TWO INDUSTRY LEADERS ENTER EXCITING NEW PARTNERSHIP TO PRESENT THE ULTIMATE IN LUXURY LIVING IN TORONTO

Toronto, ON, Canada – Tridel and Concert Properties Ltd. are thrilled to announce their joint venture partnership for the development of Huntington – 1900 Bayview. Located in one of Toronto’s most sought after neighbourhoods, Lawrence Park, on the west side of Bayview Avenue, south of Blythwood, this ultra luxurious community will be home to a limited number of residences and will offer privacy and tranquility in an intimate ravine setting.

Named one of the “Top 25 Companies to Work for in BC" by BC Business Magazine, Concert is a premier developer of residential and commercial properties. Since its formation in 1989, Concert has built more than 7,300 rental and condominium homes and has received numerous awards from the Canadian Home Builders’ Association. Concert entered the Toronto market in 2001 to focus on the development of new rental residential housing with OMERS. In 2004, Concert engaged Tridel’s affiliate Deltera Inc.as the general contractor for Concert and OMERS’ Jazz property; a sophisticated rental residence that was recognized as the “Best New Rental Development High–Rise in Ontario” in 2006 by the Federation of Rental Housing Providers of Ontario. Deltera is also providing general contractor services for Concert on Village Gate West in Etobicoke. Now, for the first time, Concert and Tridel will combine their exceptional talents on Huntington - 1900 Bayview, Toronto’s newest luxury condominium development.

“We are delighted to partner with such a first class organization,” said Leo DelZotto, President of Tridel. “Concert is recognized as one of the leading Canadian developers and prides itself on providing exceptional customer service. They also share our ideals and commitment to the local community. As a result of our complementary philosophies and principles, we are confident that our collaboration will result in a spectacular residential community.”

David Podmore, President and CEO of Concert Properties noted, “We have a very high regard for Tridel and this alliance brings together two of Canada’s top homebuilders in what we believe is the first in a long term relationship. Tridel and Concert’s combined talents and expertise will result in the creation of some of Toronto’s finest communities.”

Huntington – 1900 Bayview

Occupying a fabulous ravine setting, with spectacular views of the city, Huntington – 1900 Bayview will be home to over 80 ultra luxury residences within an existing established and stately neighbourhood. Displaying dramatic architecture and outstanding suite designs, this new development offers exquisitely designed homes for the discerning buyer, ranging in size from 1,800 to 5,000 square feet and priced from $1 million.

The Lawrence Park area

The Lawrence Park neighbourhood was one of Toronto’s first planned garden suburbs. Established in the early 1900s with winding streets and a lush canopy of mature trees, this tranquil neighbourhood offers unprecedented access to downtown Toronto, Highway 401 and the Don Valley Parkway. To the south on Bayview Avenue are many local specialty food stores, boutiques, cafes and high-end restaurants adding to the ambiance of the community. Directly to the north is the Sherwood Park Ravine where residents can follow the Burke Brook and enjoy old growth trees of at least 150 years old set in one of the city’s largest remaining protected natural areas. To the east is the extensive Sunnybrook Park with paths that wind for miles following the Don River and eventually meeting the waterfront.

For more information about Huntington – 1900 Bayview, please call 416.661.9394 or visit www.tridel.com.

Partners in Excellence

Concert Properties Ltd. is an award-winning diversified real estate enterprise with assets in excess of $1 billion and shareholder equity of approximately $500 million. Exclusively owned by Canadian pension plans, Concert is involved in developing and acquiring multi-family condominium housing, seniors living communities, rental housing, resort developments, hotels and commercial and industrial properties in British Columbia, Alberta and Ontario. In 2003 and

2004, Concert was awarded the Canadian home building industry’s highest honour – the Grand SAM Award – by the Canadian Home Builders’ Association. Concert was also named Best Home Builder in British Columbia by the Canadian Home Builders’ Association of BC in 2000 and 2002. For more information please visit,www.ConcertProperties.com

Tridel is Canada’s leading developer and builder of condominium residences with more than 70 years of homebuilding experience. To date the Tridel Group of Companies is responsible for producing over 66,500 homes, and continues to lead the industry in innovation, technology and design. Tridel is determined to develop condominium communities that meet the needs of today’s homeowners while safeguarding the wellbeing of future generations. The company is working to meet this goal by focusing on environmentally sustainable building design and performance in construction and corporate stewardship. In recognition of Tridel’s outstanding service to its homeowners, Tridel has also been awarded the coveted Ontario High-Rise Builder of the Year Award by Tarion, formerly known as the Ontario New Home Warranty Program, and Home Builder of the Year by the Greater Toronto Home Builders’ Association, received the City of Toronto 2006 Green Award for Energy Conservation and recently J.D. Power and Associates ranked Tridel highest in satisfying buyers of newly built condominiums in the Greater Toronto Area.

For media inquiries contact:
Heather Harley
Telephone: 604.602.3713
Email: HHarley@ConcertProperties.com