| Closing: |
Oct. 26, 2006 |
| Total units: |
40,000 |
| Per unit: |
$1,250 |
| Debenture interest rate: |
8% |
| Equity raised: |
$50,000,000 |
| Total portfolio acquired: |
$118,229,211 |
| Number of properties: |
14 (9 divested) |
|
| |
|
Properties by Purchase Price
|
Debt Maturities on Remaining Properties |
| 
|
| Year |
Debts |
| 2012 |
41% |
| 2015 |
59% |
|
 |
Place des Quatre-Bourgeois - 47.5% interest
Sainte-Foy, QC |
| Purchase Price: |
$11,597,125 |
| Purchase date: |
February 2008 |
| Property type: |
Shopping centre |
| Rentable area: |
245,028 sq. ft. |
| Key tenants: |
IGA, Winners, Dollarama, Rossy, Ureka, Jean Coutu, Subway |
| Sale price: |
$15,211,875 |
| Sale date: |
June 2012 |
| |
|
|
 |
City Gate Centre
Chilliwack, BC
|
| Purchase price: |
$16,466,086 |
| Purchase date: |
December 2007 |
| Mortgage: |
$12,368,314 |
| Interest rate: |
5.50% |
| Debt maturity: |
December 2012 |
| Property type: |
Shopping centre |
| Rentable area: |
46,163 sq. ft. |
| Site area: |
3.66 acres |
| Key tenants: |
HSBC Bank, Envision Credit Union's head office, Liquor Depot, Blockbuster, Dakota's Restaurant |
|
|
 |
Galeries Kirkland
Montreal, QC |
| Purchase price: |
$12,100,000 |
| Purchase date: |
September 2007 |
| Mortgage: |
$8,500,000 |
| Interest rate: |
5.38% |
| Debt maturity : |
September 2012 |
| Property type: |
Shopping centre |
| Rentable area: |
85,862 sq. ft. |
| Site area: |
5.3 acres |
| Key tenants: |
TD Canada Trust, Nevada Bob's Golf |
|
|
 |
Grand Marshall
Toronto, ON
|
| Purchase price: |
$3,400,000 |
| Purchase date: |
June 2007 |
| Property type: |
Industrial |
| Rentable area: |
15,965 sq. ft. |
| Site area: |
2.69 acres |
| Tenant: |
Ministry of Transportation |
| Sale price: |
$3,400,000 |
| Sale date: |
December 2011 |
|
|
 |
The Shops at Polson Park
Vernon, BC |
| Purchase price: |
$12,500,000 |
| Purchase date: |
May 2007 |
| Mortgage: |
$20,000,000 |
| Interest rate: |
4.65% |
| Debt maturity: |
April 2016 |
| Property type: |
Shopping centre |
| Rentable area: |
116,016 sq. ft. |
| Site area: |
9.686 acres |
| Key tenants: |
Coopers Foods, Galaxy Cinemas, Shoppers Drug Mart, RBC Royal Bank |
|
|
|
Starlite Centre
Regina, SK |
| Purchase price: |
$5,321,500 |
| Purchase date: |
May 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
26,869 sq. ft. |
| Site area: |
2.52 acres |
| Key tenants: |
KFC, Nevada Bob's Golf |
| Sale price: |
$6,500,000 |
| Sale date: |
December 2010 |
|
|
 |
788 Caldew Street
Delta, BC |
| Purchase price: |
$3,900,000 |
| Purchase date: |
March 2007 |
| Property type: |
Industrial |
| Rentable area: |
56,625 sq. ft. |
| Site area: |
2.671 acres |
| Sale price: |
$5,000,000 |
| Sale date: |
April 2008 |
|
|
 |
Cariboo Mall
100 Mile House, BC |
| Purchase price: |
$2,170,000 |
| Purchase date: |
March 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
39,708 sq. ft. |
| Site area: |
3.44 acres |
| Key tenants: |
Pharmasave, BMO Bank of Montreal, True Value Hardware |
| Sale price: |
$2,350,000 |
| Sale date: |
January 2012 |
|
|
 |
Terrace Shopping Centre
Terrace, BC |
| Purchase price: |
$2,360,000 |
| Purchase date: |
March 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
19,728 sq. ft. |
| Site area: |
0.854 acres |
| Key tenants: |
TD Canada Trust, Dollar Store With More |
| Sale price: |
$2,360,000 |
| Sale date: |
September 2009 |
|
|
|
Smithers Mall
Smithers, BC |
| Purchase price: |
$1,760,000 |
| Purchase date: |
March 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
43,741 |
| Site area: |
3.16 acres |
| Key tenants: |
Zellers Select, Bank of Nova Scotia |
|
 |
Evergreen Centre
Sooke, BC
|
| Purchase price: |
$8,170,000 |
| Purchase date: |
February 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
67,156 sq. ft. |
| Site area: |
7.96 acres |
| Key tenants: |
Western Foods, Shoppers Drug Mart, Royal Bank, BC Liquor Store, A&W Restaurants |
| Sale price: |
$15,900,000 |
| Sale date: |
August 2011 |
|
 |
Millwoods Mainstreet Mall
Edmonton, AB |
| Purchase price: |
$29,000,000 |
| Purchase date: |
February 2007 |
| Property type: |
Shopping centre |
| Rentable area: |
142,865 sq. ft. |
| Site area: |
15.23 acres |
| Key tenants: |
Sobeys, Bank of Montreal, Rogers Video, Tim Hortons, Wendy's |
| Sale price: |
$38,500,000 |
| Sale date: |
March 2011 |
|
 |
Maple Park Shopping Centre - 95% interest
Quesnel, BC |
| Purchase price: |
$3,049,000 |
| Purchase date: |
February 2007 |
| Mortgage: |
$1,500,000 |
| Interest rate: |
floating |
| Debt maturity: |
Demand loan |
| Property type: |
Shopping centre |
| Rentable area: |
140,000 sq. ft. |
| Site area: |
13.68 acres |
|
|
|
Newton Crossing
Surrey, BC |
| Purchase price: |
$6,600,000 |
| Purchase date: |
December 2006 |
| Property type: |
Retail/office |
| Rentable area: |
48,966 sq. ft. |
| Site area: |
3.978 acres |
| Key tenants: |
CIBC, Government of BC, Macdonald Realtors |
| Sale price: |
$10,150,000 |
| Sale date: |
October 2008 |
|
|
| |
| |
|
pdf 798KB
