Announces Tim Hortons Opening Soon at St. Paul Shopping Centre

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Announces Tim Hortons Opening Soon at St. Paul Shopping Centre

posted on Apr 16, 2009 07:10AM

April 16, 2009

Gulf & Pacific Equities Announces Tim Hortons Opening Soon at St. Paul Shopping Centre

TORONTO, ONTARIO--(Marketwire - April 16, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISTRIBUTION INTO THE UNITED STATES

Gulf & Pacific Equities Corp. (TSX VENTURE:GUF) an established company focused on the acquisition, management and development of anchored shopping centres in Western Canada, is pleased to announce today that Tim Hortons will be opening soon at its St. Paul Shopping Centre, in the heart of St. Paul, Alberta.

Gulf & Pacific recently completed negotiation for a ten year land lease with Tim Hortons with an anticipated opening in the fall of this year.

"I am delighted to be working with a company that is as consumer friendly as Tim Hortons. This is a great Canadian icon to add to the retail mix at the St. Paul Shopping Centre," said Anthony Cohen, President and CEO.

About Gulf & Pacific Equities Corp.

Gulf & Pacific Equities Corp. was incorporated under the laws of the Province of Alberta on April 8, 1998 and thereafter completed a public offering of common shares by prospectus dated June 26, 1998 (TSX VENTURE:GUF).

The Company acquires, manages and develops grocery-anchored shopping malls in rural centres in Western Canada, in particular Alberta. Gulf & Pacific targets smaller, but rapidly growing hub communities that have hospital, high school, police station and retail/service infrastructure. Management has consistently reinvested cash flow to improve and grow its portfolio of income properties.

Gulf & Pacific Equities Corp. currently owns five, well-located retail assets located in Three Hills, Whitecourt, St. Paul and Cold Lake Alberta, as well as in Merritt B.C.

In 2005, Gulf & Pacific Equities Corp. was named the 22nd fastest growing company in Canada by "Profit" magazine, a Rogers' publication. In 2006 and 2008, the company made the list again as the 162nd and 145th fastest growing company in Canada.

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