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Pinkberry Set to Open 1st Canadian Location

April 25, 2011

We are pleased to announce that Pinkberry will open its 1st Canadian location, on July 1, at The Village at Park Royal in Vancouver. The store will be 850 sq.ft with approximately 25 ft frontage.

Park Royal is located in West Vancouver and is home to both an enclosed mall and Canada's 1st lifestyle centre. The property has a GLA of approximately 1.1M sq.ft., and over 225 stores.  Furthermore, with sales of $690 psf Park Royal is the #13 rank centre in Canada, in terms of sales productivity.

I'd like to thank Maria Holly and all of the Larco team for their help in completing this agreement.
 
In addition the Park Royal opening, Pinkberry has come to terms to open a second Vancouver location, on November 1. More details to follow soon.

In less than 5 years, Pinkberry has become the leader in the frozen yogurt category and has developed a cult like following with its customers. Pinkberry operates over 100 locations in the US, Middle East, Mexico. In 2011, the company has finalized plans to enter new markets such as China, Russia, Canada...etc. Also, Pinkberry expects to double its total store count in each of the next 4 years.

Pinkberry's Canadian expansion efforts continue to concentrate on the province of British Columbia. The company will consider street-front locations, super regional centres, and power centres. Centres with movie theatres are preferred. Size required is 600-900 sq.ft for an in-line store. Kiosk (250 sq.ft) locations are also of interest.

Please feel free to give us a call if you have any questions, comments, or sites that you with to proposed.

For more information on Pinkberry, please visit their website at www.pinkberry.com.