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Pinkberry to Open in Canada's Largest Mall

April 24, 2012

Alberta, get ready for Swirly Goodness.

With great excitement, we are pleased to announce that Los Angeles based, Pinkberry will open it's first location in Alberta, at Canada's largest shopping centre, West Edmonton Mall (WEM). The premises will be 475 sq.ft and will be strategically situated on Level 1, on a corner, fronting the food court and facing Deep Sea Adventure Lake. The store is scheduled to open in mid-July. We'll be sure to post photos once the store opens.

Pinkberry is seeking to expand in Alberta and British Columbia. Super regional shopping centres, lifestyle centres, and downtown high streets will all be considered. Size required is 300-1250 sq.ft. or kiosk format - 250 sq.ft.

I want to thank Triple 5's, Faran Maleki and Don Ghermezian for their help in completing this transaction. Actually both should probably receive an award. Faran, did a great job. She showed tremendous passion in her desire to bring Pinkberry to West Edmonton Mall. Further, she kept all parties focused on the prize, throughout our long negotiations, even at those times when it seemed like an agreement would never be reached. As for Don, he could have many times thrown this deal away and opted to proceed with one of the many Pinkberry wannabes who were prepared to pay substantially higher rent. Don has tremendous vision and works tirelessly to bring best in class retailers to his centre. I am sure that he and I would agree that the Pinkberry is the perfect fit for his amazing shopping centre.

A little info on Pinkberry – Pinkkerry reinvented the frozen yogurt category when it launched in Los Angeles in January 2005. Today it is the most talked about, best tasting, premium frozen yogurt and is made with high-quality fresh ingredients. From store design to exceptional customer service to flavors and toppings, Pinkberry offers an incredible all-encompassing experience.There are currently 170 locations worldwide with that number expected to double in the next 12 months.

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 juggernaugt that breeds top performing stores. A full renovation of the mall began in September 11; completion is scheduled for 1st Q 2013.

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