Search Results

Atrium joins Enwave’s Deep Lake Water Cooling system, reducing emissions and advancing KingSett’s sustainability and decarbonization strategy Atrium, a 1 million square feet Class A office and retail complex in Toronto, is now connected to Enwave’s Deep Lake Water Cooling (“DLWC”) system, as part of KingSett’s broader sustainability and decarbonization efforts. By using cold water from Lake Ontario, the system provides efficient, low-carbon cooling, significantly reducing the building’s energy use and greenhouse gas emissions. As the largest system of its kind in the world, DLWC serves much of downtown Toronto, including other KingSett-owned properties such as Fairmont Royal York Hotel, 700 Bay St. and 77/99 Gerrard St. This connection supports not only KingSett’s Sustainable Investing Strategy but also contributes to the city’s broader climate action goals by helping lower the carbon footprint of Toronto’s building stock.

Ranked first in North America and first globally KingSett Capital is pleased to announce that it has achieved global leader recognition in the 2022 Global Real Estate Sustainability Benchmark (“GRESB”) Assessment for the second year in a row. In the GRESB report released October 18, 2022, KingSett ranked first in North America and first globally, advancing the firm’s sustainability leadership status in real estate. “KingSett has been a proud participant in the GRESB Survey since 2015, and we continue to lead the commercial real estate market and out-perform our previous achievements,” said Jon Love, CEO of KingSett Capital. “We are grateful to our people, partners and customers who helped make this achievement possible. We are committed to our sustainability strategy and continue to expand our efforts and ambitions, seeking to make an impact and build long-term value for all our stakeholders and communities.” In the 2022 GRESB report, KingSett achieved a Five Star Rating for the fifth year in a row; KingSett ranked first in its peer group for the third year in a row; and it ranked first globally within its peer group of non-listed core funds for the second year in a row. KingSett also ranked first in Canada and first across the Americas in the Developments Benchmark, leading all companies who participated in the benchmark in these regions. 1st Globally: Diversified Office / Residential / Non-Listed / Core 1st in its Regional Sector: Diversified Office / Residential / Americas 1st in its Peer Group: Office / Residential / Core A copy of the 2022 GRESB report is available at www.gresb.com . About GRESB Global Real Estate Sustainability Benchmark Report (“GRESB”) is the global industry standard for ESG benchmarking. It assesses and compares the management attributes and performance across real estate companies (public, private and direct) globally. GRESB collects information on material ESG issues aligned with what investors and the industry care about. In 2022, GRESB represented over 1,820 funds/firms reporting on US $8.6 trillion AUM.

TORONTO, April 21, 2022 (GLOBE NEWSWIRE) -- The Multiple Sclerosis Society of Canada is pleased to introduce the MS Million Dollar Tower Challenge, a breathtaking new event with the goal of raising $4 million for critical multiple sclerosis (“MS”) research initiatives in Canada. The Tower Challenge, sponsored by KingSett Capital to celebrate the firm’s 20th anniversary, will see fundraisers rappel from the rooftop of 700 University Avenue in downtown Toronto on May 9, 10 and 11, 2022. To donate to the MS Million Dollar Tower Challenge and support the participants as they take the leap for MS on May 9 to 11, please visit: www.mstowerchallenge.ca . Funds raised by the Tower Challenge, which have already surpassed $3 million to date, will contribute to the MS Acts of Greatness campaign, a bold vision to raise $75 million, accelerate the pace of MS breakthroughs in Canada and empower people living with MS to live their best lives. The event will see over 140 participants across approximately 30 teams take the leap for MS. The fundraising teams include KingSett Capital employees, KingSett Advisory Board members, and the firm’s business partners, as well as members of the Canadian MS community. “I am thrilled by the tremendous support the MS Million Dollar Tower Challenge has received from our friends, colleagues, business partners, and members of the MS community,” said Jon Love, CEO of KingSett Capital. “Like many others across Canada, this is a personal cause for my family. Our son Jason was diagnosed with MS 11 years ago. While he is doing well, the experience focused our family’s attention on fighting this disease, which impacts more Canadians per capital than anywhere else in the world. I will proudly be one of the first off the side of 700 