<h1 style="font-size:24px;">Construction is underway at First Westlake Logistics Park&nbsp;&nbsp;&nbsp;</h1> Construction on First Gulf’s latest industrial development – First Westlake Logistics Park – &nbsp;in Jacksonville, Florida is nearly complete its concrete slab on grade, marking a major milestone in the construction of this new, state-of-the-art logistics and manufacturing site.&nbsp;&nbsp;&nbsp; Located in a prime Jacksonville industrial area, the two-building, 408,842 square foot development will offer flexible industrial space designed to meet the demands of modern businesses. The concrete slab lays the surface foundation needed to begin forming and raising the tilt up concrete walls for steel framing to begin in the new year.&nbsp;&nbsp;&nbsp; This is First Gulf’s first industrial development outside of Canada and is expected to be completed by Q2 2025. Located on a 54-acre site, First Gulf plans to develop two Class A buildings of 109,322 square feet and 299,520 square feet. &nbsp; <a target="_blank" rel="noopener noreferrer" href="http://www.firstwestlakelogisticspark.com">www.firstwestlakelogisticspark.com</a><o:p></o:p>&nbsp;For more information, please contact:&nbsp;&nbsp;&nbsp; Brian Harrison&nbsp;&nbsp;&nbsp; Executive Vice President&nbsp;&nbsp;&nbsp; 416.773.7095&nbsp;&nbsp;&nbsp;&nbsp; <a href="mailto:bharrison@firstgulf.com">bharrison@firstgulf.com</a><o:p></o:p>&nbsp; <o:p></o:p>

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Construction is underway at First Westlake Logistics Park 

In a milestone for Bronte Station Business Park, <a target="_blank" rel="noopener noreferrer" href="https://www.element.com/">Element Materials Technology</a>, a global leader in materials and product qualification testing, inspection, and certification (TIC) services, celebrated the grand opening of its new facility on Wednesday. The state-of-the-art facility, located at 2475 Speers Road, marks a significant expansion for the company, enhancing its ability to serve customers in the Greater Toronto Area and beyond. Located in Oakville, Ontario Bronte Station Business Park was developed and constructed by First Gulf Corporation and Nicola Wealth Real Estate, and offers 365,000 square feet of commercial space across two industrial buildings. Occupying 55,000 square feet within the business park, Element's new facility is part of a $17 million (CAD) investment that demonstrates the company's growing global footprint and reinforces its commitment to providing world-class services. <img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/lorabay/DSC_1239_42f11d6dbc.jpeg"> Rebekah Diec Stormes. Director, Economic Development for the Town of Oakville, who was in attendance for the ribbon-cutting, praised Element for its contribution to the local community. “The innovation and research that will happen here enhances Oakville's growing culture of talent and creativity”. Diec Stormes said. The event included a ribbon cutting ceremony, a tour of the new facility which showcased its cutting-edge features, and interactive demonstrations. Guests enjoyed great food, refreshments and the opportunity connect with peers and industry leaders. &nbsp;<img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/lorabay/DSC_1267_b84ba14932.jpeg"> For media inquiries, please contact: Alex Heming Director, Marketing &amp; Proposals Phone: 416.773.7157 Email: <a href="mailto:aheming@firstgulf.com">aheming@firstgulf.com</a>&nbsp; Katya Beadsworth External Communications Manager, Element Materials Technology Phone: +44 (0) 7824 360 637 Email: <a href="mailto:katya.beadsworth@element.com">katya.beadsworth@element.com</a> About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $5 billion. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. <a target="_blank" rel="noopener noreferrer" href="http://www.firstgulf.com/"><span style="mso-ansi-language:EN-CA;mso-ascii-font-family:Aptos;mso-ascii-theme-font:minor-latin;mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-language:AR-SA;mso-bidi-theme-font:minor-bidi;mso-fareast-font-family:Aptos;mso-fareast-language:EN-US;mso-fareast-theme-font:minor-latin;mso-hansi-font-family:Aptos;mso-hansi-theme-font:minor-latin;">firstgulf.com</a> &nbsp;About Nicola Wealth Real Estate&nbsp; Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with over $16 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, self-storage, retail, office and seniors housing. The Nicola Wealth Real Estate portfolio now exceeds $10 billion gross asset value. For more information, please visit <a target="_blank" rel="noopener noreferrer" href="https://nicolawealth.com/real-estate">realestate.nicolawealth.com&nbsp;&nbsp;</a><o:p></o:p> &nbsp;

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Element Celebrates Grand Opening of New Facility at Bronte Station

<a target="_blank" rel="noopener noreferrer" href="https://www.stackinfra.com/">STACK Infrastructure</a>, the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, announced the delivery of the first phase at STACK’s flagship Toronto campus. Totaling 56MW, the first phase of the campus features an 8MW data center and 48MW of planned expansion capacity in Toronto, Canada’s commercial, financial, and industrial hub and the fourth largest city in North America.&nbsp;Centrally located with contracted access to power and robust connectivity, the 20-acre campus is just six miles from 151 Front Street in downtown Toronto, Canada’s largest carrier hotel and primary internet exchange point in the city. First Gulf, a leading developer in Toronto, partnered with STACK to deliver the initial 8MW data center by renovating an existing building consequently reducing material usage and energy emissions consistent with STACK’s sustainability goals.&nbsp;&nbsp;The next 24MW phase of development, with planned delivery in the second quarter of 2026, boasts committed power from Toronto Hydro from three diverse substations using 100% renewable energy sources. The third phase will offer 24MW to support client growth on a campus tailored as a purpose-built solution for scalability in a market with limited capacity.&nbsp;&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.stackinfra.com/about/news-events/press-releases/stack-infrastructure-delivers-first-phase-of-its-56mw-flagship-toronto-campus/#/">Read the full article</a>&nbsp;

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STACK Infrastructure Delivers First Phase of its 56MW Flagship Toronto Campus

We’re excited to announce that we’ve broken ground on a 1.1 million square foot development on behalf of transportation and logistics company, Highlight Motors Group. Working in conjunction with Cavalieri &amp; Associates, this state-of-the-art warehouse and office development is located in the heart of Bradford, Ontario on 100 acres of land, and stands as a testament the success of Highlight Motor Group. Phase 1 of the project will consist of the development of 60 acres of land with 540,000 sf of warehousing and office space being built. Phase 2 will entail the development of the remaining 40 acres of land. With operations currently located in Vaughan, Brampton, New Jersey, Illinois and California with over 1,100 employees, this new development will serve as Highlight Motor Group’s new headquarters. Located at Highway 400 and 5th Line, this expansion reflects the company’s growth within their industry and dedication to the communities in which they operate. This new facility will bring an estimated 2,000 jobs to region, further bolstering this sought-after, and growing hub in the Great Toronto Area’s northern region. In addition to members of the Highlight Motor Group team, First Gulf and Cavalieri &amp; Associates, this ground breaking event was attended by MP Scot Davidson, Minister of MTO Caroline Mulroney, County of Simcoe Warden Basil Clarke, Mayor of Town of Bradford West Gwillimbury James Leduc, Deputy Mayor Raj Sandhu, esteemed Bradford councillors, and partners who have been instrumental in this achievement. <img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/DSC_01092_copy_7b15dc3fcc.jpg"> &nbsp; Check out news coverage of the event on CTV <a target="_blank" rel="noopener noreferrer" href="https://barrie.ctvnews.ca/bradford-transportation-company-breaks-ground-on-1-1-million-square-foot-business-park-1.6514267">here</a>.&nbsp;

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Breaking Ground On 1.1 M SF Business Park In Bradford!

