Ivanhoé Cambridge and Edmonton International Airport unveil detailed plans for the Outlet Collection at EIA

Enclosed outlet retail destination to welcome more than 100 brands in larger property to be serviced by airport shuttle service

EDMONTON, Jan. 21, 2015 /CNW/ - Ivanhoé Cambridge and Edmonton International Airport (EIA) unveiled today details about the development of the Outlet Collection at EIA shopping centre. 

Ivanhoé Cambridge and EIA have made significant advances in the design and planning of Outlet Collection at EIA which will anchor the airport's Highway Commercial Development project, a plan by EIA to create a premier shopping, office, entertainment and hotel development located adjacent to the Queen Elizabeth II Highway at Airport Road.

Edmonton's first-and-only pure outlet centre, Outlet Collection at EIA, will feature warm modern fashion-forward districts and a contemporary dining hall within an enclosed "industrial chic" shopping environment. Since the initial project announcement in December 2013, the shopping centre's retail area has been increased by 65,000 square feet to 415,000 square feet, and now plans to welcome more than 100 outlet brands.

The property will also benefit from new services:

• A new airport shuttle service will be in place by the opening of the centre, which will provide airport travellers with the the opportunity to easily move between the Terminal and Outlet Collection at EIA during longer layovers
  
• A new parcel storage service will be established to accommodate customers who buy on the way through, with pick-up service on the return leg of their travel

With Outlet Collection at EIA opening in 2017, site preparation has progressed significantly  over the course of the past year, including the rough grading of the site, the design and construction of the internal boundary roads and the development of services and utilities. EIA is also advancing plans to modify the Queen Elizabeth II Highway / Airport Rd. interchange to provide direct access to the site for customers coming from the Edmonton market and beyond.

"We are very pleased with the momentum of this exciting project, a natural evolution of our Mills and Outlet Collection banners," declared Paul Gleeson, Executive Vice President, Global Development, Ivanhoé Cambridge. "Based on the overwhelming success of our first Outlet Collection at Niagara, which opened in May 2014, and the Outlet Collection at Winnipeg which is to break ground this coming summer, we look forward to bringing this shopping experience with irresistible outlet brands to the people of the greater Edmonton market."

"The Outlet Collection is a major development project that will not only attract new passengers and generate revenue that we can reinvest in our airport, it will help us continue to drive economic growth for the region. Our airport already creates over 10,000 jobs and generates over $1.5 billion in economic output," said Tom Ruth, President and CEO of Edmonton International Airport.

Edmontonians are the highest retail-spending citizens per capita in Canada, and the city ranks as  5th largest retail market in Canada. With 8.2 million passengers a year, EIA is the fastest-growing major airport in Canada. More than 74,000 vehicles pass by EIA on the Queen Elizabeth II Highway every day.

Note to editors: hi-resolution images are available upon request.

About Ivanhoé Cambridge
Ivanhoé Cambridge leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver optimal returns for its investors. Its assets, held through multiple subsidiaries and located mainly in Canada, the United States, Europe, Brazil and Asia, totalled more than Cdn$40 billion as at December 31, 2013. Its portfolio consists mainly of shopping centres, office and multiresidential properties. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.

About Edmonton International Airport
Edmonton International Airport is a self-funded, not-for-profit corporation whose mandate is to drive economic prosperity for the Edmonton Region. EIA is Canada's fastest-growing major airport over the past 10 years, the fifth-busiest airport by passenger traffic and the largest major Canadian airport by land area. EIA offers non-stop connections to more than 60 destinations across Canada, the US, Mexico, the Caribbean and Europe. Please visit www.flyeia.com for more information.           

SOURCE Ivanhoé Cambridge

Image with caption: "Ivanhoé Cambridge and Edmonton International Airport unveil detailed plans for the Outlet Collection at EIA (CNW Group/Ivanhoé Cambridge)". Image available at: http://photos.newswire.ca/images/download/20150121_C5280_PHOTO_EN_11407.jpg

Ivanhoé Cambridge: Sébastien Théberge, [email protected], Global: 1 866-456-3342; Leasing opportunities: [email protected], [phone];Edmonton International Airport (EIA): Heather Hamilton, Director of Communications, p. +1.780.890.2434, c. +1.780.884.2966, e. [email protected]