CENTREFUND REALTY CORPORATION ANNOUNCED THE ACQUISITION OF THE TILLSONBURG TOWN CENTRE.TORONTO--(BUSINESS WIRE)--DECEMBER 13, 1994--CENTREFUND (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CFE) Centrefund Realty Corporation announced today that it has completed the acquisition of the 150,000 square foot Tillsonburg Town Centre currently anchored by a Canadian Tire store and a Loeb food supermarket. This shopping centre will be expanded by 100,000 square feet to include a new 80,000 square foot Zellers department store as a third anchor. The expansion which is expected to be completed in late summer 1995 will significantly increase the shopping centre's regional draw. This property, which was under contract to Hammerson Canada Inc., was acquired from Sifton Properties Limited of London, Ontario. The equity component of the acquisition, as well as the cost of the expansion will be financed from the Company's undrawn un·draw tr.v. un·drew , un·drawn , un·draw·ing, un·draws To draw to one side, as a curtain. Adj. 1. undrawn - not represented in a drawing undelineated - not represented accurately or precisely lines of credit. Centrefund is engaged in the acquisition and ownership of retail shopping centres and, with the completion of the previously announced acquisition of North American Realty Corporation, will own 12 shopping centres containing 1,855,000 square feet of gross leasable area Gross leasable area (GLA) in the retail development industry is a term applied to shopping malls, lifestyle centers, outlet malls and other retail centers to indicate the amount of floor space available to be rented. located in Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . CONTACT: Peter F. Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male.
President and Chief Executive Officer
(416) 515-1400
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