Concert Properties Named Finalist for National SAM Award

December 08, 2006

The National SAM Awards celebrate excellence in new homes and renovation design, innovative technology and construction techniques.

Vancouver, BC, Canada – Concert Properties is pleased to announce that its first residential developments in Victoria, BC have been nominated as finalists in the Canadian Home Builders’ Association’s (CHBA) 2006 National SAM Awards for Best New Homes - Multi-Family Project category.

The National SAM Awards celebrate excellence in new homes and renovation design, innovative technology and construction techniques, outstanding presentations, and marketing and sales activities across Canada.

“Concert is thrilled to have been nominated for this prestigious industry award,” says David Podmore, President & CEO, Concert Properties Ltd. “Concert had an opportunity to purchase a full city block in downtown Victoria. This area was underutilized for 25 years and we thought it was a unique chance to introduce residential multi-family homes into the downtown core of Victoria.”

Astoria and Belvedere are Concert’s first residential towers in Victoria and form the first two phases of Concert’s three-phased development of the 700 block of Humbolt Street. The first phase of this development was the Victoria Marriott Inner Harbour Hotel which was a catalyst to develop the complete property.

“We are proud to see that Concert’s hotel and residential developments have been an incentive to revitalize the entire area" adds Podmore. "With each endeavour, Concert is focused on people, innovative design, superior standards of construction, customer service and community values.”

Twenty-two National SAM Awards will be presented at the CHBA’s 64th National Conference on February 24, 2007 in Charlevoix, Quebec.

About Astoria

Concert's first residential development in Victoria, Astoria is a 20-storey, mixed- use concrete tower that includes 164 suites and ground level retail along Humboldt Street. The stylish modern homes - ranging from studios to two bedroom plus den - are ideal for young professionals looking for a downtown address and empty nesters eager to live the West Coast lifestyle.

About Belvedere

Situated in the heart of Victoria, Belvedere is a 16-storey, mixed-use concrete tower that consists of 77 suites and ground level retail space. The boutique-hotel style building includes suite types ranging from two bedroom to two bedroom plus den and media room homes.

Belvedere is ideally located within walking distance to the Inner Harbour, shopping, restaurants and entertainment.

About Concert Properties

Concert is an award-winning diversified real estate enterprise involved in developing and acquiring commercial and industrial properties, rental housing, multi-family condominium housing, seniors living communities, and resort developments in British Columbia, Alberta and Ontario.

For media inquiries contact:
Heather Harley
Telephone: 604.602.3713

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