Morguard Acquires Prime Property for International Client

    TORONTO, Jan. 7 /CNW/ - Morguard Investments Limited is pleased to
announce its successful advisory role in the $66.5 million acquisition of
215 Slater Street, Ottawa for its client DEGI: Deutsche Gesellschaft fur
Immobielienfonds mbH on behalf of its fund DEGI International. The high
quality property is an 8-storey, 109,206 square foot, Class AAA office tower
located in Ottawa's central business district (CBD) and is within walking
distance of Parliament Hill and the Supreme Court of Canada.
    This newly completed building is the only Silver LEED (Leadership in
Energy and Environmental Design) Standard property in the downtown Ottawa
office market and ranks as the most modern and advanced office building in the
capital area. The LEED Green Building Rating System is the internationally
accepted measurement for sustainable development practices such as: water
conservation, energy efficiency, materials selection and indoor environmental
quality. The state-of-the-art technology utilized at 215 Slater Street creates
a new environmental standard and promotes a healthy, productive workplace
setting. The office portion of the building is fully leased to Telus
Communications, one of Canada's largest telecommunication companies.
    Morguard is proud to represent Deutsche Gesellschaft fur Immobielienfonds
mbH - one of Europe's leading real estate portfolio managers with assets under
management totalling $6.4 billion euros. "DEGI has expressed an objective of
weighting its real estate portfolio outside of Europe to 40%," says Stephen
Taylor, president of Morguard. "We offer the perfect blend of investment
management experience and expertise to fulfill those ambitious investment
requirements."

    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 $6.9 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.