Primecorp Secures Two Major Sale Mandates in Nation's Capital and Montreal

    OTTAWA, Oct. 1 /CNW Telbec/ - Primecorp Commercial Realty Inc. and
Primecorp Québec Commerciale Inc. announced today that they have secured two
major sale mandates in the Nation's Capital and Montreal. The Ottawa asset is
66 Slater Street, a 250,000 square foot office tower in the central business
district and the other is 125 de La Gauchetière St. W. a newly built
152-suite, luxury residential tower located in Montreal's city centre.
    Both assets are of superior quality and are expected to achieve a great
deal of attention from both private and institutional investors looking to
enhance their real estate portfolios in both cities.
    "We are excited to bring these assets to market" says Nicolas Pantieras,
Partner at Primecorp Commercial Realty Inc." The market is always receptive to
quality real estate and we expect to generate a great deal of interest in
these assets" adds Nicolas.
    "This is a win-win opportunity for both the vendor and the purchaser"
says Sam Firestone, Primecorp Commercial Realty Inc. Partner, "real estate
like this is seldom available and is a great opportunity for investors
interested in superior assets."
    "The Canadian market is strong for core assets, even with current turmoil
in the US financial markets. The stable and steady reputation that Canadian
investment real estate offers will only enhance the appeal of these two
assets" says Primecorp Commercial Realty Inc. Partner Aik Aliferis.
    Collectively, these mandates are expected to achieve well in excess of
$100,000,000. This only substantiates Primecorp's position as one of Canada's
strongest and most respected Realty Advisory Firms.
    These mandates will be handled by the Investment Team of Aik Aliferis,
Sam Firestone and Nicolas Pantieras as well as Jean-Marc Veilleux of Primecorp
Québec Commercial Inc., Courtier Immobilier Agréé.
    Since Primecorp's inception in 1998, it has been involved in transactions
in excess of C $3.0 Billion in over 27 Canadian cities, with C $270M closed
transactions in the first half of 2008.

For further information:

For further information: Media relations: Aik Aliferis, 1-888-720-2020
ext 234;

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