver. Both companies will continue to work in close collaboration with Edmonton International Airport (EIA), who fully supports the project as a key component in its 340-acre airport masterplan.
The stunning number of 6.5 million tourists visit the Edmonton area annually and arrive through one of Canada’s busiest airports. This would be the great chance for them to use all the facilities that are being constructed within this project, started in spring 2016. The shopping center is scheduled to open in spring 2018. Approximately 100 stores will open at Premium Outlet Collection Edmonton International Airport, many of them making their first appearance in Alberta. Located south of Airport Road, directly adjacent to the Queen Elizabeth II Highway, this mall will feature 428,000 square feet of retail outlets. According to the official information, it seems like it will cater to all tastes and budgets.
By doing this kind of project, it is crucial to mention that investors will secure future aviation-related use and generate sustainable income to support air service. This matters a lot, because EIA is a key economic driver for the Edmonton region and also a not-for-profit corporation which is entirely self-sustaining. This project will create 1,000 jobs, position EIA as a tourist generation, and stimulate further growth on airport lands.
Simon is a global leader in retail real estate ownership, management and development and a S&P100 company (Simon Property Group) Their industry-leading retail properties and investments across North America, Europe and Asia provide shopping experiences for millions of consumers every day and generate billions in annual retail sales.
Ivanhoé Cambridge a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the company invests alongside key partners that are leaders in their respective markets.