League Assets Corp.

League Assets Corp.

December 03, 2010 14:06 ET

League Assets Granted Permit for Colwood City Centre Project

VICTORIA, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2010) - League Assets announced today it has received a provisional development permit from the City of Colwood for its Colwood City Centre Development.

"This is a major milestone for our investors," said Adam Gant, Founding Partner of the League Group of Companies. "This development permit allows us to file a disclosure statement and set the stage for the sale of residential condominiums. There's no stopping us now."

Condominium sales will begin in February 2011, he said.

Colwood City Centre will serve as a new urban hub for the western communities of the Victoria region. With a construction horizon of 15 to 20 years, the project will be built in phases. With at least half the buildings featuring "green" roofs, the complex is designed with an eye towards eventual LEED (Leadership in Energy and Environmental Design) certification. It will also be built to strict 2010 seismic standards.

"This project marks a defining moment for League," said League's other Founding Partner, Emanuel Arruda. "A monumental project like this not only showcases League's capabilities, it also exemplifies our commitment to creating sustainable communities, but it will also help showcase the Victoria region."

League currently has about $600 million in assets under management, with total build-out value of some $2 billion. This includes the IGW REIT, a $230 million Real Estate Investment Trust that is comprised of a portfolio of Canadian commercial, industrial and residential properties, as well as a number of individual Limited Partnerships. League finds, acquires, improves and operates these properties on behalf of more than 2,500 Member-Partner investors. Investor candidates and interested members of the public are invited to learn more by requesting a free copy of League's "Blue Book of Real Estate Syndication" from it's website at www.league.ca.

This document is for information purposes only and is not an offer to sell or a solicitation of an offer to purchase securities. Only persons who satisfy an exemption from the prospectus and registration requirements may invest in this project. In general this means that you must either be an accredited investor or invest a minimum of $150,000.

There are risks associated with this investment, some of which are set out in the subscription agreement. You are encouraged to read such document, as well as the limited partnership agreement, before making your investment decision.

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