First Gulf intends to buy approximately 53.87 acres of land and develop two buildings totaling 407,250 square feet in Westlake Industrial Park in Jacksonville, Florida. “We are exporting our industrial development platform, and we’ve chosen Jacksonville to be our first market,” said Roman Brailovski, First Gulf vice president of strategic initiatives and operations .“We believe in the big-picture dynamics of the Florida market and anticipate that it will continue to underpin the growing demand for industrial real estate.”&nbsp; Jacksonville stands out along the Southeast U.S. coast “because it has a compelling microeconomic narrative of population and labor market growth, transportation, and the commitment of local authorities to grow the port, as well as the positive reputation of the general business environment.” First Gulf plans to develop two Class A industrial buildings that can be multi-tenant or single occupiers, based on demand. The proposed site plan shows Building 1 at 299,520 square feet and Building 2 at 107,730 square feet. First Gulf plans to start construction by the first quarter of 2024 for completion in the third quarter of 2024. <a href="https://www.jaxdailyrecord.com/news/2023/jul/05/toronto-based-first-gulf-plans-50-million-investment-in-first-us-industrial-park-in-westlake/">Read The Full Article</a>

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First Gulf plans $50-million investment in its first U.S. industrial park in Jacksonville, FL

Toronto-based real estate company branches out from traditional asset classes with multiple innovative developments&nbsp;Roman Brailovski, Vice President, Strategic Initiatives and Operations discusses First Gulf’s vertically integrated platform and positive momentum across a variety of asset classes in the latest issue of the DDC Journal.&nbsp;<a href="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/283157_First_Gulf_d3c587f0c9.pdf" target="_blank" rel="noopener noreferrer">Read the full article here&nbsp;</a>&nbsp;<figure class="image"><a href="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/283157_First_Gulf_d3c587f0c9.pdf" target="_blank" rel="noopener noreferrer"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/magazine_mock_1_55c526d6c5.png"></a></figure>&nbsp;&nbsp;&nbsp;&nbsp;

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Life Science Expansion (DDC Journal – Winter 2022)

We are proud to announce that Toronto City Council has approved First Gulf’s new King East Centre development. Located along Front Street East and Princess Street in Toronto’s St. Lawrence Neighbourhood and within the City’s original 10 blocks, this new development will consist of a 28-story office tower, 39-story residential tower, retail and public space.Building upon our success within this vibrant city neighbourhood with the recently completed offices at 333 King Street East (home of Coca Cola and George Brown amongst others), 351 King Street East (The Globe and Mail Centre) and 25 Ontario Street (The Shift, currently under construction, we are excited to invigorate this growing area with live, work and play opportunities.In collaboration with WZMH Architects, Urban Strategies Inc. and STUDIO tla, BA Group and R.J. Burnside, we were able to achieve this milestone and move towards bringing the King East Centre to reality.&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/kec3_1d454be0f2.jpeg"></figure>&nbsp;

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Building Success in Toronto’s Downtown East Node

Mississauga, ON – (June 1, 2022) – First Gulf Corporation (“First Gulf”) has partnered with Spear Street Capital (“Spear Street”), a world-renowned owner and developer of healthcare, research and technology-oriented properties in the United States, Canada and Europe, to re-develop the former Element head office site located within the Sheridan Research Park at 2395 Speakman Drive in south Mississauga, Ontario.&nbsp;The 24.34 acres site was purchased in December 2021 by First Gulf and is now being redeveloped by the partners into a state-of-the-art life sciences campus that can accommodate up to 350,000 square feet of laboratory, office, innovation, and technology space. The initial phase of the development will consist of approximately 145,000 square feet.&nbsp;“We are thrilled to partner with Spear Street Capital on this project. Combining Spear Street’s extensive expertise in life sciences with our execution capabilities will allow us to develop a world-class research and development facility in an outstanding location. We believe that there is significant demand for a development of this caliber and look forward to delivering our first buildings in late 2023” says David Carreiro, President of First Gulf.&nbsp;First Gulf and Spear Street will provide additional information on this project in the coming months.&nbsp;For more information on this project, please contact:Michael Rak, Vice President, Spear Street Capital <a href="mailto:mrak@spearsteetcapital.com">mrak@spearsteetcapital.com</a> or 212-488-1653Roman Brailovski, Vice President, Strategic Initiatives &amp; Operations, First Gulf <a href="mailto:rbrailovski@firstgulf.com">rbrailovski@firstgulf.com</a> or 416-773-7060&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $5 billion. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. <a href="http://www.firstgulf.com">firstgulf.com</a>&nbsp;About Spear Street Capital Founded in 2001, Spear Street Capital is an owner, developer and operator of distinctive healthcare and research &amp; technology-oriented properties located in the United States, Canada and Europe. Spear Street Capital focuses on assets and portfolios greater than $25 million in total value, targeting well-conceived and located properties that can succeed through creative leasing efforts, physical improvements, entitlement changes or realization of adaptive re-use strategies. <a href="http://www.spearstreetcapital.com">spearstreetcapital.com</a>

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First Gulf and Spear Street Capital partner to develop state-of-the-art life sciences campus

<h4>The partnership acquired the 13.4 acre site to develop small-bay industrial condos for owner-users and investors.</h4>First Gulf and Nicola Wealth Real Estate (NWRE) announce their partnership in the acquisition of 574-576 Bronte Road in Oakville, Ontario. The partners will co-venture on the 13.4-acre property located immediately south of Highway 403, on the West side of Bronte Road at the intersection with Speers Road."We are excited to further expand our industrial development pipeline in Ontario with First Gulf who is a trusted and reputable partner," says Ron Bastin, Director of Acquisitions at Nicola Wealth Real Estate. "The property is situated in a strong industrial node and we look forward to launching a unique industrial condo project, leveraging our experience and success with similar projects in Western Canada. This will be the first of a number of new industrial condo projects we are looking to grow in the GTA and Montreal.""Our strategy is to develop multiple small-bay industrial condo buildings with units ranging from approximately 2,500 to 4,000 sf," says David Carreiro, President of First Gulf. "This project will appeal to owner-users seeking to acquire a modern industrial unit in a market that is starving for both ownership options as well as new inventory. The offering provides users optionality to the rapid and ongoing increase in lease rates."First Gulf and Nicola Wealth Real Estate have collaborated on several other projects in the GTA including a large development property immediately across Bronte Road, known as Bronte Station Business Park which will comprise over 365,000 sf of modern industrial distribution space.&nbsp;About Nicola Wealth Real EstateNicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $12.1 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current NWRE portfolio now exceeds $8 billion gross asset value.&nbsp;About First GulfFirst Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company's inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America's premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group's fully-integrated activities span the entire real estate spectrum.&nbsp;MEDIA CONTACTAlex Heming 416.773.7295 aheming@firstgulf.com

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First Gulf and Nicola Wealth Real Estate acquire Oakville site slated for Industrial Condos

First Gulf has continued to execute on its strategic growth and diversification plan with the acquisition of the 24-acre 2395 Speakman Drive in Mississauga.&nbsp;Located within the Sheridan Research Park, the site is currently improved with a 230,000 sq. ft. life sciences building and has permitted density that would allow for significant potential expansion.&nbsp;Sheridan Research Park is situated along the QEW, 3 KM from Clarkson GO station and less than 25 minutes away from both Pearson Airport and downtown Toronto.&nbsp;“We have a strong relationship with the City of Mississauga and are delighted by the opportunity to continue our investment there,“ said David Carreiro, President of First Gulf. “We are particularly excited by the prominent location and versatility of this site. The existing building affords us the opportunity to enter the life sciences space, while the broader site allows for significant additional density across several attractive asset classes.”&nbsp;First Gulf will provide additional information about its plans for this site in the coming months.&nbsp;For more information on this acquisition, or First Gulf’s services, please contact Roman Brailovski, Vice President, Strategic Initiatives &amp; Operations at rbrailovski@firstgulf.com or 416-773-7060.About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf purchases the former Element head office within the Sheridan Research Park in south Mississauga

