Mayfair Shopping Centre will grow by 100,000 square feet as part of a high-profile expansion and renovation project that will bring the building's total footprint to 554,000 square feet.
As part of the expansion, the shopping centre's Douglas Street frontage will be extended towards the busy thoroughfare and along a portion of Finlayson Street.
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^Very clever, but also a rather obscure reference to Dr. Clearly, my ophthalmologist.
I see what you did there.
Mayfair shopping centre is about to be sold
No terms of the Mayfair deal have been made public.
Ivanhoe Cambridge, the real estate wing of Caisse de dépôt et placement du Québec (CDPQ), has had the Victoria mall as well as Lower Mainland shopping centres Tsawwassen Mills and Guildford Centre on the market in recent years.
Mayfair has been acquired (or will be when the deal closes) by Weihong Liu, a businesswoman from Vancouver with ties to China, who recently acquired partial ownership rights to Nanaimo’s Woodgrove Centre.
She also owns Arbutus Ridge golf course.
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Shopping centre expansion will bring new retailers to Victoria, including Vancouver Island's first Apple Store.
One of Victoria's busiest retail hubs will grow by over 100,000 square feet as part of an expansion and modernization project.