Crombie Reit announces retirement of Vice President of Leasing

STELLARTON, NS, Feb. 21 /CNW/ – Crombie Real Estate Investment Trust (TSX: CRR.UN) today announced the retirement of Allan K. MacDonald, Vice President of Leasing, for the Stellarton, NS. based Real Estate Investment Trust. Allan's successor has not been announced at this point.

MacDonald, an 18-year employee of Crombie REIT and its predecessor, Crombie Properties Limited, will retire effective April 30, 2007.

"Al's contribution to our success at Crombie REIT is significant and recognized throughout the industry. He has enhanced the reputation of leasing group, fostered the development of people, emphasized a tight focus on tenant satisfaction, and kept us at the forefront of changes in the area of maximizing occupancy," said J. Stuart Blair, president and CEO. "We offer our best wishes to Al and his wife, Joanne, for a wonderful retirement."

About Crombie Real Estate Investment Trust

Crombie Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. The trust invests in income-producing retail, office and mixed-use properties in Canada, with a future growth strategy focused primarily on the acquisition of retail properties in Ontario and Western Canada. Crombie REIT currently owns a portfolio of 48 commercial properties in six provinces, comprising approximately 7.5 million square feet of gross leasable area. More information about Crombie REIT can be found at

Contact: Scott M. Ball, C.A., Vice President, Chief Financial Officer and Secretary, Crombie REIT, (902) 755-8100