First Gulf and Nicola Wealth Real Estate (NWRE) have purchased more suburban land in the GTA with the acquisition of a 13.5-acre industrial development property in Whitby, Ontario.&nbsp;Located in an existing industrial node on Hopkins Street, close to downtown Whitby, the site offers exceptional access to the 401 via the Thickson Road interchange – which is less than two kilometres away.&nbsp;A single-storey multi-tenant industrial facility is being considered with a gross floor area of 290,324 square feet. Additionally, the planned building offers a truck court that includes fifty-two (52) trailer parking stalls.&nbsp;“Durham Region is a rapidly-growing area,” said David Carreiro, President of First Gulf. “We are delighted to once again partner with Nicola Wealth Real Estate, who share our belief that the Town of Whitby is ideally situated to fulfil the requirement for quality, available inventory in the GTA industrial market.”&nbsp;NWRE, who continue to focus on acquiring income-producing properties and value-add opportunities in major markets across North America, has collaborated with First Gulf on eight recent projects in the GTA recently totalling over 3.5 million square feet.&nbsp;For more information on the development of this project of First Gulf’s services, please contact Executive Vice President Brian Harrison at bharrison@firstgulf.com or 416-773-7095.About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Nicola Wealth Real Estate Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $11 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current real estate portfolio exceeds $6 billion gross asset value.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf and Nicola Wealth Real Estate acquire another 13.5 acres in Whitby

First Gulf has once again partnered with Nicola Wealth Real Estate (NWRE) to acquire a 48-acre industrial development property in north Whitby.&nbsp;Situated on Ashburn Road, south of Brooklin, and close to highways 407 and 412, the site can accommodate up to 820,000 square feet of industrial space. Servicing will be complete in 2022 and First Gulf is already fielding calls from interested parties.&nbsp;“Quality available inventory in the industrial market continues to be a problem in Durham Region and throughout the GTA,” said David Carreiro, President of First Gulf. “This is another example of First Gulf leaving no stone unturned in our pursuit of available land opportunities to try to meet that demand. We are delighted to once again partner with Nicola Wealth Real Estate and are excited to soon be bringing industrial tenants to a rapidly-growing area in Whitby.”&nbsp;NWRE, who continue to focus on acquiring income-producing properties and value-add opportunities in major markets across North America, has collaborated with First Gulf on six projects in the GTA recently totalling over 2.5 million square feet.&nbsp;For more information on the development of this project of First Gulf’s services, please contact Executive Vice President Brian Harrison at bharrison@firstgulf.com or 416-773-7095.About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Nicola Wealth Real Estate Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $11 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current real estate portfolio exceeds $6 billion gross asset value.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf partners with Nicola Wealth Real Estate on land purchase in Whitby

First Gulf has partnered with Nicola Wealth Real Estate (NWRE) and Challenger Motor Freight – the existing landowner – to acquire the Cambridge Industrial Lands. This acquisition, brokered by Mark Cascagnette and his team at Lee-Associates, will witness the development of new generation industrial buildings suitable for tenants and owner/users.The partnership will co-venture on the 52-acre property situated on Allendale Road between Riverbank Drive and Highway 17 in Cambridge.&nbsp;The property provides quick access to Highway 401, enabling users to access Kitchener (20 mins northwest), Guelph (25 mins northeast), Pearson International Airport (60 mins east), and Downtown Toronto (90 mins east).“Our strategy is to develop five large bay industrial distribution buildings over two phases totalling over 1,000,000 square feet, pending the required approvals,” said David Carreiro, President of First Gulf.&nbsp;“This project will appeal to tenants seeking to lease new, quality industrial product in a marketplace starving for new inventory.”Mark Hannah, Managing Director of Nicola Wealth Real Estate, added: “We are excited to further expand our industrial presence in Ontario with First Gulf who is a trusted and reputable partner.&nbsp;The property is situated in a strong industrial node of Cambridge, characterized by small/mid/large bay industrial product, experiencing a remarkably low vacancy rate of 1.2%”.Nicola Wealth Real Estate, who continue to focus on acquiring income-producing properties and value-add opportunities in major Canadian markets, has collaborated with First Gulf on several other projects in the GTA including an office development at 1335 North Service Road in Oakville, an industrial development at 880 Avonhead Road in Mississauga, 50-acres of industrial land at 10538 Coleraine Drive in Brampton, a Burlington/Hamilton Industrial Portfolio, and a large industrial development property at 2485 Speers Road in Oakville.About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Nicola Wealth Real Estate Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $9.2 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current real estate portfolio now exceeds $6 billion gross asset value.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf, NWRE and Challenger Motor Freight partner on 52-acre industrial project

STACK INFRASTRUCTURE (“STACK” or the “Company”), the digital infrastructure partner to the world’s most innovative companies, today announced a partnership with First Gulf, a proven market leader in Canadian development and construction, to develop a 56 MW campus on a 19 acre site located at 3650 Danforth Avenue in Toronto, Ontario.&nbsp;STACK’s first international expansion is located minutes from Toronto’s downtown core and will include immediate capacity ready in mid-2022 as well as future expansion.&nbsp;As the fourth largest city in North America and a critical data centre market, Toronto is an ideal location for STACK’s first expansion into Canada. The new STACK development sits on 7.5 hectares (19-acres), located 10km (six miles) from the heart of downtown Toronto, and will be fed by three diverse substations served by Toronto Hydro for maximum scalability and redundancy. The 56MW campus will enable hyperscale and enterprise clients to choose among ready capacity, powered shell, and build-to-suit customized opportunities.&nbsp;The Company is partnering with First Gulf on site development, leveraging the development firm’s 30 years of experience and more than $4 billion in developed assets within Greater Toronto and Ontario. First Gulf has been recognized as a market leader in development, design-build, and construction for commercial, industrial, and mission-critical projects.&nbsp;“Toronto, with its incredible economic growth, access to power, and connectivity, is one of North America’s most exciting data centre expansion opportunities,” said Brian Cox, STACK’s Chief Executive Officer. “Our company continues to develop where our hyperscale and enterprise clients need to be, and we couldn’t be more excited to partner with First Gulf and expand internationally to meet those needs. This represents the next chapter in the fast-moving and ever-expanding story of STACK growth.”&nbsp;Ilias Konstantopoulos, Chief Executive Officer of the Great Gulf Group, First Gulf’s parent company, added: “Together, STACK and First Gulf make an exceptional team. With our 30 years of experience, development is where our team thrives, and First Gulf knows the Toronto market as well as anyone. There is incredible potential here for long-term growth of digital communications infrastructure, and we’re proud to join forces with STACK to facilitate that growth.”&nbsp;"We are delighted to welcome STACK and its partners to Toronto. It is great news that they, along with First Gulf, are further investing in the region’s digital infrastructure to power the City and its business community,” said John Tory, Mayor of Toronto. “As an industrial and financial hub of Canada, increased technology access, development, and jobs are critical to Toronto’s growth, which is why we hope this is just the beginning of a long, successful partnership.”&nbsp;This latest expansion adds to an already record-setting year of growth for STACK. Recently the Company announced a round of executive hires and the issuance of $400 million of securitized notes at an industry-leading rate. It is also closing out delivery of a new 24MW facility on a 28-acre campus in Hillsboro, a suburb of Portland.&nbsp;STACK also offers several other opportunities in key regions throughout the United States, including:<ul><li>A 400-acre hyperscale data centre campus with 400MW potential critical capacity in AllianceTexas, a master-planned development in Fort Worth, Texas, in partnership with Hillwood.</li><li>A New Albany, Ohio 42MW data centre campus with immediately available and build-to-suit expansion opportunities.</li><li>A new 79-acre hyperscale data centre campus in Avondale, Arizona, with 150MW of potential critical capacity.</li><li>Build-to-suit opportunities in Atlanta, including a potential 12MW in Alpharetta and a 48MW campus in nearby Lithia Springs.</li></ul>&nbsp;STACK provides both the digital infrastructure and end-to-end client experience required to scale the world’s most innovative companies. The Company’s offering includes hyperscale campuses and build-to-suit data centres (“HYPER STACK™”), immediately available wholesale colocation and private data suites (“READY STACK™”), and powered shell options (“POWER STACK™”).&nbsp;For more information about STACK, please visit: <a href="http://www.stackinfra.com">www.stackinfra.com</a>.&nbsp;For more information on the development of this project of First Gulf’s services, please contact Executive Vice President Brian Harrison at bharrison@firstgulf.com or 416-773-7095.&nbsp;About First Gulf First Gulf is an award-winning leader in the development of industrial, office, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of industrial, office and retail real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Stack Infrastructure STACK provides digital infrastructure to scale the world’s most innovative companies. With a client-first approach, the Company delivers a comprehensive suite of wholesale build-to-suit, colocation, and powered shell solutions in nine markets today: Atlanta, Georgia; Chicago, Illinois; Dallas/Fort Worth, Texas; New Albany, Ohio; Northern Virginia; Phoenix, Arizona; Portland, Oregon; Silicon Valley, California; and Toronto, Ontario. With unparalleled existing and flexible expansion capacity in the leading availability zones, STACK offers the scale and geographic reach that rapidly growing hyperscale and enterprise companies need. The world runs on data. And data runs on STACK.

