INVESTMENTS INC.

SMYCORP

99 SPADINA

99 Spadina Avenue Toronto, On


‚ÄčSmycorp and David Chard purchased 99 Spadina (then 93 Spadina Ave) as an obsolete office building of 37,000 square feet in early 2000 for approximately $2,000,000. The building was completely vacant and unrenovated. Following a complete restoration (re-skinned with new electricals and mechanicals) as well as a two storey addition, the building was a 52,000 square foot trophy brick and beam office building. This retrofit led to a full re-leasing (with six tenancies) of the building. 99 Spadina Avenue was sold in October, 2003 for $10,775,000 and was the first building sold into Allied Properties REIT, a publicly traded real estate investment trust whom Smycorp continues to engage with as both clients and friends.