Owned and managed with pride by Oxford Properties Group, Les Galeries de la Capitale is one of the largest commercial complexes in Eastern Canada, with a surface area of almost 2 millions square feet. The centre has many stores, including Forever 21, H&M, Hudson’s Bay, MEC, Renaud-Bray, Simons and Sports Experts, as well as a new food court, 10 attractions in the Méga Parc Éphémère and the largest IMAX screen in the country. Les Galeries de la Capitale is really Quebec's ultimate shopping and entertainment destination.
In the early seventies, Marcel Adams, a local and prosperous businessman, had a vision: to acquire an immense (11-million square feet) property on which he would build a major shopping centre right in the heart of Quebec City in an almost deserted and undeveloped area. At the time, many people did not believe in the potential of this major investment. Yet in August 1981, after several years of developing his project, Mr. Adams realized his dream. His vision has truly come to life—over the years, Les Galeries de la Capitale has become the most popular shopping centre in Quebec City and an unprecedented economic engine for the area.
The Les Galeries de la Capitale project was initiated by Les Développements Iberville Inc., owned by Marcel Adams, with partners the Eaton Properties, an affiliate of the Eaton stores (25%) and Markborough Properties, a real estate affiliate of the Hudson's Bay Company (25%).
Over the years, there have been many developments at Les Galeries de la Capitale, including the May 1988 construction of the Méga Parc, the second largest indoor amusement park in North America. The objective of this addition was to attract young families, to entertain and amuse them at reasonable prices, and to provide them with opportunities to shop. It was typical of the Les Galeries de la Capitale project: a great idea put the centre's name on the map by offering a winning combination of shopping and entertainment for locals and tourists.
Other development projects also included the addition of many major freestanding retailers, such as Rona, Archambault, Pier I Imports, DeSerres, Golf Town and Le Cochon Dingue restaurant.
On December 1, 2005, Les Galeries de la Capitale was bought by the Canada Pension Plan Funds (80%), Osmington (10%) and Westerkirk (10%). The management mandate was then given to Redcliff Realty Management. In October 2011, Coril Group of Companies acquired and merged Redcliff Realty Group with Tonko Realty Advisors Ltd., now known as Triovest Realty Advisors. Since June 4th 2013, Les Galeries de la Capitale is owned and managed by Oxford Properties Group, a nationally recognized owner, developer, investor and manager.
In fact, for over 50 years, Oxford has led the Canadian marketplace in service and scale. The portfolio in North America extends to approximately 50 million square feet of office, retail, hotel, industrial and multi-residential assets. With Oxford's arrival, many major development projects are in the works—it goes without saying that the best is yet to come.