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					                        Manitoba Region|Commercial
WINNIPEG
363 BROADWAY
                        Additional Costs-Realty Taxes, Operating Costs at $10.62 psf.
                        SUITE       SQUARE FEET           NET RATE PSF        COMMENTS

                        200              3,004            $12.00            Undeveloped.
                        350              2,200            $12.00            Undeveloped. Size subject to measurement.
                        405              1,010            $12.00            Undeveloped.
                        410              1,872            $12.00            Developed office space.
                        960              1,666            $12.00            2 large private offices.
                        1000             3,042            $12.00            Extensive office development.
                        1210               798            $12.00            2 private offices.
                        1250             1,036            $12.00            2 private offices.
                        1260             1,178            $12.00            Undeveloped.
                        * Units 1260 and 1250 can be combined to make a unit of 2,214 square feet.
                        * Units 410 and 405 can be combined to make a unit of 2,882 square feet.

444 ST. MARY AVENUE
                        Additional Costs-Realty Taxes, Operating Costs at $11.37 sf.
                        SUITE       SQUARE FEET           NET RATE PSF        COMMENTS

                        1105               814            $13.00           2 private offices.
                        1150               759            $13.00           2 private offices.
                        1460             1,385            $13.00           3 private offices.
                        1470             3,421            $13.00           6 private offices.
                        1600           14,466             $13.00           Full floor. Extensive office development.
                        1820             5,088            $13.00           Undeveloped.
                        * Units 1105 and 1150 can be combined to make a unit of 1,573 square feet.

155 CARLTON AVENUE AT LAKEVIEW SQUARE
                  Additional Costs-Realty Taxes, Operating Costs at $10.65 psf.
                        SUITE       SQUARE FEET           NET RATE PSF        COMMENTS

                        * Fully Leased*




                        F OR L EASING   ENQUIRIES PLEASE CONTACT :

                        ART GIESBRECHT            T   204.632.9500                E AGIESBRECHT @ MORGUARD. COM
                        MIKE VERHOSKI             T   204.632.9500                E MVERHOSKI @ MORGUARD. COM
 09 07                  Morguard Investments Limited
                        Suite 1400-363 Broadway Winnipeg, MB R3C 3N9 T 204.632.9500 F 204.632.1122
AIRPORT EXECUTIVE CENTRE
1780 AND 1790 WELLINGTON AVENUE
                    Additional Costs-Realty Taxes, Operating Costs at $8.25 psf.
                        SUITE      SQUARE FEET           NET RATE PSF     COMMENTS

                        103             1,792                $12.75       Wide open area.
                        116             1,656                $12.75       Private office, kitchen area, open area, front access.
                        112             2,340                $12.75       1 private office, washroom, reception area, main floor
                                                                          access, large storage area(suitable for redevelopment).
                        114             2,119                $12.75       Main floor unit, open area.
                        201             1,527                $12.75       Undeveloped.
                        301             1,904                $12.75       Open area ready for development.
                        500             9,038                $12.75       Extensive development. Available August 2008.




                        F OR L EASING   ENQUIRIES PLEASE CONTACT :

                        ART GIESBRECHT           T   204.632.9500             E AGIESBRECHT @ MORGUARD. COM
                        MIKE VERHOSKI            T   204.632.9500             E MVERHOSKI @ MORGUARD. COM
 09 07                  Morguard Investments Limited
                        Suite 1400-363 Broadway Winnipeg, MB R3C 3N9 T 204.632.9500 F 204.632.1122
                          Manitoba Region|Industrial

Sherwin Road Industrial Park
15-85 KEITH ROAD
                          Additional Costs-Realty Taxes, Operating Costs at $2.88 psf
                          SUITE       SQUARE FEET           NET RATE PSF       COMMENTS

                          65             14,582                  $4.75         1 private office, large open area for work stations,
                                                                               boardroom, reception area, dock level loading.


