Redbourne Group establishes Redbourne Realty Fund

On July 7, 2005, the Redbourne Realty Fund was established by Canadian pension funds and other investors agreeing to invest $132 million in entities managed by the Redbourne Group, a major real estate investment and management organization. The Fund targets the acquisition of office and industrial properties in urban centres in Canada. On July 14, 2005, the Fund acquired the first 10 such properties for approximately $90 million.

GE Capital provided the secured loan facility with respect to the purchase of these properties and was represented by Richard Clare, Lise Rochette and Isabelle Durand of Fasken Martineau in Montreal.