CONCEPTUAL DRAWING VILLAGE PEDESTRIAN WALKWAY

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2 CONCEPTUAL DRAWING VILLAGE PEDESTRIAN WALKWAY 2 3

3 Contents WELCOME TO WILLOWBROOK OUR VISION 6 7 OUR LOCATION A DYNAMIC NODE OUR SHOPPING CENTRE TODAY OUR CURRENT MIX OUR SHOPPER OUR TRADE AREA 24 TRADE AREA POPULATION GROWTH 25 TRADE AREA HOUSEHOLD INCOME 28 TRADE AREA HOUSEHOLD INCOME GROWTH 29 SITE PLANS THE LIFESTYLE EXPANSION OPPORTUNITY AWAITS WORK IS UNDERWAY!

4 Welcome to Willowbrook: THE VISION Since opening its doors in 1979, Willowbrook has consistently achieved recognition for its memorable shopping experience and community embracement. With the Fraser Valley population growing, a long history of successful retailers, and a region that is ready for a bigger and better shopping experience, some exciting changes are on the horizon. Willowbrook is RENOVATING and EXPANDING! being designed for a Beautiful Life. The Project will be a vibrant, sustainable lifestyleoriented retail expansion that will be seamlessly linked to the newly renovated and expanded Willowbrook Shopping Centre, embracing the true west coast lifestyle. Accented by an abundance of natural beauty, modern west coast architecture, wood details, outdoor gathering spaces and contemporary landscaping, Willowbrook will leave visitors with an organic meeting place in the community. Upon completion, the new Willowbrook will be home to 200+ international, national, and local retailers, restaurants and service providers. CONCEPTUAL DRAWING - EXTERIOR SHOPPING CENTRE ENTRANCE 6 7

5 CONCEPTUAL DRAWING VIEW FROM WILLOWBROOK DRIVE CORNER 8 9

6 WAY 1 PARK ROYAL 2 PACIFIC CENTRE 3 OAKRIDGE 4 MCARTHURGLEN Our Location Willowbrook Shopping Centre is ideally located in the heart of the Fraser Valley, one of the fastest growing regions in the Lower Mainland. Located just 45 minutes southeast of Vancouver, Willowbrook is easily accessible from a number of major traffic arteries. A HORSESHOE BAY 60 MINUTES B TSAWWASSEN 35 MINUTES HIGHLIGHTS FERRY TERMINALS WILLOWBROOK INTERNATIONAL AIRPORTS 7 METROPOLIS AT METROTOWN 8 BRENTWOOD TOWN CENTRE 9 COQUITLAM CENTRE 10 GUILDFORD TOWN CENTRE C 40 MINUTES D ABBOTSFORD 25 MINUTES MAJOR REGIONAL CENTRES Horseshoe Bay UNIVERSITY OF BRITISH COLUMBIA S T R A I T A O F G E O R G I A WEST UPPER C LEVELS ENGLISH BAY 1 GRANVILLE ST. 4 5 OAK ST. HWY. RICHMOND Steveston B CAPILANO 2 3 CITY OF NORTH 6 HASTINGS ST. KINGSWAY RICHMOND Ladner NORTH S. TRANS Tsawwassen DELTA BELCARRA 7 NEW WESTMINSTER FRASER C ANADA CONNECTOR PERIMETER 8 HWY. RD. LADNER TRUNK RD. ANNAC IS BOUNDARY BAY BARNET HW Y. LOUG 10TH AVE. INDIAN HWY. HEED ARM FRASER ANMORE KING GEORGE BLVD. BUNTZEN WHITE ROCK MARY FRASER SURREY 56TH AVE. COQUITLAM PORT MOODY COQUITLAM 9 SIMON FRASER UNIVERSITY PORT BURNABY COQUITLAM ND ST. HILL LOUGHEED HWY. BYPASS PITT MEADOWS 176TH ST. HIGHWAY Cloverdale Blaine P ACIFIC HI GHWAY GOLDEN EARS 200T H ST. RIVER CITY OF LANGLEY 200T H ST. GLOVER RD. CANADA U.S.A. Haney PITT MAPLE RIDGE Fort Langley LANGLEY TRANS CANADA FRASER HIGHWAY BELLINGHAM HWY. ALDERGROVE Aldergrove Crossing HIGHWAY Aldergrove Lynden ALOUETTE HAYWARD MISSION ABBOTSFORD 11 Clearbrook D Mission City SOUTH FRASER WAY 12 SUMAS WAY H Abbo Su 5 RICHMOND CENTRE 6 TSAWWASSEN MILLS 11 HIGH STREET 12 SEVENOAKS 10 11