University in May.” “The MS Society is honoured to collaborate with Jon, his wife Nancy, and the team at KingSett to create this inspiring event as part of our Acts of Greatness Campaign,” said David White, Vice President of Philanthropy, MS Society of Canada. “Thanks to the generous support of KingSett, all proceeds from the MS Million Dollar Tower Challenge will go directly to accelerating research and enhancing the quality of life of those affected by MS. Based on the incredible support we’ve received so far, I am confident it will move us closer to finding a cure for this complex and unpredictable disease.” Founded in 2002, KingSett Capital has grown to be Canada’s leading real estate private equity investment business with assets approaching $20 billion. The KingSett platform includes the ownership of 700 University. In 2023, 700 University will undergo a substantial repositioning, including a revamped retail base, the addition of four floors of new Life Science office space added to the top of the office tower, and the addition of a 56-storey purpose built rental residential tower. About KingSett Capital KingSett Capital is Canada's leading private equity real estate investment firm. Founded in 2002, KingSett has raised $13.4 billion of equity for its Growth, Income, Urban, Mortgage and Affordable Housing strategies, executing over $50 billion in transactions life to date. Currently, KingSett has $17 billion of assets under management in a $19 billion portfolio. KingSett continues to seek further opportunities to invest in a wide range of real estate properties, developments, joint ventures and mortgage lending. About multiple sclerosis and the MS Society of Canada Canada has one of the highest rates of multiple sclerosis (“MS”) in the world. On average, 12 Canadians are diagnosed every day. MS is a chronic autoimmune disease of the central nervous system (brain, spinal cord). It is considered an episodic disability meaning that the severity and duration of illness and disability can vary and are often followed by periods of wellness. It can also be progressive. Most people are diagnosed with MS between the ages of 20 and 49 and the unpredictable effects of the disease will last for the rest of their lives. The MS Society provides information, support and advocacy to people affected by MS, and funds research to find the cause and cure for the disease, bringing us closer to a world free of MS. Please visit mssociety.ca or call 1-800-268-7582 for more information, to get involved, or to support Canadians affected by MS by making a donation.

Investment poised to transform Toronto’s landmark hotel into a sustainability leader within the hospitality industry (Toronto, ON) October 7, 2022 – The Canada Infrastructure Bank (“CIB”), Fairmont Royal York and KingSett Capital today announced an agreement which will see the CIB finance $38 million toward significant energy retrofits at the landmark hotel. The CIB’s financing will help Fairmont Royal York become a leader in sustainable accommodations. The hotel, which first opened in 1929, will target a zero-carbon balance and pursue the Canada Green Building Council’s Zero Carbon Building Standard Certification in 2023. The investment will result in a significant reduction in carbon emissions, with the aim of reducing the iconic hotel’s emissions by over 80 percent. “The CIB’s investment solution will help decarbonize a historic Canadian landmark, paving the way forward for future green retrofits within the hospitality sector,” said Ehren Cory, CEO, Canada Infrastructure Bank. “Our partnership with KingSett Capital enables a greener tourism economy and we stand ready to develop more innovative investments, accelerate projects and help meet climate change targets.” To date, the CIB has committed more than $800 million toward building energy retrofits. The financing will help cover upfront capital costs of the retrofits to enable the decarbonization of the hotel. “We are proud to be partnering with the CIB to fund the decarbonization of the iconic Fairmont Royal York,” said Jon Love, CEO, KingSett Capital. “This initiative, made possible by the CIB, adds strength and resilience to one of our core assets and advances KingSett’s sustainability strategy. We are focused on setting meaningful reduction targets, executing decarbonization programs for our core assets and, most importantly, doing what is right for our stakeholders and the environment.” Fairmont Royal York, part of world-leading hospitality group Accor, is committed to taking a leading role in the travel industry’s sustainable development. This large-scale initiative marks a new era in the hotel’s legacy as one of Toronto’s most renowned destinations with more than 1.5 million annual visitors. “Fairmont has a