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First Gulf and Stack Infrastructure partner on new data centre campus in Toronto ﻿

First Gulf has partnered with Nicola Wealth Real Estate (NWRE) to acquire a 27-acre industrial redevelopment property and a portfolio of nine industrial buildings in the Greater Toronto Area.&nbsp;The first acquisition is located at the intersection of Speers Road and Bronte Road and abutting the GO Rail corridor in Oakville.&nbsp; It consists of an existing 77,000 sf building on a long-term lease to an established manufacturing company with an adjacent 19 acres of vacant land for future industrial development. First Gulf and NWRE plan to construct 350,000 sf of modern industrial facilities on the vacant land which will be suitable for a variety of uses.&nbsp;The second acquisition is an existing industrial portfolio consisting of nine buildings with a total leasable area of 473,000 sf and occupancy of nearly 100%.&nbsp; The properties are located in Burlington, Hamilton and Stoney Creek with excellent proximity to the QEW.&nbsp;“This product will appeal to small, mid, and large industrial users in a market constrained by quality available inventory,” said David Carreiro, President of First Gulf. “This portfolio presents an opportunity to increase revenue through capital investment and market re-positioning.”&nbsp;Mark Hannah, Managing Director of NWRE, added: “We are excited to partner with First Gulf on these two recent acquisitions. In this ultra-competitive environment, demand for well-located industrial product is challenging to source.”&nbsp;Nicola Wealth Real Estate, who continue to focus on acquiring income-producing properties and value-add opportunities in major Canadian markets, has collaborated with First Gulf on several other projects in the GTA including an office development at 1335 North Service Road in Oakville and a new industrial building at 880 Avonhead Road in Mississauga.&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Nicola Wealth Real Estate Nicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $9.2 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current real estate portfolio now exceeds $6 billion gross asset value.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf partners with Nicola Wealth Real Estate on two large industrial acquisitions in the GTA

First Gulf and the Healthcare of Ontario Pension Plan (HOOPP) are delighted to confirm a major lease agreement for 180,000 square feet with EQ Bank at our new office development at 25 Ontario Street, Toronto. As part of the deal, the building – formerly marketed as The Shift – will be known as EQ Bank Tower.&nbsp;EQ Bank, a wholly-owned subsidiary of Equitable Group Inc., will occupy floors 12 to 19 in the new 24-storey tower which is under construction and set for completion in Q2 2022.&nbsp;“Just as important as leasing space in a building, is securing the right tenant,” said First Gulf Executive Vice President Brian Harrison. “That is why we are so delighted to add EQ Bank to the list of tenants at 25 Ontario Street alongside Think Research and Spaces. We are now over 80% leased with modern, technologically-savvy clients who are thriving and growing in the same way that the Downtown East district is. We could not be happier to have them aboard and we look forward to working with them – not only as construction progresses, but also via our property management division.”&nbsp;The new EQ Bank Tower is a joint venture between First Gulf and HOOPP that will see 466,000 sf of LEED®-Gold office space added to this thriving business node in Toronto’s Downtown East. With&nbsp;close to one million sf&nbsp;of office and retail space developed by&nbsp;First Gulf across the Coca-Cola Canada headquarters at 333 King Street East and&nbsp;The Globe &amp; Mail Centre at 351 King Street East, as well as a further 500,000 sf planned at 200 Front, the EQ Bank Tower is the next step in First Gulf’s continued commitment to the east side.&nbsp;"The move allows us to leverage new building designs with larger floorplates to accommodate our growing workforce,’ said&nbsp;Andrew Moor, President and CEO of Equitable Bank. “We considered a number of options, including those in the heart of the downtown financial core, but we've never seen ourselves as a traditional bank, and we believe this building is the most cost-effective path to achieving our long-term goals, while continuing to pass on savings to customers with our branchless digital approach."&nbsp;Jody Sperling, SVP of Human Resources at Equitable Bank, added: "Closer proximity to the downtown core, with convenient access to Union Station, means we can continue to recruit the best of the best with the skills needed to thrive at&nbsp;Canada's&nbsp;leading digital bank."&nbsp;First Gulf would like to thank the Colliers listing team, as well as Richard McWhirter of Avison Young, for their efforts in finalizing this defining transaction and building upon the success of the downtown east side.&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About the Healthcare of Ontario Pension Plan HOOPP is the pension plan serving&nbsp;Ontario's&nbsp;hospital and community-based healthcare sector, with more than 570 participating employers. HOOPP's membership includes nurses, medical technicians , food services staff, housekeeping staff, and many other people who provide valued healthcare services. In total, HOOPP has more than 350,000 active, deferred and retired members. HOOPP operates as a private independent trust, and is governed by a Board of Trustees with a sole fiduciary duty to deliver the pension promise. The Board has representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU).&nbsp;About Equitable Group Inc. Equitable Group Inc. is a growing Canadian financial services business that operates through its wholly-owned subsidiary, Equitable Bank. Equitable Bank,&nbsp;Canada's&nbsp;Challenger BankTM, has grown to become the country's ninth largest independent Schedule I bank through its proven branchless approach and customer service focus in providing residential lending, commercial lending and savings solutions to Canadians. EQ Bank, the digital banking platform offered by Equitable Bank, provides state-of-the-art digital banking services. The EQ Bank Savings Plus Account reimagines banking for Canadians by offering the functionality of a chequing account to perform daily banking with ease, as well as a great everyday interest rate to help transactional balances grow into bigger savings. From unlimited Interac® e-Transfers and bill payments to payroll deposits and no monthly fees, everyday banking is now a richer prospect for Canadians. Equitable Bank employs over 900 dedicated professionals across the country. For more information about Equitable Bank and its products, please visit equitablebank.ca.&nbsp;For further information, please contact First Gulf Sr. Manager, Marketing, Andy Gibb (agibb@firstgulf.com).

