Anthem Properties Group Ltd.



Anthem Properties Group Ltd.

December 05, 2013 11:00 ET

Anthem Properties Acquires Two New Retail Centres in British Columbia and Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2013) - In September 2013, Anthem acquired a collection of four buildings in the heart of historic, downtown Chemainus, BC. The buildings feature a 12,000 sf Chemainus Foods Store, a new 8,800 sf Rexall store, a BC Liquor Store, the regional Library and several enticing local merchants serving the local community as well as an extraordinary number of seasonal visitors. This will be Anthem's fourth acquisition in BC over the past 18 months.

On November 30, 2013, Anthem acquired the English Estates Shopping Centre, a 65,000 sf grocery anchored neighborhood shopping centre fronting on Highway 2A, in Lacombe, Alberta. The Co-Op grocery store is complemented by Co-Op liquor store and gas bar, a Pharmasave drug store, Boston Pizza and other national, regional and local tenants.

Bill Kennedy, Executive Vice President, Investments of Anthem Properties says, "We are really pleased to be expanding our retail network into both Chemainus and Lacombe. Chemainus will be a great addition to our Island portfolio which is composed of unique properties including the historic Market Square in downtown Victoria. In Alberta, we have retail, residential and office properties in Edmonton, Calgary, Hinton, and Lethbridge. Lacombe is a demographically impressive community in central Alberta with excellent growth prospects and English Estates is at its centre."

About Anthem Properties:

Anthem Properties is a 150-person real estate investment, development and management company operating in Western Canada, headquartered in Vancouver, B.C. The Anthem portfolio is currently comprised of over 3.5 million square feet of commercial space, 40 acres of urban and suburban land held for future development, and approximately 3,500 residential condominium units either in the design development stage or under construction. Anthem has invested in, developed, and/or managed, alone or in partnership, over 210 projects, in virtually all asset classes, with a cumulative historical value of approximately $2.5 billion. For further information, please visit the Company's web site at anthemproperties.com.

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