ULI

EXPLORING

INDUSTRIAL

LAND USE &

INTENSIFICATION

IN METRO

VANCOUVER

Presented by:

Stuart Morrison Executive Vice

President

Market Overview

US COMPANIES LEAVING VANCOUVER

MARKET

Company Building Size (SF)

Buckeye Technologies Inc. 275,000

Ball Packaging Products 205,160

Kodak 142,395

Nestle Professional Vitality 125,000

Pliant Corporation 114,000

Smurfit 113,000

3M 90,000

Ampacet 72,421

Nabisco 68,768

Xpedx 58,000

Clariant Canada Inc. 47,000

Total 1,310,744

Market Overview

LEASE TRANSACTIONS PAST 24

MONTHS GREATER THAN 75,000 SF

Vancouver Calgary

New Leases (#) 22 13

New Leases (SF) 2,995,700 1,591,774

Renewals (#) 12 16

Renewals (SF) 1,170,627 2,617,041

Total Volume (SF) 4,166,327 4,208,815

Average Deal Size 122,539 145,132

* Includes all leases signed in the past 24 months that are expected to commence in 2013 and 2014.

Market Overview

LEASE TRANSACTIONS PAST 24

MONTHS GREATER THAN 75,000 SF

Vancouver Size (SF) Calgary Size (SF)

Kruger Products Ltd. Amazon.com SCI Logistics Inc. SCI Logistics Inc. Nippon Express Canada NRI Distribution Inc. Orbit Distribution Systems Ltd. Euro-Rite Cabinets Acklands-Grainger Inc. Blo Plastix Inc. Quick as a Wink Courier Service Ltd. Amerisource Bergen Crown Corrugated Company Loblaw Properties Ltd. Uni-Select Sears Mazin Furniture Eecol Electric Ltd. Acme Analytical Laboratories Ltd. Vertex Logical Solutions Inc. Orbit Distribution Systems Ltd. Maurice Sporting Goods

504,039 193,494 191,845 173,050 151,275 144,624 141,860 138,000 123,680 121,350 114,045 106,480 104,177 101,000 97,780 93,971 91,125 84,360 82,265 81,185 78,095 78,000

Mabe Canada Inc. Smucker’s Food Flexpipe Systems Mirolin Industries Corporation Sauder Industries WTS Distribution CWS Logistics Aram Systems Corporation TFI Transport Beaulieu Canada Company Warrior Manufacturing Services Amerisource Bergen Field Aviation

204,000 191,551 177,000 141,500 128,660 120,622 120,500 101,200 85,065 82,980 82,225 79,333 77,138

Market Overview

MARKET SNAPSHOT AVAILABILITY BREAKDOWN

Metro Vancouver – Available Options (Q1 2013)

Size Number

of Listings Total Area % of Market

< 20,000 sq. ft. 565 3,451,999 36%

20,000 – 50,000 sq. ft. 85 2,598,273 27%

50,000 – 75,000 sq. ft. 19 1,123,209 12%

75,000 – 100,000 sq. ft. 9 789,275 8%

100,000 – 150,000 sq. ft. 11 1,402,818 14%

>150,000 sq. ft. 1 300,000 3%

689 9,665,574 100%

* Includes all space that is vacant, available for sublease, or occupied but listed for lease

75%

25%

Market Overview

DEVELOPMENT SITES > 5.0 ACRES

Municipality Total Developable

Area (acres) # of Sites

Vancouver 36 2

Richmond 292 3

Delta 310 9

Burnaby 137 4

New Westminster 71 2

Pitt Meadows 50 1

Surrey 181 10

Langley 16 2

Total 1,093 33

Market Overview

Building Specifications

Constructed: 2013

Tenant/User: Damco Distribution Canada Inc.

Site Area: 10.33 Acres

Building Area: 45,580 SF

Loading Doors: 70 Dock / 1 Grade

Ceiling Height: 24’ Clear

BUILDING PROFILE 501 BOYD STREET, NEW WESTMINSTER – DAMCO

Market Overview

BUILDING PROFILE 501 BOYD STREET, NEW WESTMINSTER – DAMCO

Market Overview

Building Specifications

Constructed: 1985

Tenant/User: Amazon.com

Site Area: 12.75 Acres

Building Area: 193,494 SF

Loading Doors: 33 Dock / 13 Rail / 1 Grade

Ceiling Height: 30’ Clear

BUILDING PROFILE 450 DERWENT PLACE, DELTA – AMAZON.COM

Market Overview

BUILDING PROFILE 450 DERWENT PLACE, DELTA – AMAZON.COM

Market Overview

Building Specifications Constructed: 2007

Tenant/User: Simard Westlink Inc.

Site Area: 7.76 Acres

Building Area: 150,800 SF

Loading Doors: 32 Dock

Ceiling Height: 30’ Clear

BUILDING PROFILE 16062 PORTSIDE ROAD, RICHMOND – SIMARD WESTLINK

Market Overview

BUILDING PROFILE 16062 PORTSIDE ROAD, RICHMOND – SIMARD WESTLINK

Market Overview

Building Specifications Constructed: 2003

Tenant/User: Hudson’s Bay Company

Site Area: 26.37 Acres

Building Area: 412,375 SF

Loading Doors: 109 Dock / 2 Grade

Ceiling Height: 30’ Clear

BUILDING PROFILE 18111 BLUNDELL ROAD, RICHMOND – HUDSON’S BAY COMPANY

Market Overview

BUILDING PROFILE 18111 BLUNDELL ROAD, RICHMOND – HUDSON’S BAY COMPANY