180 acres of Development Land in CentrePort for Sale

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1 PERIMETER HIGHWAY Future Lands New Opportunity CN RAIL LINE Chief Peguis Extension ROUTE 90 General Logistics Park Recreation/ Open Space Brookside Business Park PERIMETER HIGHWAY Municipal Boundary Manufacturing & Logistics CP RAIL LINE Canada Rail Park North South CENTREPORT CANADA WAY Service Area Strategic New Opportunity Brookside Park West SUBJECT PROPERTY Recreation/ Open Space Manufacturing & Logistics Service - Oriented Canada Way Extension to Bypass Headingley Business Park Residential Air Serviced Winnipeg James Armstrong Richardson International Airport CP RAIL LINE SASKATCHEWAN AVENUE Murray Park 180 acres of Land in for Sale Aerospace and Air Cargo Campus FOR SALE Sturgeon Road and Canada Way MB Asking Price: $12,500,000 Accelerating success.

2 Specifications Total Acreage Zoning Environmental Inland Port Rural Zone To be completed by the Purchaser during the due diligence process Offering The Colliers International Team has been retained to act as the exclusive agent in the sale of (+/-) 180 acres of development land located east of Sturgeon Road and South of CenrePort Canada Way, located within Canada. Features of this development land opportunity include: FEATURES Starting from: $12,500,000 (+/-) acres Frontage facing Sturgeon Road and Canada Way Located within Canada - the country s only inland port which offers companies unparalleled access to tri-modal transportation and Foreign Trade Zone benefits A prime and highly visible location with excellent access to a well-established road network including Route 90, Centerport Canada Way and the Perimeter Highway (PTH 101) In close proximity to major cargo operations including some of Canada s largest trucking operations and Winnipeg s James Armstrong Richardson International Airport, a 24 hour operating airport Bordered by the City of Winnipeg with no City of Winnipeg Business Taxes Currently Zoned Inland Port Rural Zone

3 ROUTE 90 PROPERTY LOCATION Future Lands New Opportunity CN RAIL LINE Chief Peguis Extension General Logistics Park Recreation/ Open Space Brookside Business Park CP RAIL LINE Canada Rail Park North CENTREPORT CANADA WAY Service Area Strategic New Opportunity SUBJECT PROPERTY Brookside Park West South Manufacturing & ogistics Service - Oriented Winnipeg James Armstrong Richardson

4 PROPERTY LOCATION 2 SUBJECT PROPERTY Regent Avenue West 4 3 SUBJECT PROPERTY 1 Route from Subject Lands Distance (Km) Drive Time 1 South Perimeter Highway (HWY 100) & HWY min 2 North Perimeter Highway (HWY 100) & HWY min 3 East Perimeter Highway (HWY 100) & Trans-Canada Highway East min 4 West Perimeter Highway (HWY 100) Trans-Canada Highway West (HWY 1) min 5 Lagimodiere Boulevard (HWY 59) & Regent Avenue West min 6 Downtown (Portage Ave & Main St) min 7 Winnipeg Richardson International Airport min US Border Crossing - Via HWY hr 22 min Via HWY hr 33 min

5 Market Overview WINNIPEG Winnipeg s industrial market has remained in a stable pattern for the balance of Vacancy decreased marginally and positive net absorption was maintained. A level of frustration is building due to increased demand and a scarcity of modern warehouse space and serviced industrial land. Current tenants are simply renewing, but not expanding, while new entrants are left to consider less optimal options to gain access to the market. Though significant land purchases for future development have started to commence in the northwest, they will not begin to alleviate demand for some time to come. Given the lack of available serviced land in the greater Winnipeg area, there will be continued pressure on developers to provide quality, serviced industrial land in the coveted northwest/ Canada areas. The small amount of available product in the Southwest and St. Boniface Area should be significantly absorbed by year end 2017 given the lack of competing product. As 2017 progresses, the market should have more information about parcels for future development in Canada that will only begin to meet the needs of industrial users in 2018 and beyond. NORTHWEST WINNIPEG A new awareness of the future growth potential in the Northwest sector has emerged. As the number of available modern industrial buildings in the city shrinks and Canada advances in its efforts to complete infrastructure for its inland port, interest in northwest land is rising. A majority of tenants/buyers are focusing on the industrial parks which have begun development in the sector. TRENDS > > Virtually all modern distribution space has been leased in this district. > > Significant land purchases for future development have started to commence. > > Asking rental rates are currently escalating. As remaining distribution space becomes scarce, there will be an upward pressure on rents for space in these types of buildings. > > Leasing activity is strong in this sector even as the substantially large 1000 King Edward Street, the 422,000 SF former Sobeys distribution centre, entered our vacancy numbers, the sector maintained positive absorption and saw a decrease in vacancy. Summary Statistics 2016 Q Q2 Trend Total Inventory 45,960,014 46,016,014 Net Absorption 95,563 (81,938) Vacancy Rate 4.40% 4.69% Average Asking Net Rent* $6.26 $6.51 *Average Asking Net Rent calculated using a weighted average.

6 Current Land Availability RM OF ROSSER Brookside Park 80 acres conditionally sold with another 80 acres available More than 150 acres have sold in the last 10 years RM OF HEADINGLEY Headingley Business Park Fully serviced industrial park currently with limited lots remaining in the 150 plus acre development lots range from $175,000 (30 acre parcel) to $195,000 for smaller 1-2 acre lots RM OF MACDONALD South Landing Business Park 100 Acre launched in 2016 Phase 2 underway Zoned Light $285,000 - $300,000 per acre fully serviced low pressure sewer, limited water capacity will impact building size McGillivray and McCreary Road (South Side) acres conditionally sold (listed at $120,000 per acre) Zoned Light Purchaser is planning a light industrial sub division McGillivray and McCreary Road (North Side) acre parcel conditionally sold (listed at $120,000 per acre) Zoned Ag Purchaser is likely planning a light industrial sub division CITY OF WINNIPEG St. Boniface Park acres of M2, fully serviced land for sale at $230,000 per acre 12 acres of M2 fully serviced land on Lagimodiere Boulevard for sale at $275,000 per acre 13 acres of M3 land on Warman Road available for sale at $275,000 per acre 15 acres of AG land in Centreport, unserviced available for sale at $111,000 per acre

7 INKSTER INDUSTRIAL PARK, BROOKSIDE BUSINESS PARK, & INKSBROOK BUSINESS PARK Notable Tenants:

8 Colliers International 305 Broadway 5th Floor Winnipeg, MB R3C 3J7 P: F: Accelerating success. This document/ has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. Colliers International is a worldwide affiliation of independently owned and operated companies. This publication is the copyrighted property of Colliers International and /or its licensor(s) All rights reserved. Pratt McGarry Inc. o/a Colliers International