WAM Development Corporation

May 26, 2011 09:00 ET

WAM Development Group Announces Next Building in Stoney Industrial Centre

CALGARY, ALBERTA--(Marketwire - May 26, 2011) - WAM Development Group, a North American leader in commercial real estate development, in partnership with Alberta Investment Management Corporation (AIMCo), one of Canada's largest institutional investment managers, is pleased to announce that it has begun construction of Stoney Industrial Centre's next building – Stoney Warehouse 4. The building is designed not only to satisfy the market's latest requirements, such as maximum loading capabilities using the most efficient mechanical systems, but is also registered to be a LEED® (Leadership in Energy and Environmental Design) certified candidate. Once complete, and upon anticipated certification, Stoney Warehouse 4 will be the largest LEED® certified industrial building in Canada.

Stoney Warehouse 4 is the fourth installation of six buildings, bringing current construction of the centre to well over 1.5 million square feet. Projected to be complete by Q4, the warehouse will be an impressive 436,000 square foot distribution facility. With 32 foot clearance and increased floor capacity, the building has been designed for heavy distribution volumes, and incorporates the latest innovations for high volume shipping and receiving, and includes a significant amount of on-site trailer storage.

"At WAM, we understand that tenants are increasingly budget oriented. While looking to improve productivity, pressure is simultaneously placed on reducing operating costs," said Darren Durstling, Partner, WAM Development Group. "Our sense is that not only are tenants looking for ways to make their core operation cost effective, they are realizing that the whole environment in which they operate can be made more environmentally sustainable."

In today's evolving stewardship of corporate responsibility, tenants are increasingly realizing the financial and operating benefits of conducting their business in a sustainable manner. LEED® structures are internationally recognized, high performance buildings, registered under the Canadian Green Building Council, and offer tenants the reliability of third party verification.

LEED® buildings are built using advanced construction techniques and materials designed to improve a building's operational performance while reducing its environmental footprint. Benefits include: energy savings, water efficiency, CO2 emissions reduction, improved indoor environmental quality, and resource controls during construction.

"As a partner in this development, we are thrilled to pioneer the construction of a building registered to be LEED® certified. We are proud to offer tenants the opportunity to participate in environmental leadership and innovation, and be recognized as a socially responsible organization." said Leo de Bever, CEO of AIMCo.

Stoney Industrial Centre is the first phase of the massive StoneGate Landing project, with Stoney Warehouse 4 representing the largest addition of the phase. Upon completion StoneGate Landing will provide over 10 million square feet of industrial space, up to 1.5 million square feet of retail space, and the opportunity for suburban campus office buildings and hotels of over two million square feet.

Stoney Industrial Centre offers new and existing Calgary industrial tenants state of the art industrial warehousing in an optimal distribution and warehousing location in Northeast Calgary. The Centre is in close proximity to the Calgary International Airport, the new CN Intermodel Terminal, as well has convenient access to Deerfoot Trail, Stoney Trail and other major transportation routes.

Expanding residential developments nearby, such as Sky View Ranch, will also benefit from the one-stop convenience of StoneGate Landing with shopping amenities, entertainment venues, hospitality services and office space. StoneGate Landing is forecast to complete construction by 2021.

For more information, visit www.stonegatelanding.ca.

ABOUT WAM DEVELOPMENT GROUP

Established in 1987, WAM Development Group is committed to the business of real estate, with emphasis on the acquisition, leasing, management, development and sale of quality commercial and retail properties. For more than 20 years, the WAM Development Group has been pursuing real estate opportunities throughout Western Canada and the Southern United States. The WAM Development Group is headquartered in Edmonton, Alberta, Canada. For more information, please visit www.wamdevelopment.com.

ABOUT AIMCo

Alberta Investment Management Corporation (AIMCo) is one of Canada's largest and most diversified institutional investment managers, with an investment portfolio of approximately $71 billion. AIMCo was established as a crown corporation on January 1, 2008 with a mandate to provide superior long-term investment results for its clients. AIMCo invests globally on behalf of 26 pension, endowment and government funds in the Province of Alberta. For more information about AIMCo, visit www.aimco.alberta.ca.

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