Ivanhoé Cambridge and Edmonton International Airport (EIA) announced today that they have entered into a conditional agreement to lease approximately 45 acres of land to develop a retail outlet destination called “The Outlet Collection at EIA”, as part of the EIA’s Highway Commercial Project.

Ideally located directly adjacent to the Queen Elizabeth II Highway, south of Airport Road, Ivanhoé Cambridge‘s The Outlet Collection at EIA will feature 32,500 square metres (350,000 square feet ) of retail outlets offering value from over 85 renowned brands, all housed under one roof. The Outlet Collection at EIA will offer customers a comfortable environment and a new level of shopping experience that caters to all tastes and budgets.

“This project is an important step in the evolution of our new development program,” declared Paul Gleeson, Executive Vice-President, Development, at Ivanhoé Cambridge. “With Vaughan Mills in Toronto (opened in 2004) and CrossIron Mills in Calgary (opened in 2009) successfully established, we have created the opportunity to evolve this value-offering into a pure outlet format for other dominant markets across Canada. Branded as “The Outlet Collection,” the first of these new projects, The Outlet Collection at Niagara, is to open to the public on May 15, 2014.”

“This is great news. It means more shopping, entertainment and hospitality options, not only for passengers, but for Greater Edmonton. The airport is a self-funded not-for-profit corporation, so airport revenue that is generated by leasing the land for this project will be reinvested into building better air service for the Edmonton Region. Ultimately, this will support more flights to more places,”said Myron Keehn, EIA Vice President of Commercial Development.