7 A Dynamic Retail Node Willowbrook Shopping Centre anchors one of the largest, most dynamic, retail nodes in the province, comprising over 2.5 million square feet in every possible format. Most major retailers are represented and for many, it was their first to market store. 1 BED BATH & BEYOND 14 STAPLES WEST TO / SURREY TRANS CANADA HIGHWAY #1 EAST TO ABBOTSFORD 2 BUY BUY BABY 3 MOUNTAIN EQUIPMENT CO-OP 15 THE BRICK 16 CHAPTERS SAFEWAY 5 SUPERSTORE 6 HOME DEPOT 7 HOME OUTFITTERS 8 OLD NAVY 17 HOMESENSE 18 WHOLESALE SPORTS 19 PIER 1 20 MILESTONES 21 CACTUS CLUB FRASER HIGHWAY STREET HIGHWAY 10 / LANGLEY BY PASS WALMART 10 LONDON DRUGS 22 OLIVE GARDEN 23 GOLF TOWN SOUTH TO SOUTH SURREY/WHITE ROCK 11 SAVE-ON FOODS 24 WINNERS 12 COSTCO 25 MICHAELS 13 CANADIAN TIRE 26 MARK S/ATMOSPHERE 12 13

8 Our Shopping Centre Today 1979 PHASE 1 BUILT 2007 MOST RECENT RENOVATION HUDSON S BAY, SEARS, SPORT CHEK, TOYS R US MAJOR TENANTS 150 NUMBER OF STORES $168,424,000 TO JULY 31, 2017 ANNUAL CRU SALES (EXCLUDES SEARS & HUDSON S BAY) 68,000 DAILY DRIVE BY TRAFFIC 3,188 PARKING CAPACITY 330,000+ ANNUAL WEBSITE VISITS 45,000 DIGITAL FOLLOWERS 650,000 SQ FT TOTAL GLA $675 SALES PER SQUARE FOOT 5,928,394 ANNUAL SHOPPER VISITS (ACTUAL 2016) 14 15

