Date Closed

June 30, 2010

Lead Office

Vancouver

Value

82.70 Million CAD

On June 30, 2010, First Capital Realty Inc. acquired from 667469 B.C. Ltd. (an affiliate of Bosa Development Corporation) Semiahmoo Shopping Centre, a 293,000 square foot shopping centre situated on 19.6 acres located in Surrey, British Columbia, on the border between the communities of Whiterock and Surrey. The tenants include PriceSmart Foods (Save-on- Foods), Zellers, Shoppers Drugmart and BC Liquor Store (both under construction), Royal Bank, CIBC, Coast Capital Savings and Tim Hortons. The purchase price of C$82.7 million was satisfied by a combination of cash and the assumption of C$27.5 million of fixed rate debt.

McCarthy Tétrault LLP represented Bosa Development Corporation, with a team led by Russ Benson.