Toronto, Ontario, Canada, March 20, 2008 – GE Real Estate broke ground today on the construction of a new office building in the Sheridan Research and Technology Park in Mississauga. The new building, valued at more than $20 million CDN upon completion, will expand Atomic Energy Canada Limited’s office space in the park. This is the first new commercial office building GE Real Estate has built in Mississauga.

Atomic Energy currently occupies two existing buildings in the park, which are owned by GE Real Estate, and will serve as the lead tenant in the new building, accounting for 50,000 square feet of the new building’s 100,000 square feet total.

The new structure, slated for completion in the first quarter of 2009, has been designed to achieve a LEED Silver certification through the Canada Green Building Council. GE Real Estate is financing and building the new four story office property which will be located at 2699 Speakman Drive.

“We are pleased to be playing a role in Atomic Energy’s ongoing growth, as well as the development of the Sheridan Research and Technology Park, by financing and managing this construction project,” commented Chris Holtved, Canadian Portfolio Leader for GE Real Estate. “This is an ideal example of how GE Real Estate’s global expertise and reliability can benefit local companies and the local community to fuel regional development.”

In accordance with LEED guidelines, the building is being constructed with "regional materials" when possible and a comprehensive recycling program will be followed to remove construction waste. The overall design of the building employs the latest “green” technologies, including high-efficiency lighting and HVAC systems, and a high performance.

Curtanwall/Glazing system, which employs double glazed, Argon filled, low-E glass. In addition, the site will manage water usage through various means, including the capture of rainwater for irrigation and washroom fixtures. The landscaping design will incorporate species that require significantly less irrigation than the normal site treatment. In addition, the final landscaping plan includes the planting of 198 new trees.

The building will also incorporate bicycle storage and change/shower facilities to promote reduction in vehicle usage for building occupants.

“We are very excited to be a part of this development as it is one of the first suburban speculative LEED buildings in the city,” added Holtved. “Also important to note is that the property is being constructed on an in-fill site, a former parking lot, as opposed to taking over existing green space. This is the perfect example of how we want cities to grow, by increasing densification in an existing developed area rather than developing on a green-build area.”

GE Real Estate provides debt, equity and capital market financing for a wide variety of commercial real estate projects. A full service, national real estate company, GE Real Estate has over 200 dedicated professionals committed to providing its clients with quality leasing opportunities, exceptional in house tenant services and assistance in finding the ideal location.

GE Contact:
(Press inquiries only)
John Oliver
Office: 203/750-3089
Cell Phone: 203/984-7757
john.oliver@ge.com

For other inquiries please call 1-888-GE-First extension 333

HLB Communications, Inc.
Richard Ringer
312/649-0371
rringer@hlbcomm.com

Notes to editors:

About GE Real Estate GE Real Estate (www.gerealestate.com) is one of the world's premier commercial real estate companies with more than US$79 billion in assets and a presence in 32 countries throughout North America, Europe, Asia, and Australia/New Zealand. Backed by GE's AAA rating, GE Real Estate offers a comprehensive range of capital and investment solutions including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate. With a 28% compound annual growth rate since 1993, GE Real Estate is one of the world's fastest growing and most profitable real estate enterprises. This extraordinary record of success grows out of a reputation for collaboration and partnership; a depth of knowledge and experience and a history of building relationships, finding opportunities and opening doors for more than 5,000 owners, builders, borrowers and brokers worldwide.

GE Commercial Finance (www.gecommercialfinance.com) offers businesses around the globe an extensive array of financial products and services. With more than US$310 billion in assets and expertise in the middle-market, GE Commercial Finance provides loans, operating leases, financing programs and innovative structured capital to help customers grow. Headquartered in Norwalk, Connecticut, GE Commercial Finance is a wholly owned subsidiary of GE (NYSE:GE), a diversified services, technology and manufacturing company with operations worldwide.