Peter Sharpe Elected Chairman of theInternational Council of Shopping Centers

NEW YORK--(Business Wire)--
The International Council of Shopping Centers, Inc. (ICSC) announced today that
Peter Sharpe, President and CEO of The Cadillac Fairview Corporation Limited,
has been elected by the ICSC Board of Trustees to serve as the association`s
Chairman for the 2009-2010 term. Mr. Sharpe officially assumed his role as
chairman on May 18, 2009 during RECon, ICSC`s annual meeting, in Las Vegas.
Succeeding Mary Lou Fiala, COO of Regency Centers, Mr. Sharpe will become the
association`s 50th chairman.

Mr. Sharpe has been an active and dedicated member of ICSC for 21 years and
served on ICSC`s Board of Trustees from 2002-2008. He is also only the seventh
Canadian to chair ICSC in the association`s more than fifty year history.

"Being named ICSC Chairman is truly an honor and I am grateful to the Board of
Trustees for the opportunity to serve this distinguished organization. I am
fully aware of the responsibilities I am accepting as well as the challenges our
industry and associations face and that is why I am thrilled to be accepting
this position at this time," Mr. Sharpe said.

"With experience on a global level, Mr. Sharpe`s background is ideal to serve as
the head of our association in the coming year," said Michael P. Kercheval,
ICSC's President and CEO. "Mr. Sharpe`s vast industry knowledge makes him
outstandingly qualified to help guide the world's largest retail real estate
association" he said. "I, along with our Board of Trustees look forward to
working with him," added Kercheval.

Mr. Sharpe joined Toronto-based Cadillac Fairview in 1984, becoming President
and CEO in 2000. Today the company, wholly owned by the Ontario Teachers`
Pension Plan, has a global commercial real estate portfolio valued at C$16.3
billion (US$13.2 billion), of which retail accounts for 64 per cent. Under Mr.
Sharpe`s leadership the company has expanded their international investments in
real estate companies across the United States, Brazil, the United Kingdom,
China and several global investment funds.

About ICSC

Founded in 1957, ICSC is the premier global trade association of the shopping
center industry. Its more than 70,000 members in over 90 countries include
shopping center owners, developers, managers, marketing specialists, investors,
retailers and brokers, as well as academics and public officials.

About Cadillac Fairview

The Cadillac Fairview Corporation Limited is one of North America's largest
investors, owners and managers of commercial real estate. For more than 50 years
Cadillac Fairview has been leading the way in commercial real estate with
innovative design, development and management.

Cadillac Fairview focuses on developing and managing high quality office
properties and regional shopping centres in Canada and the United States, as
well as international investments in real estate companies and investment funds.
With a portfolio valued at more than $16 billion and nearly 50 million square
feet of leasable space, Cadillac Fairview and its affiliates own and manage 84
properties across North America, including some of Canada's landmark
developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific
Centre and Chinook Centre. Cadillac Fairview is wholly-owned by the Ontario
Teachers' Pension Plan, which invests to secure the retirement income of 284,000
active and retired teachers in Ontario.

International Council of Shopping Centers
Erin Hershkowitz, + 1 646-728-3497
Senior Media Relations Specialist
ehershkowitz@icsc.org
OR
The Cadillac Fairview Corporation Limited
Heath Applebaum, +1 416-598-8645
Manager, Corporate Communications & Media Relations
heath.applebaum@cadillacfairview.com

Copyright Business Wire 2009