SUBSCRIBE National News > Real Estate News Bisnow commercial real estate newsletter, ON March 31, 2016 News Retail FREE TORONTO E- NEWSLETTER THE 4 MOST PROFITABLE MALLS IN CANADA Email I accept the terms of use SIGN UP FOR FREE! Ryan Starr, Bisnow, /Vancouver Despite "economic headwinds, retailer failures, digital disruption and the purchasing habits of a new generation," Canada s top shopping centres and retail property sector which saw $4.5B in assets trade in 2015, 20% of national commercial real estate investment sales volume are faring just fine, Avison Young research chief Bill Argeropoulos notes in a new report. Here are Canada's four best-performing malls. MOST READ STORIES 1 Behind The Deal: RSA Insurance s New Custom- Built Mississauga Home Mar 29, 2016 1. Yorkdale Shopping Centre 2 How Dream s New Is Helping Fill 200k SF Of Vacancy At Scotia Plaza Mar 24, 2016 Our Terms of Use and Privacy Policy have changed 3 Why Condo Sales By using this site, you agree to the Privacy Policy and Terms of Us
Champ Plaza Came To Vaughan Multifamily Location: File 4 The 4 Most Profitable Malls In Canada Retail Owner: Oxford Properties Group, Alberta Investment Management Corp (AIMCo) Size: 1.8M SF Sales PSF (2015): $1,610 Worth noting: Yorkdale, which this year adds Nordstrom to its ever-expanding roster, was Canada s most productive mall, unseating last year's champ, Vancouver s CF Pacific Centre. For retail sales growth, Ontario (+4.5%) and (+5.4%) were second in the nation. 5 Crown And Crestpoint Buy Allstate Corporate Centre For $148.6M Mar 24, 2016 MORE TOP STORIES 2. Pacific Centre
CF Pacific Centre Location: Vancouver Owner: Cadillac Fairview Size: 1.58M SF Sales PSF: $1,599 Worth noting: Amid its extensive redevelopment, culminating with last fall's opening of Nordstrom, Pacific Centre lost top spot on the most-profitable malls ranking, albeit by a slim margin ($11/SF). But BC (+6.6%) and Vancouver (+9.9%) led the country in sales growth. 3. Oakridge Centre
Oakridge Centre Location: Vancouver Owner: Ivanhoé Cambridge Size: 575k SF Sales PSF: $1,537 Worth noting: Ivanhoé Cambridge earlier this year scaled back its extensive plan to redevelop the venerable Vancouver mall, which dates to 1959, positioning it at the centre of a new mixed-use community. A slimmed-down proposal includes 2,450 residential units. 4. CF Eaton Centre
Supplied Location: Owner: Cadillac Fairview Size: 1.7M SF Sales PSF: $1,509 Worth noting: Eaton Centre is having a big year, with last month s opening of Saks Fifth Avenue and (yet another) Nordstrom coming this fall. Five of Canada's 10 top-performing malls are in Ontario, and four of the five top Ontario centres are located in the GTA, according to Avison Young. See Also: BisnowTV Exclusive: 'The Future is Here'- One-On-One With L&L Holding Co's Robert Lapidus From 390 Madison Ave Related Topics: Cadillac Fairview, Oxford Properties Group, Ivanhoé Cambridge, Saks Fifth Avenue, Nordstrom, Alberta Investment Management Corporation, Oakridge Centre, CF Eaton Centre, CF Pacific Centre