First Capital Realty Provides Update on Recent Executive Appointments

TORONTO, March 1, 2016 /CNW/ - First Capital Realty Inc. ("First Capital Realty") (TSX: FCR), one of Canada's largest owners, developers and managers of grocery anchored urban properties, announced today the recent appointment of three new senior executives to its leadership team.

Mr. Jordan Robins will join First Capital Realty as Chief Operating Officer during the second quarter of 2016. Mr. Robins brings extensive experience and a proven track record in many facets of retail real estate to the Company including development, leasing and acquisitions. He most recently served as Senior Vice President, Planning and Development of RioCan REIT, where Mr. Robins has been for 13 years. Prior to RioCan, he spent 9 years at SmartCentres (currently SmartREIT).

Mr. Carmine Francella joined the Company in January 2016 as Senior Vice President, Leasing. Mr. Francella is a seasoned executive with a deep background in the real estate and retail leasing industry. He has an in-depth understanding of the evolving trends in retail which will serve him well in his new role. Mr. Francella's most recent role was Vice President, Leasing for Scotiabank where he was the global head of retail lease transactions for a Canadian and International network of 3,200 branches. Prior to Scotiabank he spent 4 years as the head of real estate for Walmart Canada in the role of Senior Director, Real Estate and Development.  

Mr. Gareth Burton joined the Company in January 2016 as Senior Vice President, Construction. Mr. Burton is a seasoned construction executive with a solid track record of successfully leading large complex construction projects.  Mr. Burton was most recently with PCL Constructors in the role of Construction Director. Prior to PCL, he spent 9 years with Laing O'Rourke which is the largest privately owned construction and engineering company in the United Kingdom. During this time, he gained valuable experience in various roles related to large complex construction projects in the United Kingdom, Europe, North America and the Middle East.      

Adam Paul, President and CEO said, "These appointments, which now complete our executive team, add leadership depth as these individuals are uniquely positioned to contribute meaningfully to our business based on their individual talents and how these talents complement the balance of our team.  The retail world continues to evolve at a rapid pace and, collectively, our Executive Leadership Team has been thoughtfully assembled to deliver on our top priority of consistently growing our Operating Funds from Operations over time."

ABOUT FIRST CAPITAL REALTY (TSX: FCR)

First Capital Realty is one of Canada's largest owners, developers and managers of grocery anchored, urban properties where people live and shop for everyday life. First Capital Realty currently owns interests in 160 properties, totaling approximately 24.8 million square feet of gross leasable area.

SOURCE First Capital Realty Inc.

Adam Paul, President and Chief Executive Officer, [phone], [email protected], www.firstcapitalrealty.ca, TSX : FCR