TORONTO, Aug. 6 /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
the release of the Company's first Corporate Sustainability Report outlining
First Capital's various environmental sustainability initiatives.
In May 2006 First Capital Realty became Canada's first shopping centre
owner, developer and operator to commit all of its new projects to LEED
(Leadership in Energy and Environmental Design) standards. In 2008 alone the
Company invested more than $180 million in properties developed to LEED
standards across Canada while implementing a number of other operating
programs to become more energy efficient, reduce waste and water consumption,
and to increase recycling. Today First Capital has completed or has underway
more than 30 properties across the country designed to LEED specifications.
The Company's Morningside Crossing, opened in September 2008, was the
first shopping centre in Toronto built to LEED standards and demonstrated the
results of First Capital Realty's commitment to environmental sustainability.
The property diverted over 95% of construction waste, or more than 12,500
metric tons, from landfill, reduced landscaping water requirements by 50% and
interior water usage by more than 43%, and optimized energy performance to
reduce greenhouse gas emissions by 46 tons of CO2 per year.
"We are proud to be Canada's first shopping centre owner, developer and
operator to build to LEED standards. Our new Corporate Sustainability Report
formalizes this commitment to responsible environmental practices, as well as
the highest standards of business ethics and corporate governance," commented
Dori J. Segal, President and Chief Executive Officer. "We believe this
commitment provides a strong base for future prosperity, ensures the long-term
viability of the Company, and defines our reputation as a contributor to the
communities in which we live and work. It's a philosophy that's right for our
business today, and in the future."
To obtain copies of First Capital Realty's Corporate Sustainability
Report, please visit our web site at www.firstcapitalrealty.ca or contact Alex
Correia at (416) 504-4114.
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 175 properties, including four under development,
totalling approximately 20.5 million square feet of gross leasable area, and 7
land sites in the planning stage for future retail development.
For further information:
For further information: Peter Papagiannis, Vice President, Property
Management, Alex Correia, Corporate Administrator, First Capital Realty Inc.,
85 Hanna Avenue, Suite 400, Toronto, Ontario, Canada, M6K 3S3, Tel: (416)
504-4114, Fax: (416) 941-1655, www.firstcapitalrealty.ca