Press Releases

FIRST CAPITAL REALTY LISTS 30 GREEN DEVELOPMENT PROJECTS UNDERWAY FOR LEED CERTIFICATION

October 10, 2007

Toronto, Ontario (October 10, 2007) First Capital Realty Inc. (“First Capital Realty”) (TSX: FCR) Canada’s leading owner, developer and operator of supermarket-anchoredneighbourhood and community shopping centres, located predominantly in growing metropolitan areas, today announced a list of 30 development projects currently underway, or in the planning stages of development that are being built according to LEED (Leadership in Energy and Environmental Design) certification standards.

“We are proud to be the first shopping centre company in Canada to fully commit to green development,” commented Dori J. Segal, President and CEO of First Capital Realty. “At our Annual Shareholders’ Meeting in May 2006 we committed that all of our future development projects would be green, and we are making significant progress in this area. Many of our major tenants in these projects are also planning their new facilities to meet LEED certification standards.”

The following is a list of First Capital Realty’s green projects currently under development or in the planning stage of development:

ONTARIO

Brampton McVean

Brampton

Brantford Mall (Phase 2)

Brantford

Eagleson Place

Ottawa

Grimsby Square Shopping Centre

Grimsby

Hunt Club Place

Ottawa

Morningside Crossing

Toronto

Pergola Commons

Guelph

Rutherford Market Place

Vaughan

Shoppes on Dundas

Oakville

Shops at King Liberty (Barrymore Building)

Toronto

Steeple Hill Shopping Centre (Phase 2)

Pickering

Westney Heights Plaza (Phase 2)

Ajax

 

QUEBEC

Centre Commercial Beaconsfield

Beaconsfield

Carrefour Charlemagne (Phase 2)

Montreal

Carrefour St-David (Phase 2)

Quebec City

Carrefour St-Hubert

Longueuil

Carrefour du Versant West (Phase 2)

Gatineau

Carrefour du Plateau - des Grives

Hull

Faubourg des Prairies

Montreal

 

ALBERTA

Fairmount Shopping Centre

Calgary

McKenzie Towne Centre (Phase 2)

Calgary

Towerlane Mall buildings 5, 6 and 7

Airdrie

West Lethbridge Towne Centre (Phase 2)

Lethbridge

Dickson Trail Crossing

Airdrie

 

BRITISH COLUMBIA

1331 Main Street

North Vancouver

Broadmoor Shopping Centre

Richmond

Langley Crossing Shopping Centre (Phase 2)

Langley

Port Place Shopping Centre

Nanaimo

South Fraser Gate

Abbotsford

Time Marketplace (Phase 2)

Vancouver

 

“First Capital Realty is to be commended on its decision to make all new development LEED certifiable,” said Michael Brooks, Executive Director of REALpac (the Real Property Association of Canada), Canada’s premier national industry association for investment real property leaders. “REALpac is encouraging property owners, managers and developers to adopt green building practices, such as the construction of LEED certifiable buildings and the management of existing portfolios to LEED or equivalent standards. We are pleased with First Capital Realty's initiatives in this space.”

LEED Certification

The LEED rating system is the internationally accepted benchmark for the design, construction, and operation of high performance green buildings.

Achieving LEED certification is the leading way for organizations to demonstrate that their building project is truly green. The certification promotes a whole-building approach to sustainability by recognizing performance in five key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.

 

ABOUT FIRST CAPITAL REALTY (TSX:FCR)

First Capital Realty is Canada’s leading owner, developer and operator of supermarket- anchored neighbourhood and community shopping centres, located predominantly in growing metropolitan areas. The Company currently owns interests in 163 properties, including 6 under development, totalling approximately 19.1 million square feet of gross leasable area and 12 land sites in the planning stage for future retail development. In addition, the Company owns 14 million shares of Equity One (approximately 19%), one of the largest shopping centre REITS in the southern U.S., that trades on the New York Stock Exchange under the ticker symbol EQY. Including its investments in Equity One, the Company has interests in 340 properties totalling approximately 37.2 million square feet of gross leasable area.

 

For further information:
Dori J. Segal, President & C.E.O., or
Karen H. Weaver, C.F.O.
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

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