Cominar announces Sylvain Cossette to join executive management team as Executive Vice-President and Chief Operating Officer
August 30 2012 - 8:12PM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION
IN THE U.S./ QUÉBEC CITY, Aug. 31, 2012 /CNW Telbec/ - Cominar Real
Estate Investment Trust ("Cominar") announces today that Mr.
Sylvain Cossette will be joining Cominar's executive management
team in January 2013 as Executive Vice-President and Chief
Operating Officer. Mr. Michel Dallaire, President and Chief
Executive Officer of Cominar, commented, "Sylvain has had a
distinguished 30 year career at Davies Ward Phillips & Vineberg
in the areas of M&A, corporate finance and REITs, and has
closely accompanied Cominar since its creation in May 1998. Sylvain
has been a valuable advisor and close collaborator in the
development and growth of Cominar, which became one of the largest
REITs in Canada." Mr. Dallaire continued "This is a great addition
to the Cominar executive management team, and I look forward to
working with Sylvain in our efforts to continuously seek out
accretive acquisitions in accordance with our business plan and
related guidelines, while continuing to maximize value for our
unitholders with the diligence and efficiency that Cominar has
always demonstrated". Richard Cherney, Co-managing partner of
Davies Ward Phillips & Vineberg in Montréal, stated, "Sylvain
epitomizes the values of this firm and its people. We have no doubt
that Sylvain will bring the same energy, rigour and commitment to
excellence to his new role as he has as a legal practitioner and
partner. While we will of course miss Sylvain as a partner and
colleague, he is and will remain a close friend of the firm. We
wish him and Cominar the greatest success and are proud to be
associated with such a first class organization." Profile as at
August 31, 2012 Cominar is the third largest diversified real
estate investment trust in Canada and currently remains the largest
commercial property owner in the Province of Québec. Cominar owns a
real estate portfolio of 415 high-quality properties, consisting of
82 office, 158 retail and 175 industrial and mixed-use buildings
that cover a total area of 30.7 million square feet in Québec,
Ontario, the Atlantic Provinces and Western Canada. Cominar's
objectives are to pay growing cash distributions to unitholders and
to maximise unitholder value by way of proactive management and the
expansion of its portfolio. Forward-Looking Statements This press
release may contain forward-looking statements with respect to
Cominar and its operations, strategy, financial performance and
financial condition. These statements generally can be identified
by the use of forward-looking words such as "may", "will",
"expect", "estimate", "anticipate", "intend", "believe" or
"continue" or the negative thereof or similar variations. The
actual results and performance of Cominar discussed herein could
differ materially from those expressed or implied by such
statements. Such statements are qualified in their entirety by the
inherent risks and uncertainties surrounding future expectations.
Some important factors that could cause actual results to differ
materially from expectations include, among other things, general
economic and market factors, competition, changes in government
regulation and the factors described under "Risk Factors" in the
Annual Information Form of Cominar. The cautionary statements
qualify all forward-looking statements attributable to Cominar and
persons acting on its behalf. Unless otherwise stated, all
forward-looking statements speak only as of the date of this press
release. COMINAR REAL ESTATE INVESTMENT TRUST CONTACT: Mr. Michel
Dallaire, P.Eng.President and Chief Executive Officer, Cominar Real
Estate InvestmentTrust(418) 681-8151Mr. Michel BerthelotExecutive
Vice President and Chief Financial Officer, Cominar RealEstate
Investment Trust(418) 681-6300 ext. 2266
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