Mr. Alex Avery reports

PRIMARIS ANNOUNCES OPENING OF SIMONS AT THE HALIFAX SHOPPING CENTRE

Primaris Real Estate Investment Trust has opened the 56,200-square-foot Simons, at the Halifax Shopping Centre in Halifax, N.S.

"We are very pleased to announce the opening of Simons, a Quebec-based fashion retailer, as part of the $52-million redevelopment at the Halifax Shopping Centre," said Patrick Sullivan, president and chief operating officer. "Simons is an excellent addition to our merchandise mix and brings a unique offering to the Halifax market."

"We are thrilled to be opening our first store in Atlantic Canada at the Halifax Shopping Centre," said Bernard Leblanc, president and chief executive officer of Simons. "Halifax is one of Canada's fastest-growing cities and we believe the customer base in this market appreciates both local and international design, as well as sustainable fashion. In addition to offering the market the most sought-after styles, our investment in this market has created approximately 150 jobs."

In addition to the 56,200-square-foot Simons, the $52-million redevelopment of the former Sears space includes a 38,500-square-foot Winners and a 15,000-square-foot Pet Smart, which are now open. The 13,000-square-foot Dollarama is expected to open by the end of this month. The redevelopment provides shoppers with an additional entrance to the site, incorporating a modern aesthetic including a three-level glazed atrium, providing additional natural light.

Halifax Shopping Centre, Atlantic Canada's leading enclosed shopping centre in the high-growth market of Halifax, N.S., was acquired by Primaris on Nov. 30, 2023. The mall comprises 562,000 square feet with a committed occupancy of 96.2 per cent. Other large format tenants include Sport Chek and Zara, with unique to market commercial retail unit tenants including Apple, Aritzia, Michael Kors, Victoria's Secret, Browns and Nespresso, and other notable tenants include Sephora and Lululemon.

About Primaris Real Estate Investment Trust

Primaris is Canada's only enclosed shopping-centre-focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets.