REDEV Properties - Palisades Shopping Centre
Opportunity for co-ownership
Affordable entry level
Now you can own a shopping plaza too!
Contact: redev@outlook.com
2. Why Invest in Canada?
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Stable & Predictable
Resource Rich – Oil, Gas, Uranium, Potash
No subprime issues
Canada’s banks rated as safest in the world 5
years in a row
• Canada’s economy was the first among G-7
nations to recoup the employment losses
recorded during the global recession.
3.
4. Why Alberta?
Alberta
Energy
Resources
• Conventional oil & gas covers
half the province
• Oil sands production 1.6m+
barrels per day –> 3.2m by
2020
• CAD $170 Billion in
investment forecasted based
on current projects*
• Petroleum Industry forecast to
contribute CAD $2.5 Trillion to
Canada over next 25 years*
* www.albertacanada.com
5. WHY ALBERTA?
FASTEST INDUSTRY GROWTH
Real GDP Growth by Province (2011 final estimates)
This means more $ into the economy
6. Why Alberta?
STRONG
LABOUR
FORCE
GROWTH
Highest total labour force growth over 10 years ended in 2010 at 28.5% with
76,000 jobs added in 2011
Highest average annual labour force growth 10 years ended in 2010 at 3.2 %
and 3.8% for 2011
Forecast: Alberta will generate 600,000 new jobs
in next 10 years
This means increased retail demand
7. WHY ALBERTA? – HIGHEST NET MIGRATION
This means more spending in retail,
more $ into the economy and higher
demand for retail space
8. WHY ALBERTA?
FASTEST JOB GROWTH & LOWEST UNEMPLOYMENT
Alberta
Now:
4.4%
Alberta leads country in employment growth
Therefore 11th May 2012
- Calgary Heraldincreases in
retail spending
Edmonton
Now:
4.2%
9. WHY ALBERTA?
Strong Retail
Sales Growth
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Highest average annual retail sales growth from 2009 to 2010 at 6.8 %
Sales growth in Alberta grew over 9% since July 2011
Conference Board of Canada forecasts 6.1 % growth in 2013
CBRE: sales growth will grow to 10% by 2014
Highest retail sales per capita in 2011 at $15,267 (130% of National
Average)
This mean tenants can afford to pay
higher rent
10. Edmonton’s overall retail occupancy
remained over 97%, Q4 2012
Edmonton Retail Occupancy - 10 years
99
98
97
96
95
%
Occupancy
rate
94
93
92
91
90
89
88
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Occupancy Rates Continue to Rise
This means tenants have very few
places to move to.
13. Palisades Plaza
• Fully occupied
• mix of major
international &
national tenants.
Market Rents
$29 per sq ft *
Current rents
$23 per sq ft
If we increase to $29
that’s 45% higher than our
largest tenant
*Most recent tenant
signed at $30.25 psf
19. Palisades average price compared to others:
Inglewood Plaza:
Newly built
extension, leased to a
clothing store CAD32
*Daly Grove: New
lease to an
expanding restaurant
CAD 27 on 10 year
lease per sq ft
per sqft
Sturgeon Plaza: future
lease to a restaurant
CAD34 per sq ft
Belmont Plaza: New
building, new lease to
Scotia Bank CAD36
per sq ft
Broadview Plaza:
New lease to an
expanding clothing
store CAD30 per sq ft
Ellerslie Landing
Plaza: $31 per sf
Palisades average : $23 per square foot
20. New LRT – construction began 2011
Future ring road
(2016)
Demographics:
• Large & growing
population in 3km radius
• High disposable income
• New large residential
development nearby to
add 12,500 residents
This means more shoppers
Palisades
Centre
21. About REDEV
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Since 2001 - 30 shopping plazas / 1 office tower – all successful
5000 investors – Direct Stake Holders
More than half are Canadian
2/3 are repeat investors / multiple purchases
7 Sales & 5 Substantial Refinances
All current plazas continue to pay income 5-7%
100% Track Record of Success!
22. All facts point to
increased rental income
and capital gain
So… Sit back, relax. Start earning passive
income and maximize capital gain from
your shopping mall today
REDEV: Simple Stable Secure
www.redevproperties.com
Contact: info@redevproperties.com
Editor's Notes
Welcome to our presentation about REDEV Properties. The principals of REDEV Properties have been in the property business for over 30 years and has been redeveloping shopping plazas since 2001. The company is head quartered in Toronto, and most of the shopping malls that we own are in Alberta, the richest and fastest growing province in Canada.