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25 Ontario Street to be known as EQ Bank Tower after major leasing deal

First Gulf and OPTrust are delighted to unveil a groundbreaking video wall at 351 King Street East, officially known as The Globe and Mail Centre.&nbsp;“Together with our partner, OPTrust, we wanted to introduce a truly one of a kind digital art piece in our beautiful lobby at 351 King Street East,” said Roman Brailovski, Vice President of Property Management &amp; Operations at First Gulf. “To that end, we partnered with Forge Media + Design to create something that captures our commitment to innovation and technology as well as progressive design and superior tenant experience. We are extremely proud of the result and believe that it has helped redefine our lobby as a unique landmark within Toronto.”&nbsp;Designed by Forge Media, the 12 screens span 70 feet across the western wall of the lobby, greeting pedestrian traffic as they take their first steps into the building from the Front Street entrance.&nbsp;Laurence Roberts, Founding Principal and Creative Director at Forge Media, stressed that work on the digital art installation took well over a year, adding: “We would like to thank First Gulf and OPTrust for the opportunity to work within this beautiful lobby space at 351 King Street East. The theme of the installation is growth, which has been expressed in two different artworks: ‘Interstitial Space’ and ‘Bloom’. One celebrates the history of Toronto and the important role that its citizens have played in its growth into the vibrant city that we are lucky to live in today, while Bloom presents an idyllic, magical forest-scape to illuminate the importance of maintaining a balance between nature and urban sprawl. We hope that it can bring a little spark of joy to your day when you walk by it.”&nbsp;Rob Douglas, OPTrust’s Managing Director, Real Estate Investments, added: “For OPTrust, real-estate investments like The Globe and Mail Centre support our mission of paying pensions today, preserving pensions for tomorrow. The Globe and Mail Centre is an award-winning property, and this new installation will further enhance the already exemplary tenant experience.”&nbsp;The Globe and Mail Centre is a 500,000 sf LEED® Gold office building that sits within a vibrant hub that is growing in the east end of Toronto’s downtown core. The Coca-Cola Canada headquarters at 333 King Street East was also developed by First Gulf, while construction is underway at The Shift – a 466,000 sf LEED® Gold office building at 25 Ontario Street.&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About OPTrust With net assets of almost $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 95,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.

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Groundbreaking digital art installation unveiled at 351 King Street East

First Gulf and OPTrust are proud to announce that 351 King Street East, officially known as The Globe and Mail Centre, has been distinguished as LEED® Gold by the Canada Green Building Council. The award recognizes First Gulf and OPTrust’s commitment to sustainability and the environment both in the construction and the ongoing management of the base building.&nbsp;The 500,000 sf landmark office building, a partnership between First Gulf and OPTrust – with support from Ecovert Sustainability Consultants – sits within a vibrant hub that is growing in the east end of Toronto’s downtown core. The Coca-Cola Canada headquarters at 333 King Street East was also developed by First Gulf, while construction is underway at The Shift – a 466,000 sf LEED®-Gold office building at 25 Ontario Street.&nbsp;Brian Harrison, Executive Vice President of First Gulf, said: “This award not only recognizes First Gulf’s continued commitment to sustainability, but is testament to the hard work we put in to each and every project. We would like to thank Ecovert Sustainability Consultants for their effort, support and professionalism. The entire team take every single detail seriously to ensure we produce a building we would be proud to call home.”&nbsp;First Gulf places an emphasis during construction on “green building”, whereby as much waste as possible is diverted from landfills, while chemicals and pollutants are managed and controlled. Some of the factors involved in achieving this award at 351 King Street East include:&nbsp;<ul><li>Construction Waste Management &amp; Recycled Content</li><li>Low-Emitting Materials</li><li>Chemical &amp; Pollutant Source Control</li><li>Innovation in Design</li><li>Optimized Energy Performance</li><li>Green Cleaning</li><li>Bicycle storage &amp; changing rooms</li></ul>&nbsp;“As a pension management organization, it is critical that we find income-generating assets that provide stability and security for our members,” said Rob Douglas, Managing Director of Real Estate Investments at OPTrust. “For OPTrust, responsible investing lies in the recognition that environmental, social and governance (ESG) factors can present both challenges and opportunities that span across generations, and we are thrilled that our commitment to sustainability has been recognized in this development.”&nbsp;Upon completion of the structure, which lists The Globe and Mail, Loyalty One and CIBC as key tenants, the Property Management Team have maintained the emphasis on sustainability by introducing “Green Cleaning”, a policy whereby products and equipment used meets the sustainability requirements, reducing the exposure of occupants and maintenance personnel to chemicals.&nbsp;Meanwhile, the overall design of the building – including floor-to-ceiling windows, SMART building technology and bicycle storage facilities – ensures employees enjoy a healthy work environment with fresh air circulation and natural light, with tenants also benefitting from high energy savings in comparison to non-LEED office buildings.&nbsp;"We congratulate First Gulf and OPTrust on the successful LEED Gold certification of 351 King Street East," said&nbsp;Mark Hutchinson, Vice President, Green Building Programs at Canada Green Building Council (CaGBC). "It's heartening when companies align their corporate philosophy with LEED, the globally recognized standard for sustainability in the building industry. By certifying to LEED Gold, First Gulf and OP Trust demonstrates their commitment to creating a healthy, productive, and environmentally responsible work space for their tenants."&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About OPTrust With net assets of almost $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with almost 95,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.&nbsp;About Canada Green Building Council The Canada Green Building Council is a not-for-profit, national organization that has been working since 2002 to advance green building and sustainable community development practices in Canada. The CaGBC is the licence holder for the&nbsp;<a href="https://www.cagbc.org/CAGBC/Programs/LEED/LEED_Canada_Rating_System/LEED_Canada_Rating_System.aspx">LEED green building rating system</a>&nbsp;in Canada and supports the&nbsp;<a href="http://www.cagbc.org/CAGBC/Programs/WELL_Building_Standard/The_WELL_Building_Standard.aspx">WELL Building Standard</a>&nbsp;and GRESB (Global Real Estate Sustainability Benchmark) in Canada.&nbsp;Together with our membership of over 1,200 industry organizations and more than 2,500 individual Chapter members involved in designing, building and operating buildings, homes and communities, the Council has made excellent inroads toward achieving our mission of reducing the environmental impact of the built environment.&nbsp;Since 2005, these LEED buildings have eliminated 2,490,000 CO2e tonnes of GHG emissions annually, diverted nearly 3 million tonnes of waste from landfill, and saved 24 billion litres of water per year, benefiting all Canadians.

