Increased financing proof of value add creation

LONDON, Ontario – July 20, 2021 – CCI Corpfin Capital Inc. and McCOR Management are pleased to announce a refinancing of their Westmount Commons redevelopment project in London, Ontario which will see the current shopping centre evolve into a mixed-use development that will be better able to serve the needs of a changing community. 

The successful refinancing allows the project to continue with its dramatic repositioning of the asset with very competitive and affordable terms of financing made available by the Toronto-Dominion Bank and increasing from $22 million to $30 million commencing with an initial draw of $ 3.2 million. 

The upward financing is a testament of the value add creation to date, taking the project from less than 50% occupancy when acquired in 2018 to over 75% occupied and committed leasing by July 2021. 

Gord Wiebe, CEO and Principal, CCI Corpfin Capital states, “the success of the project continues and validates the asset management plan to transform a two-level fashion mall to a vibrant mixed-use amenity offering retail, medical and professional office and experiential retail.”  Further details on this project and other redevelopments of commercial assets across Canada, please visit our website at www.corpfincapital.ca. 

For more information and interview requests, please contact: 

Gord Wiebe 

CEO & Principal, CCI Corpfin Capital Inc.  403 923 4343 

gwiebe@corpfincapital.ca 

OR 

Luc Corneli 

Principal & Co-Founder, McCOR Management Inc. 416 494 3192 

lcorneli@mccor.ca 

About Westmount Shopping Centre 

In the heart of Canada’s first planned community, originally developed by legendary builder Mowbray Sifton, in London, Ontario, Westmount Shopping Centre is being reimagined by McCOR Management in partnership with CCI Corpfin Capital Inc..  Rolling out over three phases, Westmount will be reborn as a community hub to support the needs of an active and engaged neighbourhood – a place to live, work, learn, play, and shop.  The Westmount project is poised to help write the next great chapter in mixed-use development. 

About CCI Corpfin Capital Inc. 

CCI is an asset management service provider with its own proprietary funds that co-invest with selected clients and focus on value creation and opportunistic acquisitions of commercial real estate across Canada in all asset classes. 

For further information about CCI Corpfin Capital, visit www.corpfincapital.ca 

About McCOR Management 

McCOR Management has offices in Calgary, Edmonton, Gatineau, Regina, Toronto, Vancouver and Winnipeg, offering the national reach needed to best serve leading investors and occupiers whilst retaining the local expertise to accommodate smaller firms and sole proprietorships competitively.  The formation of McCOR Management creates one of Canada’s largest privately-owned real estate development and property management companies, with over $3 billion of assets under management. 

For further information about McCOR Management, visit www.mccor.ca 

CCI Corpfin Capital Inc.(“CCI”) is pleased to see the addition of Mr. Ken Yee to the McCor Management team. Ken specializes in retail leasing and capital markets as an industry veteran based out of Winnipeg, Canada. McCor is a trusted service partner of CCI on it’s redevelopment initiatives including Westmount Commons which is a major conversion from broken retail to a successful mixed use project in London, Ontario co-owned by Kingsett Capital and CCI. Please review the attached McCor press release for further information.

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April 26, 2021 – Winnipeg, MANITOBA - Our Team continues to grow! McCOR is pleased to announce the addition of industry veteran Ken Yee to lead McCOR’s Western leasing and capital market initiatives as well as provide support to our national leasing team.

“Ken is highly respected in the real estate industry and we’re pleased to welcome him to our growing team,” said Luc Corneli and Doug McDonald, Founders and Principals of McCOR Management. “He’s a perfect fit and we look forward to working with Ken to expand the Western retail platform.”

The addition of Ken Yee certainly helps McCOR by adding in leasing and sales to our management component says Curtis Loewen COO of McCOR.

Bringing over 30 years experience in comprehensive real estate expertise and guidance, Ken’s transactional knowledge gained while with Cushman & Wakefield in retail leasing, development and sales garnered over one million square feet of retail development and leasing while brokering over $1B in investment transactions, demonstrating his indepth skill sets provided to clients. Ken’s commitment to the needs of his clients has earned him a reputation as a dedicated, results-oriented, skilled negotiator.

Ken has successfully obtained exclusive site procurement mandates from national retailers such as Save on Foods, Safeway, No Frills, Shoppers Drug Mart, Mark’s Work Wearhouse, Goodlife Fitness, Royal Bank, TD Bank, and BMO. In addition, other notable career achievements include the assembling, leasing and disposition of the 450,000 square foot landmark Kenaston Common, 125,000 square foot Bridgwater Town Centre, 180,000 square foot demall of the Northgate Shopping Centre and the arena-centric, Centrepoint development near Bell MTS Place in Winnipeg.

“I have always had a passion for thinking outside-the-box with the goal of creating engaging retail environments and experiences. This is a good fit for me at McCOR and I’m truly excited for the opportunities ahead of us as retail real estate resets post-pandemic” said Yee.

McCOR has been an industry leader in repositioning a variety of assets across Canada using its many Value Add approaches to Management and Leasing.

For more information on Western leasing and capital market initiatives for McCOR , please contact:

Ken Yee

Executive Vice President - Realties West, McCOR

Kyee@mccor.ca

(204) 594 – 9941

About McCOR

McCOR Management has offices in Calgary, Edmonton, Gatineau, Laval, Regina, Toronto, Vancouver, Yellowknife and Winnipeg, offering the national reach needed to best serve leading investors and occupiers whilst retaining the local expertise to accommodate smaller firms and sole proprietorships competitively. The formation of McCOR Management creates one of Canada’s largest privately-owned real estate development and property management companies, with over $3-billion of assets under management. For further information about McCOR Management, visit www.mccor.ca

FOR IMMEDIATE RELEASE

TORONTO, Ontario – February 25, 2021 – Gordon Wiebe, CEO of CCI Corpfin Capital Inc. is pleased to announce the appointment of Mr. Faruq Rashid to the position of Vice President Finance and Acquisitions.

“Faruq is a welcome addition with his skillset and experience, especially in previous roles of Vice President of Finance and Acquisitions for a major retail owner developer and his current Multi-Residential Portfolio experience,” said Gordon Wiebe, CEO of CCI Corpfin Captial Inc. “This added horsepower will help position CCI Corpfin on its current fund and acquisition expansion capabilities.”

Faruq will be responsible for Acquisitions, Financing, Co-investor Reporting and Asset Positioning Programs working closely with McCor Management for deliverables to existing and future clients.

For more information, please contact:

Gordon Wiebe, CEO & Principal, CCI Corpfin Capital Inc.

Gwiebe@corpfincapital.ca

(403) 923-4343

About CCI Corpfin Capital Inc.

CCI Corpfin Capital Inc. was created as a real asset management company which controls and manages its own private equity funds while venture partnering with some of Canada’s largest institutional pension funds and private equity funds in value-add real estate opportunities across Canada in both major and secondary markets.Founded in 2016, the company has acquired significant office and retail redevelopments in Ontario and Winnipeg which required over $40 million in redevelopment capital to complete.The company’s ownership and management ensures its own equity is put into every deal with “skin in the game” to align interests on returns and results with its partners.CCI Corpfin Capital is sought after by various funds for its redevelopment expertise and is actively acquiring more properties across Canada.For more information, visit www.corpfincapital.ca