Redcliff Métivier Realty Inc. has been appointed to manage a large portion of the Montreal commercial property portfolio of the Hospitals of Ontario Pension Plan (HOOPP), effective February 2nd, 2009. HOOPP is an existing client of the Redcliff Realty Group, a Canadian leader in strategic real estate services.

The portfolio comprises over two million square feet of industrial and office properties in addition to vacant lots to be developed in the future. The majority of the portfolio consists of 16 industrial buildings, most of which are single-tenanted. Tenants include Unisource, SICO and Silgan Plastics. Tenants in the office building located at 8000 Decarie Blvd. in Montreal include SNC Lavalin, Friedman and Friedman, CIBC and Oberfeld Snowcap Retail Advisors.

Mr. Yves Auclair of DESYX Capital has been appointed HOOPP’s asset manager in Quebec, and Redcliff Métivier will report to HOOPP through Mr. Auclair.

Mr. Jean-Marie Saint-Georges, Senior Property Manager, has joined Redcliff Métivier with his team and will continue to be responsible for the management of the portfolio, reporting to Mr. Denis Bélanger, Senior Vice President, Operations for Redcliff Métivier.

Redcliff Métivier manages a portfolio of more than four million square feet of office and industrial properties in Quebec, complementing Redcliff's Quebec shopping centre portfolio of 2.45 million square feet. The Redcliff Realty Group manages more than 24 million square feet of office, retail, industrial, and multi-residential properties across Canada.

HOOPP is the pension plan of choice for Ontario's healthcare sector with 321 participating employers and 255,000 plan members. HOOPP pays nearly $1 billion per year in pension benefits, providing security and peace of mind to thousands of retired healthcare workers. HOOPP, one of the country's largest pension plans, has net assets of $30 billion diversified worldwide in stocks, bonds, real estate, private equity and infrastructure. HOOPP has beaten its benchmarks for 10 years in a row, ensuring the defined benefit pension plan is secure and well funded.


For further information, please contact:

Jacques Métivier
President
Redcliff Métivier Realty Inc.
514 879-1597
jmetivier@redcliffmetivier.com