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351 King Street East awarded LEED® Gold

First Gulf CEO David Gerofsky recently presented at the Leaders Lounge event, an evening of stories, networking and career advice that places the leaders of tomorrow directly in front of the men and women who help shape our city.&nbsp;The event, a partnership between the Toronto Real Estate Leaders (TREL) and UJA Federation of Greater Toronto, allows exceptional young minds to listen to stories and ask questions of some of the most prominent names in the city’s real estate industry.&nbsp;David Gerofsky, a proud advocate of the event, said: “The UJA Federation of Greater Toronto is an association close to my heart. Not only am I proud to support the organization, but I feel it is important to give back. Those of us in a privileged position need to ensure that the next generation are in the best place possible to carry on the great work to develop our city.”&nbsp;Those who were lucky enough to attend mixed with a host of Presidents and CEOs from real estate developers, private equity firms, investment groups and builders, rotating tables in order to spend a few minutes with each.&nbsp;For more information on the 2019 Leaders Lounge event and to view a full list of the speakers, visit <a href="https://jewishtoronto.com/events/the-leaders-lounge">https://jewishtoronto.com/events/the-leaders-lounge</a>

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First Gulf CEO attends Leaders Lounge event

Cadillac Fairview and First Gulf are pleased to announce that Cadillac Fairview has entered into an unconditional purchase agreement with First Gulf and its partners to acquire 100 per cent ownership of Toronto’s East Harbour project, a 38-acre site three kilometers from the city’s downtown core, with the objective of completing the plan to create a vibrant destination and new eastern commercial core. This transaction is expected to close on September 25, 2019.&nbsp;The vision for this ambitious master-planned commercial hub was conceived by First Gulf and its partners, Cowie Capital Partners Inc. and Northglen Investments. In 2018, Toronto City Council approved the East Harbour Master Plan, which provides for 10 million square feet of commercial development, including office, hotel, retail, institutional, entertainment and cultural space. With the capacity to accommodate over 70,000 employees, future growth potential for the site is supported by a planned multi-modal transit hub incorporating GO Train/SmartTrack services, TTC light rail transit and the future Ontario Line subway.&nbsp;“CF is thrilled to assume stewardship of the East Harbour project and all of the tremendous potential that it represents,” said John Sullivan, President and CEO, Cadillac Fairview. “Our commitment now is to sustain the momentum toward realizing the vision of a vibrant new employment and entertainment destination for Torontonians.”&nbsp;First Gulf CEO David Gerofsky stated “On behalf of First Gulf and our partners, I am extremely proud of how we brought this project to life and established support for it. The shared vision, developed in collaboration with community and government stakeholders, establishes East Harbour as a key driver of economic growth and competitiveness for Toronto. We know the project is in good hands with Cadillac Fairview and we look forward to seeing our collective work realized.”&nbsp;CF has been successful in acquiring and developing lands adjacent to a city’s traditional financial core, seeding investment in high-potential districts. The company has deployed this core-shifting strategy in downtown Toronto by initiating the development of the South Core with a combined five-tower scheme, including Maple Leaf Square, ICE condominiums and the last building, the 16 York Street office building currently under construction. This strategy has been successfully employed in Montreal with the creation of Quad Windsor, CF’s $2 billion development plan, which includes the revitalization of Windsor Station, five residential towers (featuring Tours des Canadiens 1, 2 and 3), and two office towers including Tour Deloitte, which opened in 2015.&nbsp;Mr. Sullivan points out that CF’s role in stimulating economic activity in those hubs is based on a solid understanding of market fundamentals and the need for smart, sustainable development: “The City of Toronto has forecast the need for some 45 million square feet of additional commercial space to accommodate 300,000 employees by the year 2041,” he said. “There are very few development sites in the traditional downtown to absorb this kind of growth and East Harbour is a perfect means to extend the city core.”&nbsp;CF Executive Vice President of Development, Wayne Barwise, sees the project as representing an exciting integration of transit connectivity, smart urban planning, advanced building technologies and environmental sustainability.&nbsp;“Establishing East Harbour as an employment destination with multiple uses and amenities will be based on infrastructure that is well-integrated with its surroundings, well-connected with a range of transport options, resilient to long-term changes in the economy and our climate, and responsive to innovations in building systems technologies,” said Mr. Barwise, who is predicting the development program to span in excess of 10 years.&nbsp;The first phase of the development is the adaptive reuse of the existing Soap Factory building, which is a defining element of the overall plan. Cadillac Fairview is currently in discussions with prospective tenants who have expressed interest in this unique opportunity.&nbsp;As one of largest office complexes in the country, East Harbour’s transit infrastructure will connect to the Lakeshore and Markham/Stouffville GO Train lines that currently travel past the site as well as to the future Ontario Line subway, SmartTrack services and TTC light rail transit. The hub will have the capacity to serve an estimated 32,000 GO patrons per hour and help alleviate bottlenecks at Union Station by providing the potential to meet growing demand.&nbsp;With sustainable innovation and the needs of a knowledge-based workforce guiding the project’s design parameters, CF will create space for an affordable employment incubator for the City of Toronto and provide an estimated 30,000 square feet of space for a non-profit community use.&nbsp;East Harbour also integrates close to nine acres of green space with a network of streets, plazas, sidewalks and open spaces to create an environment where people can relax comfortably and move efficiently. Development plans are based on the latest principles of sustainability and well-being, creating a walkable, bikeable network of paths, bridges and connectivity to public transit.&nbsp;Intelligent building design with smart building strategies will enhance long-term operational efficiency, with LEED and WELL certifications targeted throughout East Harbour. The project will also implement part of the Don Mouth Naturalization project to provide permanent flood protection for the area.&nbsp;About First GulfFirst Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;About Cadillac FairviewCadillac Fairview is one of the largest owners, operators and developers of best-in-class office, retail and mixed-use properties in North America. The Cadillac Fairview portfolio is owned by the Ontario Teachers' Pension Plan, a diversified global investor which administers the pensions of more than 327,000 active and retired school teachers. The real estate portfolio also includes investments in retail, mixed-use and industrial real estate in Brazil, Colombia and Mexico.&nbsp;Valued at around $31 billion, the Canadian portfolio includes over 37 million square feet of leasable space at 68 properties in Canada, including landmark developments, such as Toronto-Dominion Centre, CF Toronto Eaton Centre, CF Pacific Centre, CF Chinook Centre, Tour Deloitte and CF Carrefour Laval.&nbsp;For further information:Carly Eidelman, carly.eidelman@northstrategic.com, 519-502-7806

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Cadillac Fairview purchases East Harbour project from First Gulf

First Gulf and L3 WESCAM recently broke ground on a new 330,000 sf research and development, engineering, assembly and office space at Hwy 5 and Hwy 6 in Hamilton.&nbsp;The new building, located on approximately 18 acres of land, will bring the company’s two Burlington facilities under one roof.&nbsp;L3 WESCAM vice-president and general manager Jacques Comtois said: “We are pleased to announce that L3 will continue to be a part of this region’s economic renaissance and has selected a location that embodies our mission to be the very best of the best in our industry. Hamilton has a rich business legacy of transforming ideas into high-technology products and offers a skilled talent base with a deep knowledge of advanced manufacturing and applied research. We are thrilled to establish our new operations in Hamilton and continue moving forward with our growth plans.”<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/View_Entrance_Opt3_Feb142019_756f2dd262.jpeg"></figure>With 1,200 employees to be based at this facility, L3 WESCAM is a true Canadian success story. L3 WESCAM is a world leader in aerospace, homeland security and defence technologies, products and solutions. Their technologies can be found on more than 200 different platforms across the air, land and maritime domains. One of the key features of this location was the location of the building on the side of the Niagara Escarpment, affording long, unobstructed views from the top of the building in order to test equipment.&nbsp;Their continued growth required a new facility that will see the company return to its Hamilton roots in Q1 2021.&nbsp;<h3>“This is one of the largest corporate head office investments in Hamilton in over a generation. The scale of high-paying jobs, the impressive talent working within the company and the global presence of L3 certainly raise Hamilton’s tech profile significantly on a national and international scale. The company’s sheer presence and global reputation are proof that Hamilton is a home for innovation and can accommodate tech investments of the highest calibre.”</h3>Mayor Fred EisenbergerCity of Hamilton&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/11668_088_ada8ca9f5c.jpeg"></figure>About First GulfFirst Gulf is an award-winning leader in the development of industrial, office, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate.&nbsp;About L3 WescamL3 WESCAM is a world leader in the design and manufacture of stabilized, multi-spectral imaging systems. With headquarters in New York City and approximately 31,000 employees worldwide, L3 develops advanced defense technologies and commercial solutions in pilot training, aviation security, night vision and EO/IR, weapons, maritime systems and space. The company reported 2018 sales of $10.2 billion. To learn more about L3, please visit the company’s website at www.L3T.com.

