GUY CHARRON IS APPOINTED CHAIRMAN OF THE BOARD OF DIRECTORS OF THE URBAN<br>DEVELOPMENT INSTITUTE OF QUÉBEC

MONTREAL, Oct. 28 /CNW Telbec/ - It is with great pleasure that the Urban Development Institute of Québec (IDU Québec) announces that Guy Charron has been appointed Chairman of the UDI Québec Board of directors.

Mr. Guy Charron is Executive Vice-President and Head, Quebec Operations of the Homburg Canada Real Estate Investment Trust (formerly the Alexis Nihon Real Estate Investment Trust). Before joining Alexis Nihon REIT, where he has been Executive Vice-President and Chief Operating Officer since 2004 to this day, he has held various other positions, including President and Chief Operation Officer, within a retail business company listed on the stock exchange. After having obtained his Bachelor's degree in Business Administration, along with a major in Accounting, from Sherbrooke University, he started his career in 1979 with Deloitte, where he remained until 1989.

Besides being a member of UDI's Board of Directors, Guy Charron has been a member of the Ordre des comptables agréés du Québec and the Canadian Institute of Chartered Accountants since 1981.

« Guy Charron is well known within the real estate community of Québec. These combined experiences in the field, along with his knowledge of the real estate issues in Montréal, make him an ideal candidate to further the excellent work accomplished by his predecessors », stated the UDI President, General Manager, Mr. Raymond C. Bouchard.

"It is with great honor that I accede to the chairmanship of the Board of Directors, having the opportunity to further advance the organization and defend the interests of the members of the UDI », stated Guy Charron.

Besides being a member of the UDI's Board of Directors for many years and being a member of the Municipal Taxation Committee, he succeeds to Mr. Jean Laramée, Senior Vice-President - Eastern Region, for Ivanhoé Cambridge

About the UDI Québec
Speaking on behalf of Québec's real estate industry, the UDI Québec's mission is to favor the economic development of the real estate sector, defend the common interests of its members, make sure efficient policies are in place, initiate and maintain good communications with various government bodies and with the community at large. Established in 1987, the association today regroups nearly 250 corporate members throughout the province of Québec. For more information, visit www.iduquebec.com.

For further information:

Raymond C. Bouchard
President, General Manager
Tel.: [phone], ext. 24
[email protected]