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Lole Announces Next Opening at West Edmonton Mall

February 20, 2012

We are pleased to announce that ladies activewear specialist, Lole, will open its first store in Western Canada, at West Edmonton Mall (WEM). The store, 1250 sq.ft, will be strategically situated on the mall's upper level, adjacent Hugo Boss, and facing Apple. The store is scheduled to open in mid-summer and will incorporate all of Lole's unique design features, such as the Live Green Wall, Social (iPad Wall), the Community Table, and Lole Pantry.

Catering to the active woman, Lole stores specialize in the sale of technical, versatile and feminine fashion apparel for urban woman. Further, all locations offer free exercise meet-ups twice weekly at the local park, as well as, lectures given by yoga\pilates specialists, and nutrition experts. Tea and fruits are served daily at each store location.

There are currently 6 Lole stores: two in Toronto, two in Montreal, and 2 in Europe (Paris and Geneva). The company will continue its Canadian expansion program in 2012. Markets of interest include Alberta and Ontario. Size required is 1250-1500 sq.ft. Property-type: super regional malls and downtown high streets.

In addition to the above, I am told that, should the right opportunity present itself, Lole may be willing to consider opening in British Columbia, in 3rd or 4th quarter of this year.

Lole is owned by Quebec based, Coalision Inc. (owners of Orage and Paradox), whose combined sales are approximately $100M. Coalision itself, is majority owned by Kilmer Capital (whose CEO is Larry Tanenbaum of Maple Leaf Sports & Entertainment).

About West Edmonton Mall - Owned by Triple 5, the mall is 5.2 million square feet and is Canada's largest shopping centre. The property is visited annually by approximately 30.8 million people (#2 in Canada in terms of annual traffic), and ranks as the province  of Alberta's top tourist attraction. The shopping centre has approximately 800 stores, and features the World Waterpark, Ice Palace skating rink, Galaxyland - the world's largest indoor amusement park, Fantasyland Hotel. Further, the mall is home to many of today's top retail brands such as Apple, F21, Lululemon, Aritzia, H&M, Zara, AX Armani Exchange, Anthropologie...etc. With respect to performance, and sales of $700 psf, the centre is a powerhouse that breeds top performing stores. A full renovation of the mall began in September 11; completion is scheduled for 1st Q 2013.

I want to thank Triple 5's, Faran Maleki, for her help on this transaction. Faran is both energetic and enthusiastic; further she is very passionate about WEM. Great job Faran.

For additional information on Lole, please visit their website at www.lolewomen.com.

Take a look as well, at the LolePop app available on iTunes.