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First Gulf and L3 WESCAM break ground on 330,000 sf facility in Hamilton

First Gulf CEO David Gerofsky welcomed today’s announcement by Premier Doug Ford of the province’s vision for transportation in the GTA.&nbsp;“We are excited to see the plans for the East Harbour Station and the downtown relief line moving forward and at an accelerated pace,” said Gerofsky.&nbsp;The map unveiled by the Premier this morning includes an East Harbour station that will integrate both subway (Ontario Line) and GO service.&nbsp;“The East Harbour Station helps to unlock a $10 billion private sector investment to develop an employment and business hub just east of downtown that will be home to over 70,000 permanent jobs, and is critical to the development of the entire area,” added Gerofsky, “First Gulf thanks Premier Ford for his government’s commitment to the station and looks forward to working with both the Province of Ontario and the City of Toronto towards starting transit construction this year.”&nbsp;Located on a 62-acre site at the Don Valley Parkway and Lakeshore Boulevard E., East Harbour is the largest planned commercial project in Canada. Creating new employment opportunities and bringing in new cultural venues, shops and restaurants, it will establish a new downtown east for the city. Construction of the project is anticipated to commence this year, with the first building, the Soap Factory, to be completed by 2021.&nbsp;The Province of Ontario news release can be found here: <a href="https://news.ontario.ca/opo/en/2019/04/premier-ford-unveils-transportation-vision.html">https://news.ontario.ca/opo/en/2019/04/premier-ford-unveils-transportation-vision.html</a>&nbsp;For more information on East Harbour, visit <a href="http://www.eastharbour.com">www.eastharbour.com</a>.&nbsp;For more information on this project, contact First Gulf Senior Vice President, Derek Goring (<a href="mailto:dgoring@firstgulf.com">dgoring@firstgulf.com</a>) or Chief Executive Officer David Gerofsky (<a href="mailto:dgerofsky@firstgulf.com">dgerofsky@firstgulf.com</a>)

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First Gulf Welcomes Province’s Transportation Announcement

Premier Doug Ford&nbsp;stressed the importance of private sector investment and thanked&nbsp;First Gulf, as well as the Healthcare of Ontario Pension Plan (HOOPP), for their continued investment in Toronto office developments&nbsp;at the groundbreaking event for The Shift at 25 Ontario Street.&nbsp;Joining First Gulf CEO David Gerofsky and HOOPP CEO Jim Keohane on stage, the Premier acknowledged that “this is a clear indication that&nbsp;Ontario is&nbsp;open for business”, adding:&nbsp;“Having pension plans invest in Toronto instead of other cities — be it New York or London — we want to make sure that we tell any investor, invest in Ontario, invest in Toronto. We have a booming city, we have great people here. We have some of the best and brightest in the entire world.”&nbsp;“David, thank you for contributing. It is absolutely critical that we continue to have a vibrant downtown and employ people. As you can see, condos are going up every single day, those people need a place to work.”&nbsp;The Shift is a joint-venture between First Gulf and HOOPP which will add over 460,000 sf of office space and 4,000 jobs to a thriving business node in Toronto’s downtown East that is already home to The Globe &amp; Mail Centre,&nbsp;the Coca-Cola building at 333 King Street East, George Brown College and Scotiabank’s Digital Factory. With a further 500,000 sf planned at 200 Front Street and the 70-acre, 10 million sf development at East Harbour, 25 Ontario is the next step in First Gulf’s continued commitment to major new cutting edge work spaces in Toronto’s East Core.&nbsp;First Gulf’s David Gerofsky stressed the importance of the new transit hub at East Harbour to future economic development and job growth in the City of Toronto, with Premier Ford echoing those sentiments.“Transit is going to be critical,” said Ford. “Not only for this but for your other developments. I can tell you we look forward to working hand-in-hand with Mayor John Tory to make sure that we get the City moving again.”&nbsp;<h3>“Having pension plans invest in Toronto instead of other cities — be it New York or London — we want to make sure that we tell any investor, invest in Ontario, invest in Toronto. We have a booming city, we have great people here. We have some of the best and brightest in the entire world.”</h3>Doug FordPremier, City of Toronto&nbsp;First Gulf is a proven market leader with more than $4-billion in developed assets. We pride ourselves on our commitment to flexibility and collaboration, working with our clients to exceed their needs at every turn. First Gulf would like to thank the Colliers listing team, as well as their colleagues David Hoffman and Matt Johnson,&nbsp;for their collaboration, hard work and efforts which made this endeavor a true success for all parties involved.&nbsp;For more information on this project, contact First Gulf Sr. Vice President Brian Harrison (416.773.7095, bharrison@firstgulf.com).

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Premier Ford Thanks First Gulf at The Shift Groundbreaking

First Gulf has finalized a lease agreement with Think Research, the leading digital healthcare platform provider&nbsp;set to become the first tenant at&nbsp;The Shift, a new office building&nbsp;at 25 Ontario Street&nbsp;with over 460,000&nbsp;square feet located at Adelaide, just north of King Street East.Think Research’s new 88,000 sf headquarters will retain jobs in the city, and provides this rapidly-growing Toronto-based company with the flexibility to respond to their clients’ needs and continue their growth.&nbsp;“We’re excited to have the opportunity to establish a new headquarters here in Toronto. First Gulf was an essential partner in our search, and we’re proud to be the first tenant in the latest of their much-lauded development projects here in the city,” said Sachin Aggarwal, CEO of Think Research.&nbsp;Prior to Think Research’s occupancy at 25 Ontario, the company will be expanding its office size and temporarily relocating to First Gulf's Globe and Mail Centre at 351 King Street East.Toronto's Downtown East is one of the City's fastest growing districts.&nbsp;With&nbsp;close to one million sf&nbsp;of office and retail space developed by&nbsp;First Gulf at the Coke-Cola building at 333 King Street East and&nbsp;The Globe &amp; Mail Centre, 25 Ontario will target LEED®&nbsp;Gold and add over 460,000 square feet of commercial space to this thriving business node. With a further 500,000 square feet planned at 200 Front and also the 60-acre development at East Harbour, 25 Ontario is the next step in First Gulf’s continued commitment to the east side. Boasting 24 floors of flexible office space, and excellent access to nearby amenities, 25 Ontario Street is the latest in a long line of transit-oriented office projects, and will be a defining piece of the vibrant hub that is growing in the east end of Toronto’s downtown core. Outdoor terrace space, 10’ vision glass, highly-efficient building systems and versatile floorplates are just a few of the building’s features.&nbsp;<h3>We’re excited to have the opportunity to establish a new headquarters here in Toronto. First Gulf was an essential partner in our search, and we’re proud to be the first tenant in the latest of their much-lauded development projects here in the city.</h3>Sachin AggarwalCEO, Think Research&nbsp;First Gulf is a proven market leader with more than $4-billion in developed assets. We pride ourselves on our commitment to flexibility and collaboration, working with our clients to exceed their needs at every turn. First Gulf would like to thank the Colliers listing team, as well as their colleagues David Hoffman and Matt Johnson,&nbsp;for their collaboration, hard work and efforts which made this endeavor a true success for all parties involved.&nbsp;For more information on this project, contact First Gulf Sr. Vice President Brian Harrison (416.773.7095, bharrison@firstgulf.com).

