Concert Names Derron Bain as Vice President Infrastructure

October 26, 2010

Concert is pleased to announce Derron Bain has joined our Toronto office as Vice President Infrastructure.

Vancouver, BC, Canada – Concert is pleased to announce Derron Bain has joined our Toronto office as Vice President Infrastructure. In this position, Derron will assist in the continued development of Concert Infrastructure, the company’s P3 (public private partnership) and infrastructure investment division.

Concert Infrastructure is the newly formed affiliate of Concert focusing on municipal and provincial social infrastructure projects capitalizing on Concert’s 21 years of development and construction experience.

"We are extremely pleased to welcome Derron to our team," said Tim Philpotts, Concert’s Senior Vice President Infrastructure. "Derron’s background and expertise in infrastructure as well as his contacts in the Ontario market will prove invaluable."

Derron joins Concert from Infrastructure Ontario (IO) where he served as Vice President Project Delivery. In that role Derron led the IO teams on 11 projects with a cumulative value of approximately $4 billion.

"We believe the Canadian P3 market will continue to offer Concert and its shareholders an exceptional long-term investment opportunity," said David Podmore, Concert’s Chairman and CEO. "We are very excited about the expansion of the Concert Infrastructure team to Ontario and believe we can quickly build on our strong start in the infrastructure market," adds Podmore.

About Concert Properties

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

About Concert Infrastructure

Concert Infrastructure is a newly formed investment trust set up to invest in infrastructure across Canada. Concert Infrastructure is owned by 10 labour and management pension funds, all of whom are shareholders in Concert Properties.

For media inquiries contact:
Julie Pilcher
Telephone: 604.602.3713

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