Sales Success for Saddleback Hills in Kamloops

September 14, 2006

Ultimately, Saddleback Hills will include 196 single-family lots, 32 units of town homes and 48 bare land strata units in an enclosed enclave.

Vancouver, BC, Canada – As a master planner of new communities, Concert is pleased to announce that Phase I of its Saddleback Hills subdivision in Kamloops is 98 per cent sold out and Phase II, which was released in June 2006, is 85 per cent sold out with servicing now complete.

It’s anticipated that Concert will start the design of Phase III in fall 2006 with servicing starting in spring 2007.

Concert, a co-owner with the Operating Engineers Pension Plan, is also the development manager for the project. “We are proud to be working with the City of Kamloops and a team of highly-skilled tradespeople, engineers, contractors and suppliers in the creation of Saddleback Hills,” says David Podmore, President & CEO, Concert Properties Ltd.

As the development managers for the project, Concert assessed the untouched hillside land, then determined the best market and designed the land accordingly. From the design phase, Concert took the property through the approvals process, and into the construction of all the roads, utilities and green spaces.

“A comprehensively planned phased community, Saddleback Hills is designed and engineered to meet the City’s stringent standards as well as Concert’s building design guidelines,” adds Podmore.

Ultimately, Saddleback Hills will include 196 single-family lots, 32 units of town homes and 48 bare land strata units in an enclosed enclave.

Saddleback will offer ample living space, with lot sizes that allow for generous yard space. Two parks, one with a playing field and the other with a walking area, as well as several acres of open space have been included in the design.

The property encompasses approximately 71 acres located on two upland benches overlooking the North Thompson Valley. www.SaddlebackHills.com

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. www.ConcertProperties.com

For media inquiries contact:
Heather Harley
Telephone: 604.602.3713
Email: HHarley@ConcertProperties.com

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