Riocan Real Estate Investment Trust · TSX:REI.UN
Riocan Real Estate Investment Trust — Investor Day (April 2018)
23 slides from Riocan Real Estate Investment Trust's investor day presentation, Apr 18, 2018
Slide 1: Investor Day 2018 Property Tour
INVESTOR DAY 2018 PROPERTY TOUR April 18, 2018
Slide 2: Value Proposition and Four Strategic Pillars
VALUE PROPOSITION AND FOUR STRATEGIC PILLARS REAL VISION, SOLID GROUND CANADA’S MAJOR MARKET PORTFOLIO • High quality, necessity based retail, and increasingly mixed-use major markets portfolio • Diversified, strong national tenant base • Significant upside on rent growth • Base for significant NAV
Slide 3: Leadership Team
LEADERSHIP TEAM EXPERIENCE, INTEGRITY AND FORESIGHT • Strong executive bench with a wealth of experience and proven Ed Sonshine Rags Davloor, Qi Tang, O.Ont., Q.C. President and COO SVP and CFO track record Founder and CEO 25 years in Real Estate, 20 years in Operations & Finance Finance • Fully int
Slide 4: Property Tour Properties
PROPERTY TOUR PROPERTIES INDUSTRY LEADING PRESENCE IN THE TORONTO CORE Property Name 1 RioCan Hall 2 The Well 3 King Portland Centre (Kingly) 4 Shoppes on Queen West 5 Bathurst College Centre 6 College Ave. & Manning Ave. (Strada) 7 491 College St. 8 740 Dupont Ave. (Litho.) 9 Yonge Eglinton Centre
Slide 5: Greater Toronto Area (GTA) Focus - Tour Agenda
GREATER TORONTO AREA (GTA) FOCUS TOUR AGENDA NLA SF ‘000s Development Tour on % Leased/ Name RioCan Interest Completion Page Stop Completion Preleased (100%) 1 RioCan Hall 100% TBD TBD 100% 6 50% - Commercial Commercial - 2021 2 The Well 40% - Residential Air Rights 2,938 N/A 7 Building 6 – 2023 50%
Slide 6: RioCan Hall
UNPARALLELED GTA ASSETS PRIME DOWNTOWN LOCATION RIOCAN HALL TORONTO ON Location: Prime location in the heart of the entertainment district in Toronto’s Downtown corridor Intersection: Richmond St. and John St. NLA: 227,326 sf Ownership: 100% Major Tenants • Cineplex • Michaels • Marshalls • Goodlife
Slide 7: The Well Toronto, ON
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT THE WELL TORONTO, ON Proposed 7
Slide 8: The Well
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT THE WELL, TORONTO, ON Location: 7.7 acre site situated at the gateway to downtown Toronto, at Front and Spadina. Transit oriented adjacent to the site of a proposed intercity GO Train stop. Ownership Structure: Commercial: 50% (J.V. with Allied Propertie
Slide 9: The Well - Surfacing Value
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT THE WELL, TORONTO ON Surfacing Value • RioCan and its partners acquired the former Globe and Mail head office and surrounding land for $170 million in 2012 and 2013 • Agreement in place to sell 1.1M sf of air rights to residential developers Tridel and W
Slide 10: King Portland Centre
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION KING PORTLAND CENTRE, TORONTO, ON Location: A 1.5 acre site in Toronto’s trendy downtown west with direct access to transit Property Type: Mixed-use with office, retail and condominiums Leasing/Sales: 134 condominium units fully sold out ahead of p
Slide 11: King Portland Centre (Kingly)
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION KING PORTLAND CENTRE (KINGLY) TORONTO, ON Proposed 11
Slide 12: Shoppes on Queen
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION SHOPPES ON QUEEN TORONTO, ON Location: Prime location in Toronto’s trendy Queen west with direct access to transit Property Type: Mixed-use with three floors of retail and 90 condominium units Leasing: Retail component is 100% occupied. NLA: 89,419
Slide 13: Bathurst College Centre
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT BATHURST COLLEGE CENTRE, TORONTO Location: A 1.3 acre site situated in the western downtown corridor in Toronto, at Bathurst Street and College Avenue. Directly across street from Toronto General Hospital Ownership Structure: 100% Property Type: 139,000
Slide 14: College & Manning (Strada)
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION COLLEGE & MANNING (STRADA), TORONTO, ON Location: Prime 0.5 acre site located in Toronto’s “Little Italy” district with direct access to transit Property Type: Mixed-use, office, retail and rental residential Leasing (Commercial Component): 79% Own
Slide 15: College Street West
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT 491 COLLEGE STREET WEST TORONTO, ON Location: Prime site located in Toronto’s “Little Italy” Property Type: Mixed-use, office, retail Leasing: 63% Major Tenants: LCBO Ownership: 50% (JV with Allied Properties REIT) Commercial NLA: 12,000 sf at RioCan’s I
Slide 16: Dupont Ave. (Litho.)
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION 740 DUPONT AVE. (LITHO.), TORONTO, ON Location: Toronto, Ontario Property Type: Located on a 1.4 acre site, this mixed- use retail and residential containing 9-storey project with 210 rental units and 31,000 square feet of retail GLA. Firm lease wi
Slide 17: Dupont Ave. (Litho.), Toronto, ON
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION 740 DUPONT AVE. (LITHO.), TORONTO, ON Proposed 17
Slide 18: RioCan Yonge Eglinton Centre
UNPARALLELED GTA ASSETS STRATEGIC REDEVELOPMENT RIOCAN YONGE EGLINTON CENTRE, TORONTO Intersection: Yonge St. and Eglinton Ave. East Ownership: 100% Total GLA: 1,056,285 sf Property Concept: Mixed-use Project Completion: 2016 Surfacing Value: • Purchase Price (2007): $223 million • Capital Invested:
Slide 19: Yonge & Eglinton Northeast Corner
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION YONGE & EGLINTON NORTHEAST CORNER (eCentral at ePlace) TORONTO, ON Location: A 3.2 acre site at the heart of one of Toronto’s busiest and most popular intersections. Unparalled access to the Yonge subway and new Eglinton Crosstown LRT Property Type
Slide 20: Sunnybrook Plaza
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION SUNNYBROOK PLAZA, TORONTO, ON Location: A 2.3 acre site located on new Eglinton LRT in an affluent neighbourhood in midtown Toronto Ownership: 50% (JV with Concert Properties) Property Type: Mixed-use with one 16 storey and one 11 storey rental res
Slide 21: RioCan Leaside Centre
UNPARALLELED GTA ASSETS RESIDENTIAL INTENSIFICATION RIOCAN LEASIDE CENTRE, TORONTO, ON Location: Approximately 8.8 acre site located on new Eglinton LRT in an affluent neighbourhood in midtown Toronto Ownership: 100% Property Type: Mixed-use – Retail, office and residential Project Start / Anticipat
Slide 22: The Shops of Summerhill
UNPARALLELED GTA ASSETS POTENTIAL RESIDENTIAL INTENSIFICATION THE SHOPS OF SUMMERHILL TORONTO, ON Location: Located in the heart of the affluent neighbourhood of Summerhill in a heritage site near the Summerhill Subway station. Intersection: Yonge St. and Summerhill Property Type: Retail Occupancy:
Slide 23: Yorkville
UNPARALLELED GTA ASSETS MIXED-USE DEVELOPMENT YORKVILLE, TORONTO, ON Location: Transit oriented and in the heart of prestigious Yorkville, one of Toronto’s most high-end shopping and residential areas. Property Type: Mixed-use with potential for 0.5M sf of luxury condominium and retail uses and up t
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