Morguard Acquires Prime Industrial Property

    TORONTO, Jan. 8 /CNW/ - Morguard Investments Limited (MIL) is pleased to
announce the acquisition of the Reebok-CCM Hockey Corporate Headquarters and
Distribution Facility at 3400 Rue Raymond-Lasnier, Ville St. Laurent, Quebec.
The acquisition was completed at a total consideration of $41.5 million and
was made on behalf of a Canadian pension fund client.
    The Reebok-CCM Hockey Distribution Centre serves as the global
headquarters for the company and is located in St. Laurent Quebec, five
minutes from Pierre Elliot Trudeau International Airport and the intersection
of Autoroutes 13 and 40. This state of the art distribution facility was
constructed in 2006 and is fully leased to Reebok-CCM Hockey, fully guaranteed
by the parent company, Adidas AG out of Herzogenaurach Germany. The building
is comprised of 474,463 sq. ft. with 15% of high quality office space, 33.5'
clear height in the warehouse and 27 truck level doors. The site consists of
20.4 acres, zoned for industrial wholesale, distribution or manufacturing with
a potential for future expansion. MIL will provide both asset management and
property management services.

    Morguard Investments Limited is one of Canada's premier real estate
investment advisors and management companies representing major institutional
and private investors. With more than $7.5 billion in assets under management,
Morguard provides a full range of asset and property management, acquisition,
development and leasing services. Morguard's diversified portfolio includes
more than 40 million square feet of office, industrial, retail, residential
and mixed-use properties. It employs more than 800 staff in nine offices
across the country.