Office Lease

Construction Management

351 King East

Development

Leasing

Construction

Finance

Property Management

Design-Build

Aviva

JONATHAN WEINBERG

Senior Vice President of Retail

Mike O'Connor

Retail Leasing Coordinator

Kennedy Commons

Bradford White

357 King Street West

Monde

Toronto-based real estate company branches out from traditional asset classes with multiple innovative developments&nbsp;Roman Brailovski, Vice President, Strategic Initiatives and Operations discusses First Gulf’s vertically integrated platform and positive momentum across a variety of asset classes in the latest issue of the DDC Journal.&nbsp;<a href="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/283157_First_Gulf_d3c587f0c9.pdf" target="_blank" rel="noopener noreferrer">Read the full article here&nbsp;</a>&nbsp;<figure class="image"><a href="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/283157_First_Gulf_d3c587f0c9.pdf" target="_blank" rel="noopener noreferrer"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/magazine_mock_1_55c526d6c5.png"></a></figure>&nbsp;&nbsp;&nbsp;&nbsp;

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Life Science Expansion (DDC Journal – Winter 2022)

We are proud to announce that Toronto City Council has approved First Gulf’s new King East Centre development. Located along Front Street East and Princess Street in Toronto’s St. Lawrence Neighbourhood and within the City’s original 10 blocks, this new development will consist of a 28-story office tower, 39-story residential tower, retail and public space.Building upon our success within this vibrant city neighbourhood with the recently completed offices at 333 King Street East (home of Coca Cola and George Brown amongst others), 351 King Street East (The Globe and Mail Centre) and 25 Ontario Street (The Shift, currently under construction, we are excited to invigorate this growing area with live, work and play opportunities.In collaboration with WZMH Architects, Urban Strategies Inc. and STUDIO tla, BA Group and R.J. Burnside, we were able to achieve this milestone and move towards bringing the King East Centre to reality.&nbsp;<figure class="image"><img src="https://greatgulfstrapi.blob.core.windows.net/greatgulf/assets/kec3_1d454be0f2.jpeg"></figure>&nbsp;

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Building Success in Toronto’s Downtown East Node

Mississauga, ON – (June 1, 2022) – First Gulf Corporation (“First Gulf”) has partnered with Spear Street Capital (“Spear Street”), a world-renowned owner and developer of healthcare, research and technology-oriented properties in the United States, Canada and Europe, to re-develop the former Element head office site located within the Sheridan Research Park at 2395 Speakman Drive in south Mississauga, Ontario.&nbsp;The 24.34 acres site was purchased in December 2021 by First Gulf and is now being redeveloped by the partners into a state-of-the-art life sciences campus that can accommodate up to 350,000 square feet of laboratory, office, innovation, and technology space. The initial phase of the development will consist of approximately 145,000 square feet.&nbsp;“We are thrilled to partner with Spear Street Capital on this project. Combining Spear Street’s extensive expertise in life sciences with our execution capabilities will allow us to develop a world-class research and development facility in an outstanding location. We believe that there is significant demand for a development of this caliber and look forward to delivering our first buildings in late 2023” says David Carreiro, President of First Gulf.&nbsp;First Gulf and Spear Street will provide additional information on this project in the coming months.&nbsp;For more information on this project, please contact:Michael Rak, Vice President, Spear Street Capital <a href="mailto:mrak@spearsteetcapital.com">mrak@spearsteetcapital.com</a> or 212-488-1653Roman Brailovski, Vice President, Strategic Initiatives &amp; Operations, First Gulf <a href="mailto:rbrailovski@firstgulf.com">rbrailovski@firstgulf.com</a> or 416-773-7060&nbsp;About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $5 billion. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. <a href="http://www.firstgulf.com">firstgulf.com</a>&nbsp;About Spear Street Capital Founded in 2001, Spear Street Capital is an owner, developer and operator of distinctive healthcare and research &amp; technology-oriented properties located in the United States, Canada and Europe. Spear Street Capital focuses on assets and portfolios greater than $25 million in total value, targeting well-conceived and located properties that can succeed through creative leasing efforts, physical improvements, entitlement changes or realization of adaptive re-use strategies. <a href="http://www.spearstreetcapital.com">spearstreetcapital.com</a>

