Anthem Properties Group Ltd.

Anthem Properties Group Ltd.
Kimco Realty Corporation
NYSE : KIM

Kimco Realty Corporation

December 01, 2011 20:11 ET

Anthem Properties Group and Kimco Realty Corp. are Pleased to Announce Another Retail Centre Acquisition in Chilliwack, BC

CHILLIWACK, BRITISH COLUMBIA--(Marketwire - Dec. 1, 2011) - Today, a joint venture between Anthem Properties Group Ltd. and Kimco Realty Corporation (NYSE:KIM) acquired Salish Plaza, an 87,730 square foot neighbourhood shopping centre located at the corner of Yale Road and Princess Avenue in the heart of Chilliwack, BC for $20,600,000. Anchored by a 59,000 square foot PriceSmart food store and a Liquor Distribution Branch, this centre is a good fit for the expanding Anthem/Kimco portfolio which includes 18 income producing retail properties.

Originally completed in 1988, and extensively renovated in 2008, the centre is also home to a variety of national, regional and local merchants who offer a broad array of goods and services to the community.

About Anthem Properties:

Anthem Properties is a 100-person real estate investment, development and management company operating in Western Canada, headquartered in Vancouver, B.C. The group principally pursues retail and multi-family residential asset classes. The Anthem portfolio is currently comprised of 3.5 million square feet of retail, 50 acres of urban and suburban land held for future development, and approximately 1,000 residential condominium units under construction. For further information, please visit the Company's web site at www.anthemproperties.com.

About Kimco

Kimco Realty Corporation, a real estate investment trust (REIT), owns and operates North America's largest portfolio of neighborhood and community shopping centers. As of September 30, 2011, the Company owned interests in 940 shopping centers comprising 138 million square feet of leasable space across 44 states, Puerto Rico, Canada, Mexico and South America. Publicly traded on the NYSE under the symbol KIM and included in the S&P 500 Index, the Company has specialized in shopping center acquisitions, development and management for 50 years. For further information, visit the Company's web site at www.kimcorealty.com.

Contact Information