KingStreet Purchases New Format Retail Power Centre in BC

On December 7, 2005, KingStreet Real Estate Growth LP No. 2 acquired from Millstream Village Development Corp. approximately 891,000 square feet in Langford, British Columbia for an undisclosed price, and entered into a strategic relationship with Millstream Village Development and Vancouver Pacific Development Corp. for the construction of an approximately 267,000 square foot retail complex.

Peter Aghar and Joe Mazzocco of KingStreet led the transaction. KingStreet was represented by Simon Crawford of Bennett Jones LLP, and by Gordon Love of Farris, Vaughan, Wills & Murphy LLP in British Columbia. Manitoba limited partnership legal services were provided to KingStreet by Roger Gripp of D'Arcy & Deacon LLP.

Millstream was represented by Peter Nikolich of Armstrong Nikolich, and Vancouver Pacific was represented by Stuart Wells of Clark Wilson LLP.

David Hamilton and Christopher Alam of Gowling Lafleur Henderson LLP represented Royal Bank of Canada, the acquisition and project lender, and the arranger, RBC Capital Markets.
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