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10 Our Current Retail Mix Department Stores 320 Hudson s Bay 140 Sport Chek 145 Toys R Us / Babies R Us 400 Sears Women s Fashion 314 Aldila Boutique 235 Cleo 220 Dynamite 210 Garage Clothing Co. 402 La Senza 426C Northern Reflections 232 Plum 111 Reitmans 219A Ricki s 233 Serena Fashions 426B Sirens Unisex Fashion 439 American Eagle Outfitters 236 Below the Belt 227 Bench 101 Boathouse 219 Bootlegger 411 Le Château 107 Lids 110 Mountain Warehouse 427 Swimco 421A The Dog s Ear 500 Urban Planet 307 Warehouse One 455 West Zumiez Men s Fashion 403 Abito Menswear Children s Fashion 446 Justice 207 The Children s Place Shoes 228 Aldo 201 Call it Spring 226 Chic Angels 423 Foot Locker 234 Journeys 416 Payless Shoe Source 204 Ronsons 301 Shoe Warehouse 453 SoftMoc 101 Blackwell Jewellery & Accessories 213 Ann-Louise Jewellers 414 Arctic Canadian Diamonds 449 Ben Moss Jewellers 431 Claire s 214 Crystique 215 Golden Tree Jewellers 209 Icing K6 Metalsmiths 225 Michael Hill 216 Pandora 128 Peoples Jewellers Hair, Health, Beauty 136 Alive Health Centre 451 Bath & Body Works 311 Eccotique Day Spa & Salon 422 Escents Aromatherapy 132 Essentials Hair Design 460 GNC 112A Merle Norman 438A Nail Studio 109 Nutrition House 448 Perfume Club 459 Pizazz Hair Design 100A Sparky s Kutz for Kidz 447 The Body Shop 316 ToeToSoul Relax Lounge 117 Tommy Gun s Original Barbershop 311 Zennkai Salon Specialty & Gifts 205 Bentley 421 House of Knives 315 Science & Nature Co. 420 Showcase 309 Spencer s 422A Sunglass Hut Electronics & Photo 442 Bell World 202 EB Games 115A Fido 135 Foto Stop 133 Freedom Mobile 418 Kerrisdale Cameras 115C Koodo Mobile 108 Mobilinq 433 Rogers Wireless K7 Shaw 429 Simply Computing 129 Telus 300 The Source 109A Virgin Mobile 114A WIRELESSWAVE Home Furnishing & Décor 445 QE Home Quilts Etc 302 Willowbrook Art Gallery Food Court 410C A&W 409 Freshslice Pizza K8 Kernels 410B KFC 406 Teriyaki Experience 408 Manchu Wok 405 OPA! of Greece K1 Orange Julius 410A Taco Time 407 Thai Express Restaurants 130 Tim Hortons PAD White Spot Books & Cards 114 Carlton Cards 457 Coles 230 Hallmark Specialty Food 508 Clancy s Gourmet Meats 510 COBS Bread K2 Crepe Delicious 458 DAVIDsTEA 512 Kin s Farm Market 454 Mattu s Coffee & Tea 134 Purdys Chocolatier 112 Rocky Mountain Chocolate Factory 221 Starbucks 436 Subway 435 Sweet Factory Services Customer Service Centre 229 Flight Centre 115B Greenway Legal Centre K5 HomeLife Benchmark 317 Image Optometry K3 International Currency Exchange 131 Lenscrafters - Willowbrook Optometry Clinic K4 Lotto Centre 310 Pearle Vision - Dr. Andrew Kim & Associates Optometry 430A Stitch It 134A Trident Key & Engraving 437 Westland Insurance Group 438B Willow Dental Care 223 Willowbrook Dental Clinic 313 Willowbrook Drycleaning 432 Willowbrook Shoe Repair 18 19

11 CONCEPTUAL DRAWING UNDERGROUND PARKING 20 21

12 Our Shopper Willowbrook s shoppers are well educated, affluent, and are community and family-oriented. The majority of our shoppers are between 18 and 54 years of age, and the average household size is 3 people. Our shoppers are loyal, visiting Willowbrook 3.2 times per month, and spending just over an hour per visit on average. $95.10 AVERAGE SPEND 66% YEARS 55% HAVE A COLLEGE OR UNIVERSITY EDUCATION 70 MINUTES AVERAGE CUSTOMER VISIT 61% SUBURBAN UPSCALE FAMILIES $100,070 AVERAGE HOUSEHOLD INCOME 30.6% HIGHER THAN CDN AVERAGE Mustel Group Market Research Study 22 23

