Calloway Real Estate Investment Trust

Calloway Real Estate Investment Trust

June 12, 2012 13:35 ET

Calloway REIT Appoints En-Pro for its Energy Procurement Needs

TORONTO, ONTARIO--(Marketwire - June 12, 2012) - Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) announced today that after an extensive review and search process, it has engaged En-Pro International Inc. for energy procurement for its portfolio of SmartCentres across Canada.

This strategic partnership will provide Calloway and its Tenants with savings in the cost of energy by using En-Pro's energy procurement, price hedging and energy management services. "Controlling costs and mitigating risks associated with the volatile energy markets are paramount to achieving stable budgets and the lowest possible utility costs," said Anthony Facchini, Calloway's Vice President of Operations.

"We are honoured to partner with Calloway REIT to help develop sustainable and innovative energy strategies that will reduce and control the cost of natural gas and electricity at their multi-locations, which savings are estimated to exceed $1 million. Our partnership will further benefit Calloway and their Tenants, as we provide comprehensive information and strategies for their energy procurement and protect Calloway and its Tenants from volatility while mitigating risks in the constantly changing energy markets," said En-Pro Vice President and Sr. Analyst, John Kiemele.

About Calloway

Calloway is one of Canada's largest real estate investment trusts with an enterprise value of approximately $6 billion. It owns and manages approximately 26 million square feet in 118 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit

About En-Pro

Established in 1985, En-Pro helps companies receive the best available prices for their energy and commodities at all times. En-Pro's team of Petroleum Analysts and Energy Cost Advisors work with businesses in a variety of sectors to develop strategies for their energy procurement. En-Pro specializes in the areas of electricity, natural gas, petroleum distillates, lubricants, industrial gases, welding supplies, chemicals, and waste disposal services. En-Pro is an independently owned company and does not buy or sell energy or industrial products and is not connected to suppliers or marketers. For more information on En-Pro, visit

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