longstanding history of environmental stewardship, and this important effort is a transformative step in the hotel’s journey toward minimizing climate change and reinforcing our pledge to our planet. We are fortunate to have steadfast partners that share our commitment to environmental sustainability, as well as our enthusiasm for ushering in the next chapter in hospitality,” said Edwin Frizzell, Regional Vice President, Accor Central Canada and General Manager, Fairmont Royal York. “With the travel industry’s vibrant recovery came an increased expectation around sustainability, and it is our responsibility to continue to embrace impactful sustainability practices that reduce our environmental footprint and contribute to a better future for all.” The financing is expected to close in late 2022. Quick Facts: According to the Hotel Association of Canada, prior to the COVID-19 pandemic, the accommodations industry generated nearly $22 billion in revenue annually and employed over 300,000 people. Fairmont Royal York is one of two hotel properties owned by KingSett Capital-managed funds. The CIB seeks to invest up to $5 billion in green infrastructure which supports climate change action and sustainable economic growth. The CIB’s investments are subject to approval by its Board of Directors. About KingSett Capital KingSett Capital is Canada’s leading private equity real estate investment firm. Founded in 2002, KingSett has raised $15.4 billion of equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies, executing over $50 billion in transactions life to date. Currently, KingSett has $17 billion of assets under management in a $20 billion portfolio. KingSett continues to seek to further invest in decarbonization strategies for all of its properties, looking to enhance resilience and sustainability. About Fairmont Royal York Timeless and iconic for over 90 years, Fairmont Royal York celebrates a new era as Toronto’s landmark hotel with the revitalized Fairmont Gold, renovated lobby and new dining venues. With contemporary railway-inspired design, CLOCKWORK Champagne & Cocktails hosts a bubbly cocktail offering with tasteful metropolitan fare. Steps from the lobby, REIGN features three dining experiences: REIGN Restaurant serves sophisticated cuisine from the bounty of Canada’s rich landscape; REIGN Bar toasts to Toronto’s Jazz-Age revival with a prestigious wine list, signature tasting boards, and live entertainment; while REIGN Bakery creates a charming morning ritual with artisanal-roasted coffee and freshly baked goods. Renowned as the city’s cocktail den, the legendary LIBRARY Bar returns with the Birdbath Martini crafted as a masterpiece. For upscale luxury, Fairmont Gold is a hotel-within-a-hotel featuring elegantly appointed suites, premium services, and an exclusive lounge on the 18th floor. The place of occasion, Fairmont Royal York is the city’s destination for glamorous wedding celebrations and inspiring events – embracing a legacy that is famous for generations. Media Contact KingSett Capital David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com

Certification marks major milestone in KingSett’s Decarbonization Strategy (Toronto, ON) February 27, 2023 – KingSett Capital’s Scotia Plaza building at 100 Yonge Street in downtown Toronto has achieved the prestigious Zero Carbon Building – Performance Standard certification. This marks a major milestone in KingSett Capital’s Three-Phase Decarbonization Strategy as the firm works towards a decarbonization goal of 35% of carbon emissions across its CREIF portfolio by 2027. 100 Yonge is a Class “A” office building with 275k square feet of space and is the second building in our portfolio after 40 King Street West to receive this certification. KingSett’s Decarbonization Strategy has included replacing end-of-life boilers and chillers, upgrading air handlers with heat recovery, and installing air source heat pumps to replace the existing heating plant. Thanks to these efforts, 549 tonnes of carbon emissions will be eliminated annually – a 76% reduction – equivalent to removing 118 passenger vehicles from the road. These results exceed the Carbon Risk Real Estate Monitor (“CRREM”) guidelines for Canadian office building emissions by 2050, which are aligned with the Paris Climate Agreement and Science Based Targets Initiative (“SBTi”). About KingSett Capital KingSett Capital is a pioneer in the Canadian private equity real estate industry, co-investing with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. With over $17 billion in assets under management and a $19 billion portfolio, KingSett has a proven track record of success, having raised $15.4 billion in equity for its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies since its founding in 2002.

