Square One Shopping Centre, one of Ontario’s largest retail and entertainment centres, has reached its $1 billion mark in annual retail sales, making it one of the centre’s most lucrative sales years.
The centre, owned by Oxford Properties Group and Alberta Investment Management Corp., announced Square One’s sales from May 2016 to May 2017 reached a milestone for the company and that Square One is only the second centre in Canada to hit that sales mark.
“This incredible sales milestone echoes our mission to create a connected and thriving city centre that inspires our community, maximizes the infinite opportunities of our city and resonates beyond our boundaries,” Square One’s director and general manager Greg Taylor said in a press release.
“With unprecedented redevelopment, along with the arrival of highly coveted brands to Square One, we will continue to be a passionate and genuine partner in creating and driving positive growth and development in Mississagua’s downtown core,” Taylor said. “This milestone heralds a new era for Square One as a world-class destination for fashion, lifestyle and entertainment.”
Square One includes over 340 merchants and has 2.2 million square feet of shopping space. The shopping centre has been named as one of Canada’s top 10 most productive shopping centres with a sales productivity of $1,056 per square foot.