13 WAY Our Trade Area OUR TRADE AREA Trade Area Population Growth Willowbrook s primary trade area is projected to increase by 17% by KM 15KM TOTAL POPULATION 246, ,237 UNIVERSITY OF BRITISH COLUMBIA ENGLISH BAY CITY OF NORTH HASTINGS ST. TRANS BURNABY C ANADA HWY. PORT MOODY COQUITLAM PORT COQUITLAM BARNET HWY. SIMON FRASER UNIVERSITY AL LAK HOUSEHOLDS 90, ,485 GRANVILLE ST. OAK ST. KINGSWAY LOUG NEW WESTMINSTER 10TH AVE. HEED FRASER MARY HILL LOUGHEED HWY. BYPASS PITT MEADOWS RIVER MAPLE RIDGE Haney OWNED 82.5% 80.5% S T R A I T O F G E O R G I A RICHMOND RICHMOND Steveston Ladner S. FRASER CONNECTOR PERIMETER RD. DELTA LADNER TRUNK RD. ANNAC IS HW Y. KING GEORGE BLVD. FRASER SURREY 152ND ST. 56TH AVE. 176TH ST. HIGHWAY Cloverdale GOLDEN EARS 200T H ST. W CITY OF LANGLEY GLOVER RD. Fort Langley LANGLEY TRANS CANADA HWY. HIGHWAY HOUSEHOLD SIZE Tsawwassen BOUNDARY BAY WHITE ROCK Blaine P ACIFIC HI GHWAY 200T H ST. CANADA U.S.A. FRASER HIGHWAY BELLINGHAM ALDERGROVE Aldergrove Crossing Aldergrove Lynden AVERAGE HOME VALUE $689,000 $734,866 Source: 2014 Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada s Open Data Policy. YEAR 1O KM 15 KM % 11% 5% % 10% 8% 24 25

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15 WAY Trade Area Household Income The average household income in Willowbrook s trade area is $100,070, 30.6% higher than the Canadian average. By 2024, household income in both Willowbrook s primary and secondary trade areas is projected to increase significantly by 18% to $117, $120,000 $115,000 $110,000 $105,000 $100,000 $95,000 $90,000 $85,000 $80,000 $75,000 $70,000 $65,000 $60,000 $55,000 $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 FORECASTED INCOME FOR 2024 IS $118,000 rseshoe Bay UNIVERSITY OF BRITISH COLUMBIA S T R A I T Lions Bay WEST O F G E O R G I A UPPER LEVELS ENGLISH BAY CAPILANO HWY. GRANVILLE ST. OAK ST. RICHMOND Steveston CITY OF CITY OF NORTH KINGSWAY RICHMOND Ladner HASTINGS ST. Tsawwassen YEAR S. TRANS C ANADA FRASER SEYMOUR BURNABY NEW WESTMINSTER CONNECTOR PERIMETER HWY. RD. DELTA LADNER TRUNK RD. Trade Area TRADE AREA HOUSEHOLD Household INCOME Income COQUITLAM NORTH BUNTZEN GROWTH ANNAC IS BOUNDARY BAY Growth BARNET SIMON FRASER UNIVERSITY HW Y. LOUG 10TH AVE. 1O KM INDIAN BELCARRA ARM HWY. HEED FRASER ANMORE PORT MOODY KING GEORGE BLVD. WHITE ROCK MARY FRASER SURREY 56TH AVE. COQUITLAM PORT COQUITLAM 152ND ST. 15 KM HILL LOUGHEED HWY. PITT MEADOWS BYPASS 176TH ST. HIGHWAY Cloverdale Blaine P ACIFIC HI GHWAY GOLDEN EARS 200T H ST. W RIVER CITY OF LANGLEY 200T H ST. GLOVER RD. CANADA U.S.A. MAPLE RIDGE Haney Fort Langley LANGLEY Source: 2014 Environics Analytics acquires and distributes Statistics Canada files in accordance with the Government of Canada s Open Data Policy. PITT TRANS CANADA FRASER HIGHWAY HWY. BELLINGHAM ALDERGROVE Aldergrove Crossing HIGHWAY Aldergrove Lynden AL AVERAGE HOUSEHOLD INCOME % 20% 20% % 18% 17% 28 29

