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Algoma Central Properties

The real estate portfolio of the Corporation, which is owned and managed by Algoma Central Properties Inc. (ACP), includes investment properties located in the cities of Sault Ste. Marie, St. Catharines and Waterloo, Ontario. In Sault Ste. Marie, ACP owns and manages the Station Mall, the Station Tower and 289 Bay Street office buildings and Station '49', a residential apartment building. ACP also owns, but does not manage, the Holiday Inn in Sault Ste. Marie, Ontario.

In St. Catharines, properties include three office buildings known as 63 Church Street, 20 Corporate Park Drive and 25 Corporate Park Drive. There are also two commercial plazas known as Ridley Square and Huntington Square as well as a light industrial property known as Martindale Business Centre. In addition, ACP owns 50% of Seventy-Five Corporate Park Drive Ltd. (a joint venture with Meridian Credit Union) which owns an office building and is managed by ACP.

ACP owns and manages three office buildings in Waterloo located at 408, 410 and 412 Albert Street, collectively known as the Waterloo Technology Campus.

In 2008, ACP expects to invest approximately $2.5 million in general upgrades, renovations and leasehold improvements for our owned properties.


ALGOMA CENTRAL PROPERTIES

Committed to the communities and the markets we serve.