The developers say this is the first enclosed regional center to open in Canada in 14 years. Among the center's anchors are Bass Pro Shops Outdoor World, Burlington Coat Factory and Lucky Strike Lanes. The center also boasts the largest Tommy Hilfiger outlet store in the world.
Mills and Ivanhoe Cambridge started building Vaughan Mills in June 2003. This is Mills' second international development. The first was Madrid (Spain) Xanadu, a retail-entertainment center which opened last year. The company is also looking to build other centers in Spain, as well as Italy.
Earlier this month Mills bought a 50% interest in nine malls across the country from General Motors Asset Management for just over $1 billion. The company currently owns 38 retail and entertainment centers totaling 46 million sf.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.