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First Gulf and Spear Street Capital partner to develop state-of-the-art life sciences campus

<h4>The partnership acquired the 13.4 acre site to develop small-bay industrial condos for owner-users and investors.</h4>First Gulf and Nicola Wealth Real Estate (NWRE) announce their partnership in the acquisition of 574-576 Bronte Road in Oakville, Ontario. The partners will co-venture on the 13.4-acre property located immediately south of Highway 403, on the West side of Bronte Road at the intersection with Speers Road."We are excited to further expand our industrial development pipeline in Ontario with First Gulf who is a trusted and reputable partner," says Ron Bastin, Director of Acquisitions at Nicola Wealth Real Estate. "The property is situated in a strong industrial node and we look forward to launching a unique industrial condo project, leveraging our experience and success with similar projects in Western Canada. This will be the first of a number of new industrial condo projects we are looking to grow in the GTA and Montreal.""Our strategy is to develop multiple small-bay industrial condo buildings with units ranging from approximately 2,500 to 4,000 sf," says David Carreiro, President of First Gulf. "This project will appeal to owner-users seeking to acquire a modern industrial unit in a market that is starving for both ownership options as well as new inventory. The offering provides users optionality to the rapid and ongoing increase in lease rates."First Gulf and Nicola Wealth Real Estate have collaborated on several other projects in the GTA including a large development property immediately across Bronte Road, known as Bronte Station Business Park which will comprise over 365,000 sf of modern industrial distribution space.&nbsp;About Nicola Wealth Real EstateNicola Wealth Real Estate (NWRE) is the in-house real estate team of Nicola Wealth, a premier Canadian financial planning and investment firm with $12.1 billion (CAD) of assets under management. NWRE has an experienced and innovative team that sources and asset manages a growing portfolio of properties in major markets across North America spanning a diversified range of asset classes which include industrial, multi-family rental apartment, office, self-storage, retail and seniors housing. With the acquisition of Blackwood Partners, the current NWRE portfolio now exceeds $8 billion gross asset value.&nbsp;About First GulfFirst Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company's inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America's premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group's fully-integrated activities span the entire real estate spectrum.&nbsp;MEDIA CONTACTAlex Heming 416.773.7295 aheming@firstgulf.com

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First Gulf and Nicola Wealth Real Estate acquire Oakville site slated for Industrial Condos

First Gulf has continued to execute on its strategic growth and diversification plan with the acquisition of the 24-acre 2395 Speakman Drive in Mississauga.&nbsp;Located within the Sheridan Research Park, the site is currently improved with a 230,000 sq. ft. life sciences building and has permitted density that would allow for significant potential expansion.&nbsp;Sheridan Research Park is situated along the QEW, 3 KM from Clarkson GO station and less than 25 minutes away from both Pearson Airport and downtown Toronto.&nbsp;“We have a strong relationship with the City of Mississauga and are delighted by the opportunity to continue our investment there,“ said David Carreiro, President of First Gulf. “We are particularly excited by the prominent location and versatility of this site. The existing building affords us the opportunity to enter the life sciences space, while the broader site allows for significant additional density across several attractive asset classes.”&nbsp;First Gulf will provide additional information about its plans for this site in the coming months.&nbsp;For more information on this acquisition, or First Gulf’s services, please contact Roman Brailovski, Vice President, Strategic Initiatives &amp; Operations at rbrailovski@firstgulf.com or 416-773-7060.About First Gulf First Gulf is an award-winning leader in the development of office, industrial, mixed-use and retail properties with developed assets of over $4 billion completed since the company’s inception in 1987. First Gulf is a fully integrated development company and is involved in all aspects of real estate development, from land acquisition and planning approvals to design-build, construction, leasing, financing and property management. To date, First Gulf has developed and constructed over 30 million sf of office, retail, and industrial real estate. First Gulf is part of the Great Gulf Group, one of North America’s premier real estate organizations. Established in 1975, with major projects in Canada and the United States, the Group’s fully-integrated activities span the entire real estate spectrum.&nbsp;Media Contact Andy Gibb 416.773.7157 <a href="mailto:agibb@firstgulf.com">agibb@firstgulf.com</a>

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First Gulf purchases the former Element head office within the Sheridan Research Park in south Mississauga

As the commercial arm of the award-winning residential developer and builder Great Gulf Homes, First Gulf is a proven market leader with more than $4-billion in developed assets.

