THE PROPERTY DEVELOPMENT GROUP

Property Development Group (“PDG”) is Western Canada’s preeminent shopping centre development company. Headquartered in Vancouver, British Columbia, PDG is currently developing in excess of 5 million square feet of premium retail and mixed-use projects. What sets PDG apart from its North American counterparts is its extensive Asian retail development experience in such diverse markets as India, China, Taiwan, Indonesia and Singapore, amongst other Asian countries.

PDG’s executive partners, Lawrence Rank, Keith McRae, David Coon, Ken Grassi and J. Michael Storey, have substantial experience in the direct “hands on” acquisition, development and disposition of commercial real estate in North America and Asia. PDG’s capabilities involve every facet of the development process including land acquisition, master planning, entitlement processing, project concept and design strategies, project financing, marketing, leasing, operations management and asset disposition. And with over 5 million square feet of shopping centre projects currently under development and construction, PDG commands the attention of tenants, lenders and investors.

PDG provides its development expertise as principals as well as in cooperative arrangements with landowners and investor clients either in joint venture or in a retail shopping centre strategic alliance. As a result of its long-established track record for on-time and on-budget deliveries, PDG enjoys exceptionally strong working relationships with major international, national, regional and local anchor, big box, specialty retail and entertainment/restaurant tenants, often acquiring properties identified by anchor tenants to facilitate entry into new markets or to renovate/expand existing store locations.

In addition, PDG is working with several of the new U.S. retailers entering into the Canadian market, many of which will significantly enhance and energize Canada’s retailing industry (many of whom have or are planning on expanding their Asian store presence). At the same time, PDG has successfully worked with local governments to secure beneficial development entitlement rights; a prerequisite for maximizing project value. In all cases, PDG applies its professional experience and expertise to successfully conceive, design, manage and implement each project’s development strategy requirements, including the selection and management of key project consultants, architects (local and international), general contractors, leasing brokers and property managers.

PDG’s primary commitment as an owner/developer and strategic partner is to maximize each project’s return on investment while, at the same time, creating attractive and compelling environments whether they be retail or mixed-use. As a result, PDG and its executive partners are well respected within the industry for the integrity of their development philosophy and for the integrity of their management practices.