Edmonton Arena District Joint Venture Announces RBC Dominion Securities as Major Tenant of Edmonton Tower

EDMONTON, ALBERTA--(Marketwired - May 13, 2015) - The EAD Joint Venture announced today that RBC Dominion Securities (RBC DS) will become a major tenant of Edmonton Tower. RBC DS, a part of RBC Wealth Management Canada, is scheduled to occupy two floors of the 27 storey tower in 2018.

"We're privileged to have a respected Canadian organization like RBC Dominion Securities occupy a significant portion of the Edmonton Tower," said Glen Scott, Senior Vice President Real Estate, Katz Group. "The Tower is an important element of the EAD and it is exciting to see respected, known brands like RBC DS committing to the District."

Set to open in fall 2016, the Edmonton Tower is a state-of-the-art, 27 storey structure that is an integral component of the Edmonton Arena District. Located at the corner of 101^st St. and 104^th Ave., the Tower is being built to LEED Gold standards and is currently 80 per cent leased with the City of Edmonton as its anchor tenant.

"RBC Dominion Securities is proud to be a part of the evolving landscape of downtown Edmonton," said David Agnew, CEO, RBC Wealth Management Canada. "The Edmonton Tower is a world-class facility with a central location ideal for our customers, employees, and partners. We're excited to begin serving our valued clients from our new space."

"The Edmonton Arena District is raising the bar for development in Canada and boasting sustainable features, modern aesthetics, and appealing architecture, the Edmonton Tower is no exception," said Darren Durstling, President and CEO of WAM Development Group. "We're delighted to see businesses planning to move into this building and contributing to the vibrant community being created in downtown Edmonton."

In addition to office space, the EAD will offer retail, residential, hotel and entertainment options, providing an exciting and dynamic community in the heart of downtown Edmonton.

For more information and updates on the Edmonton Arena District, visit ead.ca.

ABOUT THE EDMONTON ARENA DISTRICT

The Edmonton Arena District (EAD) will be Canada's largest mixed-used sports and entertainment development - a dynamic, urban destination that will help transform and revitalize downtown Edmonton into a world-class destination where Edmontonians and visitors will come to live, work, and play. Anchored by a vibrant public plaza and Rogers Place, the EAD will feature a four-star hotel, two office towers, condominiums, rental apartments, a premium Cineplex movie complex and the Grand Villa Edmonton Casino. In addition, the EAD will offer a variety of retail options, boutique shops, restaurants and nightlife, as well as a grocery store and Rexall pharmacy. Under development by a joint venture between Katz Group and WAM Development Group, the EAD will become a place for all to gather, create, and share memories that is true to Edmonton's character and unlike anything in North America.

ABOUT RBC WEALTH MANAGEMENT

RBC Wealth Management is one of the world's top five largest wealth managers*. RBC Wealth Management directly serves affluent, high-net-worth and ultra-high net worth clients globally with a full suite of banking, investment, trust and other wealth management solutions, from our key operational hubs in Canada, the United States, the British Isles, and Asia. The business also provides asset management products and services directly and through RBC and third party distributors to institutional and individual clients, through its RBC Global Asset Management business (which includes BlueBay Asset Management). RBC Wealth Management has more than C$767 billion of assets under administration, more than C$480 billion of assets under management and approximately 4,400 financial consultants, advisors, private bankers, and trust officers. For more information, please visit www.rbcwealthmanagement.com.

*Scorpio Partnership Global Private Banking KPI Benchmark 2014. In the United States, securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada. Member NYSE/FINRA/SIPC.

ABOUT RBC

Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.

RBC supports a broad range of community initiatives through donations, sponsorships and employee volunteer activities. In 2014, we contributed more than $111 million to causes worldwide, including donations and community investments of more than $76 million and $35 million in sponsorships.