Allied Provides Leasing Update

Core Insights - The demand for urban office space in Canada's major cities is increasing, while supply is diminishing, leading to heightened urgency among prospective tenants [1] - Allied Properties has made significant leasing progress in Montréal and Vancouver, although the overall pace in Toronto has been slower than anticipated [1] Leasing Achievements - In Montréal, 1001 Robert-Bourassa Boulevard has attracted large users, with one expanding its lease to a total of 246,729 square feet, resulting in the building being 86% leased [2] - In Vancouver, a long-term lease of 49,105 square feet has been finalized with a global educational institution, bringing the building's occupancy to 96% [3] - Allied has expanded its lease with Netflix to 136,544 square feet at M4, achieving a 90% leasing rate for the building [4] Team Development - The Allied team has strengthened with the appointment of J.P. Mackay as Senior Vice President & Chief Operating Officer and Gord Oughton as Senior Vice President, National Leasing, enhancing leadership capacity [5][6]