Mr. Teri McKibbon reports

BIRD CONSTRUCTION INC. AWARDED CONTRACT VALUED AT APPROXIMATELY $172 MILLION FOR RESIDENTIAL TOWER DEVELOPMENT IN TORONTO

Bird Construction Inc. has negotiated a fixed price construction services contract with Concert Properties for the Sherbourne project (The Burke) in Toronto, Ont., for approximately $172-million. Construction is scheduled to commence in early May, 2021.

The Burke is a residential tower consisting of 53 floors with each suite offering open living spaces, large balconies and best-in-class interior finishes. It will be a sleek and sophisticated building with a gross floor area of 43,300 square metres combining a healthy blend of residential spaces while adding ample retail components, all while incorporating an existing heritage building. The residential portion has a total of 501 suites with a combination of studios, one-bedrooms, two-bedrooms and 50 three-bedroom units, finished off with approximately 180 underground resident parking spaces.

Bird's commitment to sustainable construction will be realized once again, as it adds The Burke to its 200-plus Leadership in Energy and Environmental Design (LEED) project portfolio. The new building will be constructed to a LEED gold standard, leveraging green building practices and environmentally sound solutions.

"Bird and Concert Properties have a strong partnership, and a proven track record of success in this market for many years. We are pleased to be given this opportunity to further build on this partnership while delivering another marquis project in downtown Toronto," said Teri McKibbon, president and chief executive officer. "This award highlights our success in diversifying our work program as we continue to balance the risk profile of our backlog in Ontario and across the country. It also reaffirms the commitment of our teams who execute operational excellence for our longstanding clients, strengthening our position to deliver long-term shareholder value."

About Bird Construction Inc.

Bird is a leading Canadian construction company operating from coast to coast and servicing all of Canada's major markets. Bird provides a comprehensive range of construction services from new construction for industrial, commercial and institutional markets, to industrial maintenance, repair and operations services, heavy civil construction, and contract surface mining, as well as vertical infrastructure including, electrical, mechanical and specialty trades. For over 100 years, Bird has been a people-focused company with an unwavering commitment to safety and a high level of service that provides long-term value for all stakeholders.

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