Cominar announces Sylvain Cossette to join executive management team as Executive Vice-President and Chief Operating Officer

    




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 QUÉBEC CITY, Aug. 31, 2012 /CNW Telbec/ - Cominar Real Estate Investment  Trust ("Cominar")  announces today that Mr. Sylvain Cossette will be  joining Cominar's executive management team in January 2013 as  Executive Vice-President and Chief Operating Officer. 

 Mr. Michel Dallaire, President and Chief Executive Officer of Cominar,  commented, "Sylvain has had a distinguished 30 year career at Davies  Ward Phillips & Vineberg in the areas of M&A, corporate finance and  REITs, and has closely accompanied Cominar since its creation in May  1998. Sylvain has been a valuable advisor and close collaborator in the  development and growth of Cominar, which became one of the largest  REITs in Canada." Mr. Dallaire continued "This is a great addition to  the Cominar executive management team, and I look forward to working  with Sylvain in our efforts to continuously seek out accretive  acquisitions in accordance with our business plan and related  guidelines, while continuing to maximize value for our unitholders with  the diligence and efficiency that Cominar has always demonstrated". 

 Richard Cherney, Co-managing partner of Davies Ward Phillips & Vineberg  in Montréal, stated, "Sylvain epitomizes the values of this firm and  its people. We have no doubt that Sylvain will bring the same energy,  rigour and commitment to excellence to his new role as he has as a  legal practitioner and partner. While we will of course miss Sylvain as  a partner and colleague, he is and will remain a close friend of the  firm. We wish him and Cominar the greatest success and are proud to be  associated with such a first class organization." 

 Profile as at August 31, 2012 

 Cominar is the third largest diversified real estate investment trust in  Canada and currently remains the largest commercial property owner in  the Province of Québec. Cominar owns a real estate portfolio of 415  high-quality properties, consisting of 82 office, 158 retail and 175  industrial and mixed-use buildings that cover a total area of 30.7  million square feet in Québec, Ontario, the Atlantic Provinces and  Western Canada. Cominar's objectives are to pay growing cash  distributions to unitholders and to maximise unitholder value by way of  proactive management and the expansion of its portfolio. 

 Forward-Looking Statements 

 This press release may contain forward-looking statements with respect  to Cominar and its operations, strategy, financial performance and  financial condition. These statements generally can be identified by  the use of forward-looking words such as "may", "will", "expect",  "estimate", "anticipate", "intend", "believe" or "continue" or the  negative thereof or similar variations. The actual results and  performance of Cominar discussed herein could differ materially from  those expressed or implied by such statements. Such statements are  qualified in their entirety by the inherent risks and uncertainties  surrounding future expectations. Some important factors that could  cause actual results to differ materially from expectations include,  among other things, general economic and market factors, competition,  changes in government regulation and the factors described under "Risk  Factors" in the Annual Information Form of Cominar. The cautionary  statements qualify all forward-looking statements attributable to  Cominar and persons acting on its behalf. Unless otherwise stated, all  forward-looking statements speak only as of the date of this press  release. 



COMINAR REAL ESTATE INVESTMENT TRUST


CONTACT:  Mr. Michel Dallaire, P.Eng.President and Chief Executive Officer, Cominar Real Estate InvestmentTrust(418) 681-8151Mr. Michel BerthelotExecutive Vice President and Chief Financial Officer, Cominar RealEstate Investment Trust(418) 681-6300 ext. 2266 


    

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