TORONTO, May 17 /CNW/ - First Capital Realty Inc. ("First Capital
Realty") (TSX:FCR) Canada's leading owner, developer and operator of
supermarket and drugstore anchored neighbourhood and community shopping
centres, located predominantly in growing metropolitan areas, today announced that Mr. Gordon Driedger will join the Company's
management team as Senior Vice President, Central Canada. First
Capital's central region consists of 65 properties in Ontario,
totalling $2.0 billion of investment comprising 9.8 million square feet
GLA, as well as numerous development and redevelopment projects and
sites. Mr. Driedger will start with First Capital on June 20, 2011.
Prior to joining First Capital Realty, Mr. Driedger was most recently
Vice President, Corporate Real Estate of BMO Financial Group. He has
over 20 years experience in real estate management and development,
including senior real estate positions at Sobeys and Canadian Tire. In
addition, he has worked in various capacities on large land development
projects including high density residential.
"We welcome Gordon to our Management team and look forward to his
leadership in executing and growing our Central Canada business,"
stated Dori J. Segal, President & CEO.
"I am very much looking forward to working with such an exciting
portfolio of real estate assets and development properties in addition
to such a high quality team of real estate professionals", Mr. Driedger
Mr. Jamie Chisholm, the current Vice President, Central Canada, has
decided to leave the Company on May 31, 2011 to pursue other interests.
First Capital Realty thanks Jamie for his leadership and contributions
to Central Canada over the past four years and wishes him well in his
ABOUT First Capital Realty (TSX:FCR)
First Capital Realty is Canada's leading owner, developer and operator
of supermarket and drugstore anchored neighbourhood and community
shopping centres, located predominantly in growing metropolitan areas.
The Company currently owns interests in 163 properties, including three
under development, totalling approximately 22.4 million square feet of
gross leasable area and seven sites in the planning stage for future
SOURCE First Capital Realty Inc.
For further information:
Dori J. Segal, President & C.E.O., or
Karen H. Weaver, C.F.O.
First Capital Realty Inc.
85 Hanna Avenue, Suite 400
Toronto, Ontario, Canada M6K 3S3
Tel: (416) 504-4114
Fax: (416) 941-1655