Villarboit Raises $85 Million for Retail Development Pipeline

VAUGHAN, ON, June 13, 2012 /CNW/ - Villarboit Retail Development Corporation ("Villarboit") - announced today that it has raised in excess of $85 million from a top-tier Toronto based institutional real estate investor, as well as various high net worth individuals and portfolio managers to fund the development and construction of a Class A retail portfolio.  Villarboit's current pipeline is comprised of over 1.4 million square feet of new format Class A retail properties in various stages of development, leasing and construction, located in the Greater Toronto Area as well as markets throughout southern Ontario.

"Villarboit has a longstanding history of meeting our retail clients' desire for quality construction in superior locations.  Many of our national and international tenants have multiple locations within our current or previous projects and we continually strive to build on these relationships and exceed expectations.  These development funds and capital partnerships are an important part of delivering to our clients in a timely manner the quality product they expect from us, and allows us to further expand our platform to meet those needs," stated Guery Goyo, President.

About Villarboit
Villarboit Retail Development Corporation is a Vaughan, Ontario based developer with a 25 year history of delivering quality developments for its clients and investors.  The Company is fully integrated, with in-house capabilities for all primary aspects of the development business including acquisitions, site planning and zoning, construction, leasing, as well as property and asset management. It also provides construction and advisory services to select national retailers, and other third party developers.  Further information is available at www.villarboit.com.

This press release contains forward looking information that is subject to a number of risks and uncertainties that could effect final results.  This press release is not a solicitation for investment.

SOURCE Villarboit Development Corporation

For further information:

Guery Goyo
President, Villarboit Retail Development Corp.
(905) 738-6456 x123

Paul Simcox
Managing Partner, Villarboit Realty Partners
(905) 738-6456 x147

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Villarboit Development Corporation

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