Press release

2006-11-21

SITQ consolidates its position in the Calgary market with a new partnership with Alberta Investment Management

SITQ is pleased to announce today a new investment with Alberta Investment Management (AIM) in prime assets located in the heart of downtown Calgary. With this transaction, SITQ becomes an equal partner with AIM in the TD Canada Trust and TD Square projects. SITQ and AIM are also partners in Place Ville Marie, a landmark building located in downtown Montréal.

“Our investment in the TD Canada Trust and TD Square represents a significant step for SITQ, thus consolidating its position in the Calgary market, declared Paul Campbell, President and CEO of SITQ. Combined with the recent appointment of Peter Merchant, our new Senior Vice President, Calgary, SITQ will be in a strong position to take advantage of the dynamism demonstrated in this market.”

The portfolio in which SITQ acquired 50 % represents 1.8 million square feet comprised of office and commercial space.

The management of the two projects will be carried out by 20 VIC Management Inc., a Toronto-based company managing a national portfolio of retail, office and industrial properties.

About SITQ
Founded in 1984, SITQ is a real estate investment, management and development firm composed of six financial institutions and pension funds. Its principal shareholder, the Caisse de dépôt et placement du Québec, is Canada’s leading fund manager, with net assets of 122.2 billion dollars Canadian.

A leader in the Canadian real estate industry, SITQ owns assets of 7.1 billion dollars Canadian consisting of 112 properties (29 million square feet) located in Canada, the United States, France, the United Kingdom and Germany.

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Information:

Jacques-André Chartrand, Director Communications and Public Affairs
SITQ
(514) 847-4180
jacques-andre.chartrand@sitq.com
www.sitq.com

Amélie Plante, Senior Advisor
Communications and Public Affairs
SITQ
(514) 847-4164
amelie.plante@sitq.com
www.sitq.com