Westmount Shopping Centre in southwest London has been sold to a huge Toronto real estate investment firm in a $31.5-million deal.
KingSett Capital purchased the property last month from Penretail Management on behalf of Bentall Kennedy, a Vancouver-based company that has owned the property since 2005.
Since mid-2017, a $100 million renewal project has been active at Toronto's 1975-built Manulife Centre at Bay and Bloor, set to expand the lower levels of the complex's office tower with new retail and restaurant space. Interior gutting of many of the previous ground floor retailers and demolition of the exterior walls and surrounding landscaping commenced in June, and is now largely complete. Most recently, the first steel structural elements of the Moed de Armas & Shannon and B+H Architects-designed addition have materialized at the corner of Bloor and Balmuto.
The City of Westmount is hoping to revive a section of St. Catherine Street just west of Atwater Ave. – a block largely abandoned for years, with just a few shops remaining.
Retail Council of Canada (RCC) is proud to welcome Marc Fortin as the new President, RCC-Quebec. Until recently, he was the President & CEO of Distribution Canada Inc (DCI). He brings more than 25 years experience as a sales & marketing professional experience gathered in CPG companies or as a consultant through his own firm, StratMk. He also held executive positions at the National Convenience Stores Distributors Association (NACDA), which he presided for many years; at Molson, where he led a major restructuring of the Sales, Marketing and Category Management departments; Canada Bread, as their Director of Innovations, Regional Brands and US Business Development; Borden-Catelli, Maple Leaf and Kellogg's where he restructured portfolios and brands re-establishing brand equity, profitability and sales volume. He holds a bachelor's degree in Marketing and Economic sciences from the University of Montreal.