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Think Research Confirmed as Anchor Tenant at Prestigious 25 Ontario Street Development

On Wednesday September 12th, First Gulf CEO David Gerofksy joined a diverse panel of experts to explore the topic of “Technology for Intelligent Cities” at The Globe and Mail’s Innovation Summit.Seated in the 17th-floor Event space of The Globe and Mail Centre, David spoke to how First Gulf integrates the latest technologies for commercial development. Both for individual building performance and experience, such as the The Globe and Mail Centre and 25 Ontario ­– as well as on a district scale, such as at East Harbour­, the company is exploring a number of new opportunities available today.David shared that “We are not in the technology business, but we want to utilize data and technology&nbsp;as tools&nbsp;to create well-designed and comfortable spaces for people.” David spoke to strategies for incorporating autonomous vehicles, the latest in intelligent building interface, automated waste distribution systems and multi modal transportation options. When asked about what the future hold, David responded, “No one has a crystal ball. What we can do is design spaces so that they are flexible enough to change and adapt as we need them to.”See The Globe and Mail’s coverage of the discussion <a href="https://www.theglobeandmail.com/business/article-large-scale-harvesting-of-data-helping-to-create-smart-cities-of/">here</a>.

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Talking Technology for Intelligent Cities

First Gulf’s Globe and Mail Centre was awarded top honours in the category of “Office Development of the Year” at the prestigious 17th&nbsp;Annual NAIOP Greater Toronto Real Estate Excellence Awards on March 22, in Toronto.Located at&nbsp;351 King Street East, the Globe and Mail Centre is a 500,000-sf office landmark, targeting LEED® Gold-Certification&nbsp;and developed through a 50/50 limited partnership between First Gulf and OPTrust, one of Canada’s largest defined benefit pension funds. The development is&nbsp;anchored by the Globe and Mail, pre-leased by Colliers International and designed by Diamond Schmitt Architects.“A great honour for a great building. The win for 351 King Street is a victory for the entire First Gulf team and all of our partners involved”, said John MacNeil, President of First Gulf Corporation.“At OPTrust, real estate investing plays an increasingly important role in delivering our mission; to pay pensions today and preserve pensions for tomorrow”, said Hugh O’Reilly, President and CEO of OPTrust. “I want to congratulate First Gulf and the entire team for their highly collaborative effort on making this project a reality,” O’Reilly added.Working with Colliers International,&nbsp;351 King Street East&nbsp;is fully leased and home to top national tenants such as The Globe and Mail, Loyalty One, Yellow Pages, Economical Inc., Weber Shandwick and Achmea.First Gulf, and financial partner OP Trust, is proud to have also been selected as a NAIOP Greater Toronto REX Awards finalist for “Industrial Development of the Year” for BMW Group Canada’s new 285,000 SF, state-of-the-art regional Distribution Centre located in Mississauga, Ontario, which&nbsp;provides the ideal building and location for BMW’s inbound and outbound logistics, company growth and continued success.For more information on The Globe and Mail Centre and BMW Distribution Centre, please visit the&nbsp;<a href="https://urldefense.proofpoint.com/v2/url?u=http-3A__firstgulf.com_success-2Dstories_&amp;d=DwMGaQ&amp;c=euGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM&amp;r=fLQI1AvQCTFF0rcFgk7u7B9BqMPgR-ca6vgu4RJl4i0&amp;m=AjMkjtKipMFjO9XXwQiVTwTpbWN5xWnvhhvOiF_7c34&amp;s=_9_VjH2DLofmwEbW2E1UjZYa1KC5xCXulz4rCcbKA7w&amp;e=">Success Stories</a>&nbsp;page.&nbsp;About The NAIOP Rex Awards The NAIOP Greater Toronto REX Awards competition is a recognition program that celebrates the achievements of the office, industrial, retail and mixed-use real estate industry in the Greater Toronto Area. The awards criteria focus on results (quality and performance), skills (teamwork, collaboration, innovation and creativity) and values (community and environmental awareness).&nbsp;About First Gulf First Gulf is an award-winning leader in the development of industrial, office, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate.&nbsp;About OPTrust With net assets of over $20 billion, OPTrust invests and manages one of Canada's largest pension funds and administers the OPSEU Pension Plan, a defined benefit plan with over 92,000 members and retirees. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.

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The Globe and Mail Centre Reaches New Heights with “Office Development of the Year” Award

First Gulf’s LEED®&nbsp;Gold-Certified office development 1401 Lawrence in Denver, Colorado has been successfully sold to Heitman LLC – a global real estate investment management firm. This deal is a testament not only to Denver’s strong and attractive office market, but also to the exceptionally-designed, high quality end product that is 1401 Lawrence, thanks to the hard work and dedication of all parties involved.First Gulf commenced development of 1401 Lawrence in 2012, and the building was completed in 2016. The office tower is now a key part of the skyline of Denver’s coveted LoDo District, with top national and international businesses such as Polsinelli, Jagged Peak Energy, CoBiz Financial, Cushman&nbsp;&amp; Wakefield and Firm Space calling it home.Awarded the 2016 NAIOP Colorado “Office Development of the Year”, 1401 Lawrence is a stunningly-designed, AA-Class office building boasting 310,000 sf of premier office space over 22 storeys. It features modern building systems and outstanding on-site amenities, such as a modern and fully-equipped fitness facility, beautiful outdoor terraces and breathtaking views of downtown Denver and the surrounding Rocky Mountains.To learn more about 1401 Lawrence, click <a href="http://firstgulf.com/portfolio/1401lawrence/">here</a>.<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/25ontario_salegraphic_c784b0025e.jpeg"></figure>

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Award-Winning Denver Office Development 1401 Lawrence Sold

Every other year, the City of Toronto presents the Urban Design Awards to acknowledge the significant contribution architects, landscape architects, urban designers, artists, design students, and city builders make to the look and livability of our city. Earlier this month, 619 Queen Street West received a 2017 Toronto Urban Design Award of Merit.Working as the General Contractor on this project, First Gulf worked with designers, architects, and engineers to successfully recreate the façade of 619 Queen Street West, a heritage building in Toronto’s popular Queen West neighborhood (the original building was damaged in a 2008 fire). This project presented a unique approach to Queen Street’s Heritage Conservation guidelines: upon the façade of the building’s sleek perforated stainless steel panels, the image of the previous building was composed, paying homage to the site’s past while maintaining an impressive, contemporary aesthetic.First Gulf worked with Quadrangle Architects, the project architect for both the base building and the tenant fit-outs, to achieve the impressive exterior façade which is simultaneously unique and modern while maintaining aesthetic consistency within the historical neighbourhood.&nbsp;Read More about 619 Queen’s Award <a href="http://firstgulf.com/wp-content/uploads/2017/10/TUDA-AWARD-619_QUEEN.pdf">here</a>.Watch a short video on the building <a href="https://www.youtube.com/watch?v=2IbI5NGf7Jo">here</a>.

Construction is underway at First Westlake Logistics Park

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