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January 21, 2015

Edmonton International Airport to invest $225m in new retail centre and air cargo facility

Canada's Edmonton International Airport (EIA) has announced plans to develop a new retail centre and an air cargo facility, which will have an estimated accumulated value of $225m.

EIA

Canada’s Edmonton International Airport (EIA) has announced plans to develop a new retail centre and an air cargo facility, which will have an estimated accumulated value of $225m.

Ivanhoé Cambridge will develop the new Outlet Collection retail centre at EIA, while Rosenau Transport will develop a cargo distribution centre and warehouse for northern Alberta.

To be spread over an area of approximately 415,000ft², Outlet Collection will house retail outlets offering more than 100 renowned brands.

Meanwhile, Rosenau’s new building being built by the Panattoni Development Company will have access to air cargo carriers, the Queen Elizabeth II Highway and the Leduc-Nisku Industrial Park.

"These two developments at Edmonton International Airport are solid evidence of Alberta’s attractiveness to investors."

The air cargo facility will allow Western Canadian shippers to send cargo to Edmonton that can be on a plane to any destination within 24h.

Alberta premier Jim Prentice said: "The announcement of over $225 million in new investment and some thousand new jobs in Alberta is welcome news.

"These two developments at Edmonton International Airport are solid evidence of Alberta’s attractiveness to investors, and the contributions EIA is making to this region and our province’s future growth and success."

EIA president and CEO Tom Ruth said: "These two projects will not only generate revenue that will be reinvested into better air service, they will attract more people and more business into the Edmonton Region. That’s good for our airport, for our region and for our province."


Image: Ivanhoé Cambridge and Edmonton International Airport unveil detailed plans for the Outlet Collection at EIA. Photo: courtesy of CNW Group/Ivanhoé Cambridge.

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