First Canadian landlord to commit to WiredScore Portfolio WiredScore, the company setting the global standard for technology in the built world, has today announced 39 global landlords and KingSett Capital is proud to be listed. Technology is a core part of KingSett’s strategy, and we are committed to delivering a best-in-class, technology-enabled experience across our buildings, today and in the future. The future is smart, and smart buildings help us deliver superior technology integration while achieving operational efficiency. As the first Canadian landlord to commit to WiredScore Portfolio, KingSett has certified over 6 million square feet of office space in Canada, with an additional 5 buildings committed to certification and all future developments are committed to targeting the same certification. We believe this certification provides a number of tangible benefits as we look to make our portfolio future-ready with technological infrastructure that will create dynamic and resilient spaces. In addition, this certification provides us with the dedicated tools to measure, improve and promote connectivity performance in a clear, efficient and impactful manner. Arie Barendrecht, Founder and CEO, WiredScore, commented: “If the last few years have taught us anything, it’s that we have all come to expect best-in-class levels of connectivity in our buildings, enabling a seamless transition between the home, office and back again. As a result, we have seen first-hand just how technology is fast becoming a core pillar of how our clients are delivering their portfolios. Yet the macro environment and the pace of change of technology means it’s never been more challenging to create tech-enabled spaces. We are therefore proud to be working with some of the world’s most forward-looking landlords and developers who not only understand the benefits of a technology-first approach in their real estate, but are constantly improving it to create a first-class experience for their building users. By implementing sound digital infrastructure as a minimum requirement across their portfolios, our clients are not only creating dynamic and resilient spaces people really want to be in, but they are sustainably future-proofing their buildings for generations to come.” About WiredScore Portfolio The Portfolio award is given to landlords and developers who have committed to delivering a best-in-class, technology-enabled experience across a significant portion of their portfolio, now and in the future. WiredScore Portfolio brings with it a number of tangible benefits for landlords looking to make their portfolio future-ready with technological infrastructure that will meet evolving needs of occupiers. In addition, it provides clients with dedicated tools to measure, improve and promote the connectivity performance in a clear, efficient and impactful manner.

Recognition of market-leading technology, processes, and automation to deliver world-class service Scotia Plaza’s 40 King Street West has achieved SmartScore Gold Certification, making it one of the smartest places to work in the world. This certification demonstrates the building’s cutting-edge innovation through the use of market-leading technology, processes, and automation to deliver world-class service to all users of the building. 40 King Street West is located in the financial district of Toronto, Canada. The building achieved this certification through a range of initiatives which include the implementation of a smart building strategy, the deployment of a tenant engagement app, and the establishment of a stringent cybersecurity policy. Moreover, the installation of a smart technology foundation (base building network) has also allowed for rapid deployment of new connected devices and systems. The achievement of SmartScore Gold Certification at Scotia Plaza’s 40 King Street West reflects KingSett’s commitment to innovation and sustainability in its portfolio. It showcases the potential of smart buildings to create highly sustainable, inspirational, cost-efficient, and future-proof spaces for the benefit of all building users. About SmartScore SmartScore is a globally recognized smart building certification developed by WiredScore. It is the global standard for smart buildings and helps landlords and developers build cutting-edge smart buildings that deliver exceptional user experiences, drive cost efficiency, meet high standards of sustainability, and are fully future-ready. The SmartScore certification has four levels, and buildings that meet the strict criteria for reliable, secure, and future-ready in-building technology are awarded one of these levels to reflect their excellence.