From greenfield to redevelopment projects, urban to suburban, master planned retail to street-front retail, business parks to office towers, mixed use office/retail to residential/retail, First Gulf offers a broad portfolio of unique leasing opportunities. Our team of executives pool their commercial, retail, office and industrial real estate expertise, fostering strong broker-tenant relationships and drawing from advice, experience and industry contacts along the way. As leasing leaders who have a full complement of finance, planning, development, and construction experts to support each deal, we have the creative solutions to meet tenant's needs. Please visit our Availabilities Page for a complete listing of the properties we currently have available, and our Success Stories Page for further examples of developments which have been successfully leased.

As respected leasing experts, we've worked with local and international tenants across a wide range of industries, creating spaces that truly work.

As leaders in commercial construction, the First Gulf name has become synonymous with construction success. Working in tandem with each First Gulf service group, our construction team has a thorough understanding of the entire project cycle, and can alert the team to potential challenges early-on in the process. We see planning, design and construction as a single, integrated task, broken down into manageable phases involving different teams working towards the single goal of successfully delivering the project. This goal is the same whether we are building for ourselves and meeting tenant schedule needs, operating within a third-party's budget, or collaborating as part of a design-build process. We are highly-familiar with design-build, construction management and lump sum contracts, our team has partnered with in-house as well as third-party developers in order to efficiently obtain permits and approvals, provide value-engineering, or simply come in with a firm price and get the job done on time. <hr/>DESIGN-BUILD. From design and value engineering, to obtaining all approvals, and construction, First Gulf provides a single-source solution for design-build delivery. With an extensive background in office, industrial, retail, and residential rental developments, we can offer effective solutions for a wide variety of building types. Experience has taught us how to streamline a project schedule to minimize project costs and maximize peace of mind. <hr/>CONSTRUCTION MANAGEMENT. We offer effective project management, proven cost control measures and thorough value engineering throughout the design process, and customized contract delivery methods to ensure that each project is completed on or below budget. Our experience in the construction management process has also made us a trusted source for third-party contracting. <hr/>THIRD-PARTY CONTRACTING. While the majority of our construction team's work is performed for First Gulf, the team also operates as a third-party general contractor. We've serviced developers and clients, sharing our experience and recommending efficiencies to solve every kind of challenge. We offer a firm price and complete the project to the highest quality within a specified time frame. We have the ability to manage the entire construction process, or coordinate with specified subcontractors and suppliers, depending on the client's preferences.

First Gulf is currently engaged in more than $300-million worth of construction work in the GTA.

As part of the Great Gulf Group of Companies, First Gulf is one of North America's premier real estate organizations. Established in the 1987, First Gulf has earned strong financial returns for its owners and co-investors through creativity and flexibility in the development of office, retail, and industrial properties throughout the GTA and internationally. First Gulf's institutional and private equity partners include Canada's largest and best managed pension funds, insurance companies, REITs, and private real estate investors. Many of these relationships are longstanding and based on First Gulf's history of delivering consistent financial returns. Others are relatively new, and stem from First Gulf's ability to attract new investment partners based on its strong reputation in the real estate industry. From adaptive re-use initiatives to brownfield sites, we always have the end-goal in mind, and it's this vision which allows us to minimize risk, increase efficiency and maximize investment returns for our partners.

We've established and sustained lasting relationships with financial institutions, pension funds, and REITS, making us an excellent partner for public and private clients looking to acquire, develop, and manage property across all asset classes.

At First Gulf, the end of the construction process is only the beginning for our progressive Property Management team. Through a comprehensive building management platform, we provide technical, on-site services and strategic real estate support to our tenants. While we diligently ensure that our properties are managed to exceed industry standards, our objectives go beyond providing reliable base-building operations. We believe that in order to truly enhance stakeholder value, we need to fully understand the business needs of our tenants and, collaboratively with each tenant, work to help support their unique requirements. Our ultimate goal is to be regarded not only as a best-in-class landlord, but also a trusted strategic partner to all of our stakeholders.

Our team currently manages over five-million square feet of mixed-use space.

A Proven Market Leader with more than $4-Billion in developed assets.

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