CentreMall945x514

Morguard to invest in The Centre Mall upgrade

Wednesday, January 23, 2019

One of the major shopping centres in Saskatoon, The Centre Mall, is getting a $43 million makeover with an investment from Morguard Real Estate Investment Trust.

According to a press release, the renovation projects for the shopping centre include modernizing the interior and exterior of the property,  including new flooring and ceilings, expansive skylights and an updated colour scheme.  continuing development of the new Cineplex pad and continuing the refit of the former Target space.

There will also be continuing development of the new Cineplex pad and the refit of the former Target space as well as upgrades to the food court and the creation of a new guest service kiosk.

“We’re happy to make this significant investment in The Centre and show our commitment to the City of Saskatoon,” said Andrew Tamlin, chief financial officer of the Trust. “Morguard is dedicated to providing a best-in-class experience that reinforces The Centre’s position as a leading retail and entertainment destination in the community.”

The Centre’s transformation project will be performed in phases and is expected to begin in early 2019 and be completed in 2020.

Leave a Reply

Your email address will not be published. Required fields are marked *