KingSett Founder Jon Love Transitions to Executive Chair "This transition formalizes the expanded leadership role Rob has played so well over the last several years and marks the culmination of a well-planned, multi-year leadership succession at the firm.” Jon Love, Executive Chair & Founder (Toronto, ON) November 27, 2023 – KingSett Capital Inc. announced today that Jon Love will become Executive Chair of the firm and Rob Kumer will be elevated to Chief Executive Officer, effective January 1st, 2024. As Executive Chair and KingSett’s majority owner, Mr. Love will maintain oversight and responsibility for KingSett, guide the firm’s strategy, and serve on the KingSett fund boards. As CEO, Mr. Kumer will be responsible for executive management, working with Mr. Love to establish KingSett’s strategy and drive results for the firm’s funds. Mr. Kumer will continue to serve as Chair of KingSett’s Management and Investment Committees. “This transition formalizes the expanded leadership role Rob has played so well over the last several years and marks the culmination of a well-planned, multi-year leadership succession at the firm,” said Mr. Love. “KingSett has assembled a management committee and team of professionals that bring extraordinary depth of experience and cross-platform expertise. They are ready to lead KingSett forward into the next decade, focusing on our core mandate – delivering sustainable premium risk weighted returns for our investors.” “I am grateful for the opportunity to serve as KingSett’s CEO and help lead the firm into the next phase of its growth and investor performance,” said Mr. Kumer. “I will be focused on maintaining KingSett’s strong culture and values, which have been fundamental to our success. I want to thank Jon for the trust he has shown in me, and I want to thank our investors and board members, and our valued partners for the confidence they continue to show in KingSett.” As part of this transition, Colin Baryliuk will join the firm’s Management Committee and assume the role of Chief Investment Officer previously held by Mr. Kumer. Mr. Baryliuk joined KingSett in 2008 and has held increasingly senior roles over time, including most recently Group Head, Property Investments. Mr. Baryliuk will be responsible for day-to-day management of the Investments team including allocation of team resources and oversight of investment underwriting, transaction negotiation and due diligence. Additionally, Scott Coates, who joined KingSett in 2006, will be elevated to President, KingSett Mortgage Corp., an evolution in title that reflects his central role and his success in building and leading the firm’s national commercial and residential mortgage lending business, a key component of the KingSett Capital platform. The changes to Mr. Baryliuk and Mr. Coates’ roles also take effect January 1, 2024. Mr. Kumer joined KingSett in 2004 as an analyst. He has assumed increasingly senior roles over the years including Chief Investment officer and Chair of KingSett’s Investment Committee in 2018. He was appointed President and Chair of the firm’s Management Committee in 2021. As the firm’s President and CIO, he has had responsibility for guiding and executing KingSett’s investment strategy and leading the Investments team which sources, underwrites and structures investment transactions for KingSett’s various Fund strategies. In addition, Mr. Kumer provides oversight of KingSett’s mortgage lending business and serves as Fund Manager for KingSett’s Growth Funds and Urban Fund. Mr. Kumer holds a degree in Honours Business Administration from the Ivey Business School at Western University, where he is now a member of the school’s Advisory Board.  Mr. Kumer also serves as Vice-Chair of the Board of the Sinai Health System Foundation. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. Media Contact David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com

First ground-up, purpose-built housing development for the KingSett Affordable Housing Fund (Toronto, ON) January 16, 2024 – KingSett Capital, together with its project team BDP Quadrangle and Reliance Construction Group, is pleased to announce that construction has officially begun on Valhalla Village, an affordable housing development located at Bloor and The East Mall in Toronto. Valhalla Village will be the first ground-up, purpose-built housing development for the KingSett Affordable Housing Fund. Phase 1 of the development will comprise a total of 494 units, including 172 affordable units. Initial occupancy for Phase 1 of Valhalla Village is expected in the third quarter of 2026. “Breaking ground at Valhalla Village is a critical first step in KingSett’s ambitious goal of developing a portfolio of affordable housing that leads the industry in terms of depth, product design, and sustainability,” said Jeff Thomas, Group Head, Development at KingSett Capital. “The location and scale of Valhalla Village presents a compelling opportunity to create purpose-built affordable housing at a