TORONTO, ONTARIO–(Marketwired – Aug. 18, 2015) – SmartREIT (TSX:SRU.UN) is pleased to announce that Toronto Premium Outlets in Halton Hills, which it owns in a joint venture with Simon Property Group, will now be open on all statutory holidays except for Christmas Day, beginning Labour Day, September 7th. The operating hours on statutory holidays will be 9:30 am – 9:00 pm.
“Providing the unparalleled Toronto Premium Outlets experience when people want to shop is consistent with our vision of providing convenient centres with a broad array of tenants satisfying many everyday needs, so we are delighted to extend shopping on statutory holidays when many people are looking to get out for some shopping pleasure and excitement,” said Huw Thomas, President and CEO, SmartREIT.
Opened in August 2013, the Toronto Premium Outlets offer approximately 360,000 square feet of shopping featuring more than 85 top retailers including Ralph Lauren, Tory Burch, Burberry, Ted Baker, J. Crew and many more. With six million people living within a one-hour drive of Toronto Premium Outlets, it is on track to be one of the most highly trafficked Premium Outlets® locations globally.
SmartREIT is one of Canada’s largest real estate investment trusts with an enterprise value which has now grown to approximately $8.4 billion. It owns and manages in excess of 30 million square feet in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. In addition, SmartREIT is a joint-venture partner in the Toronto and Montreal Premium Outlets with Simon Property Group. SmartREIT’s core vision is to provide a value-oriented shopping experience to Canadian consumers and over time create high quality office environments as part of mixed use developments in urban settings.
With SmartREIT’s acquisition of SmartCentres, SmartREIT has transformed into a fully integrated real estate provider. SmartREIT and SmartCentres have had a long and successful alliance, helping to provide Canadians with value-focused retail shopping centres across the country. Now, our alliance has grown even stronger, the result is a fully integrated real estate provider with expertise in planning, development, leasing, operations, and construction – all under one roof. Our new name is a reflection of our combined capabilities: SmartREIT. For more information on SmartREIT, visit www.smartreit.ca.
President and Chief Executive Officer
(905) 326-6400 ext. 7649