QUEBEC CITY, Nov. 5, 2018 /CNW Telbec/ - Cominar Real
Estate Investment Trust ("Cominar" or the "REIT") (TSX: CUF.UN) is
pleased to announce the appointment of Ms. Heather Kirk as Executive Vice-President and
Chief Financial Officer of Cominar effective December 3, 2018.
Ms. Kirk is a seasoned executive with over 20 years of
experience in real estate, capital markets, investment banking and
equity research. Most recently Ms. Kirk was Managing Director
Equity Research at BMO Capital Markets leading the Canadian Real
Estate Equity Research team. Ms. Kirk's prior experience includes
ten years in investment banking at an independent brokerage firm
and National Bank Financial where she executed on equity raises,
debt financings and advisory assignments for Canadian REITs and
real estate corporations. Ms. Kirk has a Bachelor of Commerce from
Concordia University and is a CFA
Charterholder. Ms. Kirk has served as a Trustee of Cominar since
May of 2018, and is a member of the Board of Trustees of Minto
Apartments Real Estate Investment Trust.
"I am delighted to welcome Heather
Kirk to the Cominar executive management team," said Mr.
Sylvain Cossette, Cominar's
President and Chief Executive Officer. "Heather's extensive
Canadian real estate capital markets expertise, strategic thought
and insight, and deep understanding of our institutional unitholder
base further strengthens our leadership team as we continue to
pursue our strategy," added Mr. Cossette.
Mr. Gilles Hamel, the acting
Executive Vice-President and Chief Financial Officer of Cominar
will be assisting Ms. Kirk through Cominar's upcoming year-end
financial period in order to facilitate an orderly transition.
"I wish to thank Gilles for his leadership and contribution to
Cominar through his six-year tenure as Executive Vice-President and
Chief Financial Officer of Cominar," added Mr. Cossette.
Ms. Kirk will be resigning as a Trustee of the REIT upon the
commencement date of her term of office as Executive Vice-President
and Chief Financial Officer of Cominar, and the Board of Trustees
of Cominar will be taking action in order to fill the vacancy on
the Board of Trustees.
Profile as at November 5, 2018
Cominar is one of the largest fully internalized diversified
real estate investment trusts in Canada and is the largest commercial property
owner in the Province of Québec. The REIT owns a real estate
portfolio of 429 properties in three different market segments,
that is, office properties, retail properties and industrial and
flex properties. Cominar's portfolio totals 38.2 million square
feet located in the Montreal,
Québec City and Ottawa areas.
Cominar's primary objectives are to maximize unit value through the
proactive management of its properties.
Forward-looking information
This press release contains 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
Cominar's Annual Information Form. 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. We do not assume any obligation to update the
aforementioned forward-looking statements, except as required by
applicable laws.
Additional information regarding Cominar is available at
www.cominar.com and on www.sedar.com.
SOURCE COMINAR REAL ESTATE INVESTMENT TRUST