critical time for the local community. We are very excited to be moving ahead with this extraordinary development.” Valhalla Village is designed to be net-zero carbon through geothermal heating and is on track to achieve the Canada Green Building Council’s Zero Carbon Building – Design (“ZCB”) Standard™ certification in 2024. The project will participate in the new WiredScore Multi-Residential Certification Program. The site, which will also include a community agency space and public park, is zoned to allow for a second phase to be constructed at a later date. KingSett has secured construction financing through the federal government’s Apartment Construction Loan program, previously known as the Rental Construction Financing Initiative (“RCFi”). Through the City of Toronto’s Open Door program, Toronto City Council approved financial incentives, such as property tax and development charge exemptions and permit fee waivers, to support affordable housing at this site. BDP Quadrangle is the lead architect for Valhalla Village. Reliance Construction Group will lead the construction of the project, and Purpose Building Inc. provided sustainable design services to the development. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About the KingSett Affordable Housing LP The KingSett Affordable Housing LP strategy is to invest in projects that deliver high quality affordable housing within Canada’s core rental markets. The goal of the Fund is to provide stable risk weighted returns while delivering high quality affordable housing within Canada’s core rental markets. The Fund will participate in joint ventures, ground up development, financing initiatives and other structures to address the escalating issue of housing affordability in Canada. Media Contact David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com

Three-year decarbonization process included retrofitting the 363,000 square-foot 26-storey commercial building (Vancouver, BC) January 18, 2024 – KingSett Capital, Crestpoint Real Estate Investments Ltd. (in joint venture with Vestcor Inc.) and Reliance Properties Ltd., co-owners of Arthur Erickson Place on West Georgia Street in downtown Vancouver, today announced that the iconic building has achieved the Zero Carbon Building – Performance (“ZCB”) Standard certification from the Canada Green Building Council (“CAGBC”). This certification marks an important milestone for the co-owners of Arthur Erickson Place, the building’s tenants, and the City of Vancouver as a meaningful step towards reaching their overall sustainability and net-zero goals. Achieving ZCB Performance certification for Arthur Erickson Place demonstrates the building’s energy efficiency and the investment its co-owners have made to minimize carbon emissions from its operations. The three-year decarbonization process, which began in 2022, involved an innovative retrofitting of the 363,000 square-foot 26-storey commercial building. The process is expected to be complete in 2025, at which point Arthur Erickson Place will have reduced its carbon emissions by 97 percent. Arthur Erickson Place’s new sustainable mechanical upgrades and features include optimized HVAC controls as well as new electric boilers, heat pumps, air handling units, a rooftop beehive installation to promote biodiversity and a spacious outdoor plaza. The achievement demonstrates the commitment by the building’s owners to create pathways to a net-zero future while creating a safe and healthy work environment for their tenants. The decarbonization of Arthur Erickson Place will result in: The reduction of carbon emissions from the building by 97% by 2025. A 40% reduction in the building’s energy consumption. The equivalent of removing approximately 140 gas-powered cars from the road each year. Ensuring the building exceeds its individual requirement to meet the Global Paris Agreement’s goal of limiting the rise in global temperature to 1.5C. Further validation of the business case for fuel switching and electrification in Canada. “This achievement for Arthur Erickson Place is an important milestone in KingSett’s decarbonization program. It strengthens a key asset in our portfolio and advances our value enhancement strategy. In collaboration with our partners, we continue to demonstrate that complex, deep carbon retrofits of iconic buildings like Arthur Erickson Place and the Royal York Hotel can be done in a way that is economically viable and environmentally impactful.” Rob Kumer, CEO, KingSett Capital “Earning the ZCB Performance Standard certificate for Arthur Erickson Place demonstrates Crestpoint’s commitment to improving the communities in which we live, invest and operate. Retrofitting AEP took tremendous creativity and innovation. We’re excited to share this success with our partners, tenants and with the City of Vancouver, which is an important market for Crestpoint.” Kevin Leon, CEO, Crestpoint Real Estate Investments Ltd. “This project is particularly special to Reliance Properties because we’ve called Vancouver home for over 50 years and are constantly striving to enhance the tenant experience. Attaining Zero Carbon Building Performance certification for this building contributes to the health and well-being of our tenants and towards a sustainable future, which is something we are incredibly proud of.” Jon Stovell, President, Reliance Properties Ltd. