SmartCentres is Canada's largest and most-active retail developer and operator. SmartCentres is committed to bringing value to Canadian communities through a large-scale, unenclosed shopping centre format that is adapted to each market it is located in. The Company, which opens a new shopping centre every three to four weeks, is currently managing and developing a national portfolio of over 185 SmartCentres. These centres are strategically located in every major market across Canada, with the majority anchored by a Wal-Mart store. SmartCentres contributes to both national and local causes through We're For Kids!, a charitable corporate giving program.