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Oxford, CPP Plan $40M In Added Renos At Galeries de la Capitale

Toronto Retail

Oxford Properties Group and Canada Pension Plan Investment Board have put another $40M toward renos at Galeries de la Capitale, part of a strategy aimed at bolstering the 2M SF mall’s position as Quebec City’s top shopping and entertainment destination. The new funds, complementing a $50M redevelopment launched last year, will fund the renovation of common areas, including all mall entrances and corridors to improve circulation. An expanded 26k SF H&M, Quebec City’s largest, opened at Galeries de la Capitale last fall. This spring will see the arrival of Old Navy and BCBG. (Target departed the shopping centre last spring).