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Quebec  + Retail  |  June 24, 2025
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By: Monte Stewart

Cadillac Fairview Looking to Sell St-Bruno Mall for $450M: Report

Cadillac Fairview is exploring the sale of the one-million-square-foot Promenade St-Bruno mall in the Montreal area for $450 million, Green Street News reported.

According to the report, TD Cornerstone and RBC Capital Markets Real Estate have been assigned to co-ordinate a potential transaction. If completed, the deal would be the second-largest in Quebec, the report states.

The property is located in Sainte-Bruno, Que., and is the only enclosed mall on Montreal’s South Shore. The mall has about 200 retail outlets and includes a former Hudson’s Bay Company department-store space.

Cadillac Fairview continues to divest retail assets. The company recently sold Lime Ridge Mall in Hamilton to Primaris REIT for $416 million.

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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