Canderel Management Inc.

Canderel Management Inc.

June 21, 2012 11:39 ET

1075 Bay Street Awarded BOMA BESt, Level 2 Certification

TORONTO, ONTARIO--(Marketwire - June 21, 2012) - Canderel is proud to announce that 1075 Bay Street, located in Toronto, has received BOMA BESt, Level 2 Certification. This achievement means that the property met all of the BOMA Go Green Best Practices and received a score of 70-79% on the Go Green Plus assessment.

Attaining BOMA BESt, Level 2 Certification speaks to the work that Canderel has undertaken to implement effective environmental management practices at 1075 Bay Street. As a result of the initiatives undertaken in recent years, annual energy use, adjusted for changes in weather, was reduced by 10% against a 2008 baseline, and water use over that same period was reduced by more than 6%.

Energy efficiency measures implemented at 1075 Bay Street include an office and parking garage lighting retrofit, the implementation of lighting automation and adjustments to the heating, ventilation and cooling system (HVAC) schedules. Initiatives undertaken to reduce water consumption include the installation of low-flow auto-flush toilets and auto-sensor faucets throughout the building. 1075 Bay Street also offers an office recycling program which includes electronic waste.

ABOUT CANDEREL

The Canderel Group of Companies is comprised of several fully integrated commercial real estate companies. Canderel has grown to become one of the most successful real estate development and management organizations in Canada. Founded by Jonathan Wener, Canderel has established an enviable reputation for its integrity as a major real estate development company and for its sound judgment and knowledge of the commercial, multi-residential and industrial real estate business.

Over the years, Canderel has been intimately involved in all aspects of residential and commercial property development and management within its core markets: Montreal, Toronto, Ottawa and Vancouver. Canderel's success to date is largely a reflection of its unique ability to direct all facets of real estate projects, either on its own behalf, for its clients, or in joint venture with partners.

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