16 DN DN DN DN s s s s s DN TODAY Today TODAY PROPOSED SITE PLAN Tomorrow TOMORROW WILLOWBROOK DRIVE PROPOSED GROCERY SFT 8000 SFT SFT LINEAR PARK SFT 5 PARKADE ACCESS SFT 4000 SFT SFT 4 EXTENT OF PARKADE PARKADE ACCESS WILLOWBROOK DRIVE EXTENT OF PARKADE SFT PARKADE SFT ACCESS SFT SFT SFT EXTENT OF PARKADE SFT SFT SFT 15 THE BAY SFT (2 LEVELS) PROPOSED SPORT CHEK SFT s s s s s PROPOSED TOYS 'R' US SFT SFT SEARS SFT FRASER HIGHWAY LANGLEY BY-PASS (No. 10 HIGHWAY) SITE PLAN SCALE 1: M 60M 120M 30 31

17 The Lifestyle Expansion Along with an extensive range of retail, restaurants and services, there are many unique features of the Willowbrook Expansion: The lifestyle expansion is designed to optimize dynamic flow of pedestrians and vehicles as well as maximize visibility and access while simultaneously creating hubs for social gatherings in beautiful surroundings to increase customer dwell time. Contemporary design will incorporate the spirit of west coast architecture. The centre will be a community draw for its aesthetically pleasing design, merchandising mix of best-in-class retailers, as well as its comfort and functional ease. The expansion, situated on the northwest portion of the strategically located site, takes advantage of multiple entrances to Willowbrook Drive (located just off 200th Street). Presently, the centre contains a GLA of 646,363 square feet; once the expansion is complete, there will be an approximate total GLA of 771,626 square feet, comprising 190,000 square feet of additional, open-air retail space. 1 PARKADE ACCESS EXTENT OF PARKADE LINEAR PARK 2 3 PARKADE ACCESS EXTENT OF PARKADE EXTENT OF PARKADE PARKADE ACCESS Featuring two seamless entrances from the north side of the existing enclosed mall to the expansion. The use of glass and natural elements brings the outside in and facilitates shopper traffic flow between the enclosed and open air lifestyle expansion. Flexible unit size and configuration options to meet a variety of retailer needs. Approximately 1,000 parking stalls will be provided within close proximity to the expansion

18 Opportunity Awaits Willowbrook s exciting new shopping environment will create an ideal venue for retailers who want to target an affluent, well-educated, rapidly growing market. POPULATION BASE The Centre s 10 km and 15 km trade area population growth rates are some of the fastest in British Columbia. BOOMING HOUSING MARKET Many urban families are choosing to relocate to Langley and surrounding areas to increase their quality of life and to be a part of a growing community. GROWING INCOME The average household income in the Centre s primary trade area is well above the Canadian average. FAMILY-FRIENDLY The Centre s trade area is family-oriented; it is one of the best places to live and play with its clean, safe communities, outdoor adventure, and recreation opportunities. BUSINESS-FRIENDLY With a diverse economic base that includes, agricultural and manufac-turing industries, and a very strong retail and service sector, the Centre s trade area offers excellent potential for businesses. CONCEPTUAL DRAWING - INSIDE ENTRANCE 34 35

19 CONCEPTUAL DRAWING INTERIOR COMMON AREA 36 37

20 Work is Underway! Phase 1 - Toys R Us and Sport Chek have been relocated into exciting, larger format stores on the southwest side of the shopping centre adjacent to Fraser Highway. These retail champions have brought their A game, creating a new energy at this location, combined with a dramatic new glass entrance that showcases the upcoming renovations west coast aesthetic. With these store relocations complete, we are now poised to undertake the lifestyle expansion projects and continue with the interior mall upgrades. PHOTO AUGUST

21 CONCEPTUAL DRAWING EXTERIOR ENTRANCE LARISSA JACOBSON Senior Director, Leasing (604) The information contained herein has been obtained from sources deemed to be reliable but does not form part of any future contract and is subject to independent verification by the reader. The property is subject to prior letting, withdrawal from the market and change without notice.