Sherwin Road Industrial Park
6-78 STEVENSON ROAD
                  Additional Costs-Realty Taxes, Operating Costs at $2.88 psf.
                          SUITE       SQUARE FEET           NET RATE PSF       COMMENTS

                          40               5,500                 $5.00         Undeveloped warehouse, dock level loading.


Sherwin Road Industrial Park
1226 SHERWIN ROAD
                          Additional Costs-Realty Taxes, Operating Costs at $2.69 psf
                          SUITE       SQUARE FEET           NET RATE PSF       COMMENTS

                          1226             3,750                 $6.00         3 private offices, kitchen, warehouse, dock level loading,
                                                                               Sherwin Road frontage.
                          1216             3,750                 $6.00         3 private offices, kitchen area, open area, dock and grade
                                                                               level loading.


Westview Place
1391 AND 1421 ST. JAMES STREET
                      Additional Costs-Realty Taxes, Operating Costs at $3.15 psf.
                          SUITE       SQUARE FEET           NET RATE PSF       COMMENTS

                          17-1421          6,150                 $5.00         Approximately 50% is large open area ready for
                                                                               development with remainder warehouse, 18’ clear ceiling
                                                                               height, dock loading.
                          12-1421          2,986                 $5.25         Sub-let opportunity. Head lease expires July 2010.


Century Plaza
977-1007 CENTURY STREET
                    Additional Costs-Realty Taxes, Operating Costs at $3.14 psf.
                          SUITE       SQUARE FEET           NET RATE PSF       COMMENTS

                          981              4,140                 $5.00         Excellent location on Route 90, dock loading, available on
                                                                               30 days notice.



                          FOR LEASING ENQUIRIES PLEASE CONTACT :

                          ART GIESBRECHT            T   204.632.9500                E AGIESBRECHT @ MORGUARD. COM
                          MIKE VERHOSKI             T   204.632.9500                E MVERHOSKI @ MORGUARD. COM
NEW LEASING OPPORTUNITY-1670 INKSTER BOULEVARD



                   We have recently acquired the building located at 1670 Inkster Blvd. Commencing September 1, 2006, we will be
                   marketing the property, which has the following features and specifications:

                            o    42 706 square feet. (May be sub-divided into two units)
                            o    22’ clear ceiling height.
                            o    Fully sprinklered.
                            o    Dock and grade level loading.
                            o    Compound space.
                            o    Ample on-site parking
                            o    Air conditioned.
                            o    Base rental rate of $4.75 per square foot.
                            o    Operating costs and Property Taxes of $2.53 per square foot.

                   Please contact Mike Verhoski for additional information.


NEW WAREHOUSE DEVELOPMENT – 1881 BURROWS AVENUE



                   Site available to develop up to 60,000 square foot warehouse project adjacent to the Daimler Chrysler building located
                   on Inkster Blvd. and Burrows Avenue. Available in minimum rental units of 20,000 square feet, the project could be
                   developed with the following features:

                            o    22’ and 24’ clear ceiling height.
                            o    Fully sprinklered.
                            o    Dock and grade level loading.
                            o    Compound space.
                            o    Parking for 98 vehicles.

                   Please contact Arthur Giesbrecht or Mike Verhoski for additional information.


NEW COMMERCIAL DEVELOPMENT – 1450/1460 WAVERLY STREET



                   Site available to develop up to 80,000 square feet of office/commercial space in Fort Garry on high traffic location.
                   Construction planned for spring of 2008.

                   Please contact Arthur Giesbrecht or Karen Lund for additional information.




                   FOR LEASING ENQUIRIES PLEASE CONTACT :

                   ART GIESBRECHT          T   204.632.9500                   E AGIESBRECHT @ MORGUARD. COM
                   MIKE VERHOSKI           T   204.632.9500                   E MVERHOSKI @ MORGUARD. COM
FOR LEASING ENQUIRIES PLEASE CONTACT :

ART GIESBRECHT    T   204.632.9500       E AGIESBRECHT @ MORGUARD. COM
MIKE VERHOSKI     T   204.632.9500       E MVERHOSKI @ MORGUARD. COM

				
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