Mr. David Wyatt reports

MORGUARD WELCOMES FERRAGAMO'S NEWEST CANADIAN BOUTIQUE TO THE COLONNADE IN BLOOR-YORKVILLE

Morguard Corp. is welcoming Ferragamo, one of the most acclaimed brands in the luxury industry, to The Colonnade at 131 Bloor St. West. Ferragamo's store opening in Canada marks a significant addition to The Colonnade's distinguished portfolio, solidifying its status as a destination for global luxury brands.

"It is our great pleasure to welcome Ferragamo to The Colonnade," said David Wyatt, senior vice-president, retail, at Morguard. "The addition of Ferragamo to 131 Bloor St. West has strengthened our position in the luxury retail leasing market while highlighting our best-in-class property management."

The new Ferragamo store spans 5,305 square feet and features a transitional design that integrates special materials such as travertine and elevated bronze into its construction. These modern updates harmoniously complement Ferragamo's existing retail concepts, influenced by the aesthetic changes under the direction of creative director Maximilian Davis. The store officially opened its doors on Aug. 31, offering pieces from Mr. Davis's fall/winter 2023 collection for both women and men along with a curated selection of Canadian exclusives.

Owned and managed by Morguard, The Colonnade stands as a heritage-protected property and Canada's first mixed-use building. Located in the ultraexclusive Bloor-Yorkville neighbourhood, The Colonnade has been a coveted address for an array of luxury brands such as Prada, Moncler, Cartier, William Ashley and Dior with each establishing their physical storefronts as well as discerning residents seeking sophisticated city living. With the addition of Ferragamo to The Colonnade, Morguard continues to build robust long-term relationships with a wide range of high-profile retailers as the Bloor-Yorkville area experiences a continuing increase in foot traffic.

About Morguard Corp.

Morguard is a major North American real estate and property management company. It has extensive retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Morguard also provides real estate management services to institutional and other investors. Morguard's owned and managed portfolio of assets is valued at $18.6-billion.