Dundee Real Estate Investment Trust operates as an unincorporated, open-ended real estate investment trust. The trust engages in the ownership, acquisition, leasing, and management of mid-sized urban and suburban office and industrial properties in Canada. Through Dundee Management LP, the trust provides property management services to its tenants and other businesses. REAL ESTATE PORTFOLIO As of December 31, 2006, the trust owned a diversified portfolio of 236 office and industrial properties as well as three redevelopment properties offering approximately 18.9 million square feet of gross leasable area, located primarily in its target markets of Montreal, Ottawa, Toronto, Calgary and Edmonton. Core office and industrial properties account for 18.4 million square feet of the trust’s total gross leasable area. The properties in the trust’s portfolio consist of mid-sized central business district and suburban office buildings, industrial buildings and regional community or neighbourhood retail centres located in urban markets. Office Properties The Trust’s office portfolio comprises interests in 110 office properties (135 buildings) located in Canada, of which its wholly-own 106 properties. These office properties total approximately 10.9 million square feet of gross leasable area, of which the trust’s interest is approximately 10.1 million square feet. As at December 31, 2006, the trust’s office properties had an average occupancy rate of approximately 97.0%. Newfoundland Scotia Centre: The Trust owns 100% of the Scotia Centre, a 190,000 square foot, eleven-storey Class A office building located in St. John’s. The building was constructed in 1987 and is leased to a Canadian chartered bank, Husky Oil and Petro Canada. Quebec 400-480 boulevard Armand Frappier, Laval: The Trust owns 100% of this four building office and laboratory complex located in the Montreal suburb of Laval. 9975-9995 avenue Catania, Brossard: The Trust owns 100% of this 124,000 square foot multi-tenant flex office building located in Brossard. 7400 boulevard les Galeries D’Anjou, Montreal: The Trust own 100% of this six-storey Class A suburban office building located in the eastern Montreal suburb of Anjou, opposite a 1,000,000 square foot superregional shopping centre. 1000 boulevard Saint-Jean, Pointe-Claire: The Trust owns 100% of this 110,000 square foot, seven-storey suburban office building located in Montreal’s west island suburb of Pointe-Claire. 8250 boulevard Decarie, Montreal: The Trust owns 100% of this four-storey Class A suburban office building located along the Decarie Expressway in Montreal. 30-56 du Vallon, Quebec City: The Trust owns 100% of this flex office building located in the Quebec City suburb of Levis. 1400 de la Rive-Sud, Quebec City: The Trust owns 100% of this 77,000 square foot five-storey office building located in the Quebec City suburb of Levis. 7450 boulevard les Galeries D’Anjou, Montreal: The Trust owns 100% of this five-storey Class A suburban office building located in the eastern Montreal suburb of Anjou, adjacent to 7400 Boulevard les Galeries D’Anjou. 8200 boulevard Decarie, Montreal: The Trust owns 100% of this three-storey Class A suburban office building located along the Decarie Expressway in Montreal. 2800 avenue Marie-Curie, Montreal: The Trust owns 100% of this two-storey office and laboratory building located in Technoparc Saint-Laurent adjacent to the Pierre Elliot Trudeau International Airport in Montreal. 2310 boulevard Alfred- Nobel, Montreal: The Trust owns 100% of this two-storey freestanding office and laboratory building located in Technoparc Saint-Laurent adjacent to the Pierre Elliot Trudeau International Airport in Montreal. Ontario 975 boulevard Saint-Joseph,Gatineau: The Trust owns 100% of this 194,000 square foot, five-storey, suburban office building in Gatineau, Quebec, which it has included in its National Capital Region portfolio. The federal and provincial governments are the primary tenants. 222-230 Queen Street (Capitol Square), Ottawa: The Trust owns 100% of this 14-storey, 204,000 square foot, Class B office tower locat
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State Street Financial Centre
30 Adelaide Street East
Toronto, ON M5C 3H1
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