IGW Public Limited Partnership Closes Charter REIT Unit Purchase; League Assets' Patrick Miniutti to Become CEO of

VICTORIA, BRITISH COLUMBIA, Jun 07 (MARKET WIRE) --
IGW Public Limited Partnership ("IGW Public LP") announced
today that its previously announced acquisition of 6,047,095 units of
Charter Real Estate Investment Trust has closed. IGW Public LP, an
affiliate of IGW REIT, acquired 33% of all the issued and outstanding
units of the Charter REIT on June 4, 2010 from C.A. Bancorp Inc. at a
price of $1.45 per unit and holds a total of 33% of Charter's units. On
closing, LAPP Global Asset Management, another IGW REIT affiliate,
entered into a management agreement with Charter. The Charter REIT
consists of a portfolio of ten retail properties in Ontario and Quebec.

Patrick Miniutti, League Asset Corp.'s Chief Financial Officer, has been
appointed Chief Executive Officer of Charter. Mr. Miniutti will retain
his current position as League's Chief Financial Officer and will assume
the Charter Chief Executive Officer role immediately. He will primarily
work from League's Victoria office.

Mr. Miniutti, has considerable experience in the acquisition,
development, operations management and marketing of a wide range of
property types, including community and outlet centres, regional shopping
malls, power and lifestyle centres, office and multifamily housing, as
well as mixed-use developments combining residential, retail, office and
hotel space. In addition, he has an extensive background in financial
operations and experience with public companies, including Konover
Property Trust ("Konover"), Crown American Realty Trust
("Crown") and Cadillac Fairview Corp.

Over the past 25 years, Mr. Miniutti has primarily held the positions of
Chief Financial Officer and Chief Operating Officer, as well as serving
on the board of directors of Konover and Crown.

Charter Real Estate Investment Trust is an open-end real estate
investment trust established under the laws of the Province of Ontario.
Charter REIT is focused on acquiring and managing a portfolio of retail
and mixed-use retail community and neighbourhood centres, generally in
the mid-market deal size range of $10 to $40 million, from both primary
and secondary markets throughout Canada.

Victoria, BC-based League Assets Corp. manages the C$300 million IGW
REIT, comprising a portfolio of Canadian commercial, industrial and
multi-family residential properties, and more than 30 limited
partnerships having an aggregate market value in excess of C$400 million.
League Assets Corp. exists to find, acquire, improve and manage real
estate properties on behalf of its approximately 2,000 Member-Partner
Investors. Combined with its other investment pools, League is currently
managing and developing assets with approximate build-out values
totalling C$2 billion.

Contacts:
League Assets Corp.
Michael Cnudde
250-595-9322
media@league.ca
www.league.ca

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