investment summary - ivanhoe cambridge canadian retail portfolio
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LANDMARK RETAIL INVESTMENT OPPORTUNITY
CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
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2CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
INVESTMENT OPPORTUNITY
RBC Capital Markets Realty Inc., RBC Capital Markets Real Estate Group Inc., and CB Richard Ellis Limited (collectively the “Advisor”) have been retained on an exclusive basis by Ivanhoe Cambridge Inc. (“Ivanhoe Cambridge”) to arrange the sale of six regional and community shopping centres across Canada (collectively the “Portfolio” or the “Properties”) which are summarized below. The Portfolio is owned and managed by Ivanhoe Cambridge, Canada’s premier shopping centre developer.
The six institutional grade Properties total over 3.2 million square feet which are well merchandised and positioned to serve the shopping needs of their respective trade areas in Ontario, Quebec and Alberta. In addition, Target Corporation has given initial indication that four Zellers stores in the Portfolio may be converted to Target stores(1), providing an investor with an enhanced high-draw anchor tenancy.
A Portfolio of this size, quality, and geographic diversification represents a unique investment opportunity in the Canadian marketplace.
The Advisor is acting solely as agent for Ivanhoe Cambridge and not as agent for the purchaser. The Advisor will provide interested parties with a Confidential Information Memorandum and additional information in the near term. Should you have any questions please feel free to contact the undersigned.
Dan GiaquintoManaging Director(416) 842-8920 [email protected]
RBC Capital Markets Real Estate Group Inc. CB Richard Ellis
Armand Des RosiersManaging Director(514) [email protected]
Peter D. SenstExecutive Vice President(416) [email protected]
Hillel AbergelVice President(416) [email protected]
(1) Target expects to open 100-150 stores throughout Canada in 2013 and 2014.
(2) GLA includes 144,953 sf Bay which is non-owned.
(3) Lynden Park Mall is 50% co-owned by Omers Realty Corporation, however, a 100% interest in the property is being offered.
(4) GLA includes 102,673 sf of office area at 3333 Boulevard Côte-Vertu and 196,448 sf Sears which is non-owned.
Property City, Province GLA (sf) Anchor/Major Tenants
Oakville, ON 454,838
Burlington, ON 783,739(2)
Brantford, ON 374,802
Windsor, ON 371,055
Montreal, QC 933,881(4)
St. Albert, AB 312,183
3,230,498
(3)
PANTONE 476 PC
C: 57 M:80 Y:100 K:45
St. Albert Vector Wordmark And Colors
PANTONE 7545 PC
C: 57 M:80 Y:100 K:45
PANTONE 549 PC
C: 57 M:80 Y:100 K:45
PANTONE 382 PC
C: 57 M:80 Y:100 K:45
BLACK
WHITE
rev. June 4/09
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3CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
OAKVILLE PLACE, Oakville Ontario
Type Two-Level Regional MallYear Built / Renovated 1981 / 2004, 2008GLA (sf) 454,838Anchor / Major
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4CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
Type Two-Level Community MallYear Built / Renovated 1968 / 2001, 2004, 2006GLA (sf) 783,339(1)
Anchor / Major
BURLINGTON MALL, Burlington Ontario
(1) GLA includes 144,953 sf Bay which is non-owned.
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5CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
Type Single-Level Community MallYear Built / Renovated 1974 / 1998, 2001, 2007, 2010GLA (sf) 374,802Anchor / Major
LYNDEN PARK MALL, Brantford Ontario
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6CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
Type Single-Level Community MallYear Built / Renovated 1973 / 2001GLA (sf) 371,055Anchor / Major
TECUMSEH MALL, Windsor Ontario
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7CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
Type Single-Level Regional Mall, 10-Storey Office TowerYear Built / Renovated 1975 / 2010GLA (sf) 933,881(1) (102,673 space sf in office tower)Anchor / Major
PLACE VERTU, Montreal Quebec
(1) GLA includes 196,448 sf Sears which is non-owned.
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8CANADIAN REGIONAL & COMMUNITY MALL PORTFOLIO
Type Single-Level Community MallYear Built / Renovated 1980 / 1995GLA (sf) 312,183Anchor / Major
ST. ALBERT CENTRE, St. Albert Alberta
PANTONE 476 PC
C: 57 M:80 Y:100 K:45
St. Albert Vector Wordmark And Colors
PANTONE 7545 PC
C: 57 M:80 Y:100 K:45
PANTONE 549 PC
C: 57 M:80 Y:100 K:45
PANTONE 382 PC
C: 57 M:80 Y:100 K:45
BLACK
WHITE
rev. June 4/09