Primaris Retail REIT is committed to generating stable and rising income from a portfolio of Canadian shopping centres. The portfolio will be expanded in a timely and accretive manner through select acquisitions.
Primaris Retail REIT was formed in July 2003 with a portfolio of six properties in five markets. Following recent acquisitions, Primaris now owns 29 principal properties and several smaller properties in 22 markets. The portfolio consists of approximately 11.1 million square feet of retail space which is virtually fully leased.
Portfolio Summary (as at June 30, 2010)
Occupancy rate: 97%
|
Property
|
Tenants (>50,000)
|
Date completed/last renovation
|
Approximate area (sf)
|
Occupancy % (1)
|
CRU sales psf (2)
|
|
|
|
Aberdeen Mall
Kamloops, British Columbia
|
Sears, the Bay
|
Completed 1981,
Renovated 1998
|
461,000
|
98.1%
|
$389
|
|
Cornwall Centre
Regina, Saskatchewan
|
Sears, the Bay, Startek (3)
|
Completed 1981
|
567,000
|
99.2%
|
$524
|
|
Dufferin Mall
Toronto, Ontario
|
Wal-Mart, No Frills
|
Completed over several phases 1956-1976
Renovated 1986, 1999, 2006-2007
|
568,000
|
98.9%
|
$501
|
|
Eglinton Square
Toronto, Ontario
|
the Bay, Metro*
|
Completed over several phases 1953-1983
|
279,000
|
96.1%
|
$330
|
|
Grant Park
Winnipeg, Manitoba
|
Zellers, Safeway
|
Completed 1962, Expanded 1968, 1989, 1996
|
391,000
|
99.4%
|
$442
|
|
Heritage Place
Shopping Centre
Owen Sound, Ontario
|
Sears, Zellers
|
Completed 1987, Expanded 1989, 2000
|
315,000
|
98.7%
|
$326
|
|
Lambton Mall
Sarnia, Ontario
|
Sears, Canadian Tire
|
Completed 1970, Renovated 2001
|
618,000
|
83.2%
|
$351
|
|
Midtown Plaza Shopping Centre
Saskatoon, Saskatchewan
|
Sears, the Bay
|
Completed 1970,
Renovated 1990, 2007
|
734,000
|
97.9%
|
$566
|
|
Northland Village Mall
Calgary, Alberta
|
Wal-Mart
|
Completed 1971,
Renovated 1988, 1999, 2001,
Expanded 2005
|
503,000
|
98.4%
|
$442
|
|
Orchard Park Shopping Centre
Kelowna, British Columbia
|
the Bay, Sears
|
Completed 1971,
Renovated 2000,
Reconfigured 2006-2007
|
683,000
|
97.7%
|
$480
|
|
Park Place Shopping Centre
Lethbridge, Alberta
|
Sears
|
Completed 1988,
Expanded 1996
Renovated 2001
|
471,000
|
95.3%
|
$478
|
|
Place d'Orleans
Orleans, Ontario
|
Zellers, the Bay, Sport Chek, Federal Government
|
Completed 1979, Expanded 1983, 1990, 1999
Renovated 1990
|
742,000
|
98.0%
|
$434
|
|
Place du Royaume
Saguenay, Québec
|
Wal-Mart, Canadian Tire*
|
Completed 1973, Renovated 2000, 2001, Reconfigured 2007-2008
|
594,000
|
98.1%
|
$390
|
|
Place Fleur de Lys
Québec City, Québec
|
Zellers, the Bay, Maxi, Sears*
|
Completed over several phases 1963 - 1993
|
672,000
|
96.3%
|
$307
|
|
Stone Road Mall
Guelph, Ontario
|
Sears
|
Completed 1975,
Expanded 2005,
Renovated 1989, 2006-2007
|
513,000
|
97.6%
|
$505
|
|
Sunridge Mall
Calgary, AB
|
the Bay, Zellers
|
Completed 1981,
Expanded 2005
|
811,000
|
99.3%
|
$470
|
|
Woodgrove Centre
Nanaimo, BC (4)
|
the Bay, Wal-Mart
|
Completed 1981,
Renovated/expanded 1994, 2000, 2003, 2005
|
362,000
|
99.7%
|
$483
|
|
|
Enclosed Centres
Other Properties
|
Property
|
Tenants (>50,000)
|
Date completed/last renovation
|
Approximate area (sf)
|
Occupancy % (1)
|
CRU sales psf (2)
|
|
Alliston Mills
New Tecumseth, Ontario
|
Zellers, Canadian Tire*, Zehrs*
|
Completed 1992
|
191,000
|
92.7%
|
|
|
Edinburgh Market Place
Guelph, Ontario
|
Metro
|
Completed 1996
Expanded 2006, 2008
|
113,000
|
100.0%
|
|
|
Forest Glen
Kitchener, Ontario
|
n/a
|
Completed 1979
|
127,000
|
73.2%
|
|
|
Garden City
Winnipeg, Manitoba
|
Home Depot*
|
Completed over several phases 1976-2004
|
160,000
|
92.2%
|
|
|
Northland Professional Centre
Calgary, Alberta
|
n/a
|
Completed 1978
|
50,000
|
85.7%
|
|
|
Northland Village Shoppes
Calgary, Alberta
|
n/a
|
Completed 1974, 1999
|
7,000
|
100.0%
|
|
|
South Cambridge Centre
Cambridge, Ontario
|
Zehrs
|
Completed 1989
|
190,000
|
100.0%
|
|
|
Sugarloaf Mall
Atholville, New Brunswick
|
Zellers, Canadian Tire*
|
Completed 1973
|
195,000
|
90.8%
|
|
|
Tillsonburg Gateway Centre
Tillsonburg, Ontario
|
n/a
|
Completed 2003
|
47,000
|
92.3%
|
|
|
Toronto properties, Ontario
|
n/a
|
Completed 1930s, renovated several phases
|
74,000
|
100.0%
|
|
|
Westbank Shopping Centre
Westbank, British Columbia
|
Extra Foods*, Zellers*
|
Completed over several phases 1995-2004
|
74,000
|
98.7%
|
|
|
Notes:
|
|
* Shadow Anchor
|
|
(1) Occupied and Committed space as of June 30, 2010
|
|
(2) CRU All store Sales per square foot
|
|
(3) Startek - Vacant but paying rent
|
| (4) Woodgrove Centre GLA at 50% |
|
