Office
Airport Square, Vancouver
A South Vancouver office tower with strong environmental credentials
About the building
Guildford Town Centre is highly productive, dominant super-regional mall of nearly 1.2 million square feet located in Surrey, British Columbia. In 2013, the mall underwent a major renovation and expansion with $280 million of capital investments which boosted mall traffic to 14.6 million visitors in 2019. The renovation included a Walmart Supercenter expansion, new parking structure and renovated 1,000 seat foot court. The mall is home to over 120 retailers, including many of Canada’s top brands.
Investment rationale
The city of Surrey is the Greater Vancouver Area’s fastest growing regional trade area, with population growth of 300,000 forecast over the next 30 years. Surrey is set to surpass Vancouver as the most populous city in British Columbia by 2041.
Guildford Town Centre has been ranked as one of the 20 most productive shopping centres in Canada with commercial retail unit (CRU) sales of C$906 per square foot.
The LaSalle Canada Property Fund’s management team believes that the strong demographic trends in Surrey, combined with the desirability of the Guildford Town Centre for retailers means that it will be a strong core asset for the fund and provide reliable rental income for the long term.
Recognition
Following its 2013 renovation, the Guildford Town Centre was awarded LEED Gold status.
Gallery
Guildford Town Centre is part of the LaSalle Canada Property Fund portfolio
Similar properties
Office
Industrial
Toronto Industrial Portfolio
Strategically located warehouse facilities serving the Greater Toronto Area
Residential
Rideau & Chapel, Ottawa
A new-build residential and retail development in the heart of Canada’s capital
Office
Maison Manuvie, Montréal
An award-winning office building in downtown Montréal
No results found
Important information
The assets presented are meant for illustrative purposes only, are subject to change without notice and are not meant as a projection or estimate of the nature of any future investments to be made by the Fund or returns on any such investments. This information has been prepared by LaSalle in order to illustrate the type of assets held and/or transactions completed by the Fund; transactions for properties exhibiting the same or similar characteristics may not be available or profitable in the future.