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About Crestpoint Real Estate Investments Ltd. Crestpoint is a real estate investment and asset management firm founded in 2011 with over $9.9 billion in assets under management. The Crestpoint team is comprised of over 40 real estate investment professionals based in our head office in Toronto. With properties located from coast to coast in Canada, Crestpoint’s current portfolio is comprised of over 320 buildings and over 35 million square feet with exposure to the office, industrial, retail and multi-family sectors. Crestpoint is an affiliate of the Connor, Clark & Lunn Financial Group Ltd. (“CCLFG”), a multi-boutique investment manager that provides a broad range of traditional and alternative investment products and services to individuals, advisors and institutional investors. Today, CCLFG and its affiliates, including Crestpoint, collectively manage over $110 billion in assets and have close to 700 employees. About Reliance Properties Ltd. Reliance Properties Ltd. is focused on enhancing the urban experience in Vancouver through creative solutions to development challenges. Reliance Properties is a privately owned company that has been contributing to Vancouver’s architectural heritage for more than fifty years. From Coal Harbour luxury to award-winning heritage restorations, Reliance continues to create innovative residential and office developments designed to enhance the urban experience. Reliance provides proactive management and maintenance for all its properties and provides in-house leasing, maintenance, architectural and tenant improvement services. The company focuses on developing long-term tenant relationships and today, many Reliance tenants have been with the firm for over thirty years. Media Contact Dora Yiu Director, Marketing T: 416 687 6737 E: dyiu@kingsettcapital.com

Recipient of the 2024 Corporate Award from the Canadian Foundation for Physically Disabled Persons Each year, the Canadian Foundation for Physically Disabled Persons recognizes organizations that have gone the extra mile to support people with disabilities. KingSett was honoured to receive the 2024 Corporate Award in recognition of our commitment to creating accessible buildings and communities for all. This commitment includes the certification of over 7 million square feet of our properties and over 500 rental apartments under the Rick Hansen Foundation Accessibility Program (“RHFAC”). We believe third-party building certifications such as RHFAC are a credible and consistent way to assess, validate, and communicate the environmental performance and management of our buildings through trusted, verifiable standards. KingSett has adopted the RHFAC standard in our portfolio for many years, helping us identify both areas of strength and opportunities to improve accessibility. By acting on these recommendations, we’re able to create spaces that everyone can enjoy – fostering greater inclusivity in the communities we serve and improving accessibility for all people who come to a KingSett property.

A boutique office building located in the heart of the Mink Mile currently home to luxury retailers including Gucci and various office tenants Harry Rosen, a leading luxury menswear retailer, will relocate its Canadian flagship store from its existing Bloor Street location to a new 38,000 square feet  retail store at 130 Bloor. The new location will occupy all of the building’s Cumberland Street ground floor retail frontage in addition to 32,000 square feet, which encompasses all of the building’s 2nd and 3rd floors, which are being converted from office to retail space to accommodate the new tenant. This transaction creates substantial long-term value for KingSett’s Canadian Real Estate Income Fund (“CREIF”) by increasing the proportion of the building leased as high street retail from 13% to 31%. Retail rents in Yorkville achieve a premium over office rents and as retail rents will now represent 45% of the building’s revenue, valuation metrics and building liquidity will improve. Harry Rosen’s flagship store will open in Spring 2026, featuring a high energy exterior and interior design with customer-centric experiences throughout the  store. This elevated space will house a luxurious client lounge, espresso bar, and a large patio overlooking the Village of Yorkville Park.  This new flagship store will be a transformative addition to 130 Bloor, further solidifying Bloor Yorkville as a premium luxury shopping destination and  demonstrates how active asset management, relationships and creativity builds asset resilience to deliver sustainable premium risk-weighted returns.