The provision of contract property & asset management services has been the cornerstone of The Gulf Pacific Group since the early 1960's and will continue to be so for the foreseeable future. Gulf Pacific Investments (1982) Ltd. restricts these management services to retail, office, and industrial developments preferring to specialize in what it does best for the benefit of the tenants and clients.

Through a combination of experienced head office personnel, sound management practices, and dedicated on site managers our portfolio properties receive stewardship that is equal to that provided by the best in the property management industry. Because of our "hands on" management style our properties generally experience operating costs which are lower than the industry average, which benefits both the tenants and owners/investors.

The completeness of Gulf Pacific's services to its investor clients is evidenced by the extensive amount of asset management work undertaken by us on their behalf. To many, it is difficult to differentiate between property management and asset management. Property management is the more straightforward, day-to-day management of a property that is essential to ensure the successful and profitable operation of same. While the nature of the services provided by the manager can vary widely these usually include maintenance, lease administration, on-site management, collection of rents and payment of all the operating expenses. Asset management goes beyond the property management functions. These activities include leasing, expansions, major renovations, redevelopment, rezoning, and the acquisition of new investment properties. The experienced Gulf Pacific management staff enables the company to effectively combine both the property management and asset management functions to provide a "carefree" investment.

Over the years Gulf Pacific Realty has been active in the acquisition of properties for syndication and thereafter, providing ongoing marketing services to the developments. Projects of this nature include strata titled multi family residential; a 600 acre recreational land development on Salt Spring Island, BC; a five phase residential subdivision at Shawnigan Lake, BC; industrial park developments; a host of other land acquisitions that were not "built out" or suitable for the traditional long term hold; and of course our trademark community shopping centres. At all times Gulf Pacific Realty is prepared to work jointly with other agents to ensure that the best interests of the investors are achieved. In recent years Gulf Pacific Realty has provided a number of clients traditional real estate agency services wherein the real estate has not become part of the Gulf Pacific portfolio.

The Gulf Pacific Developments subsidiary co-ordinates a broad range of development activities undertaken by The Gulf Pacific Group ranging from simple tenant improvements to the expansion and total design/construction of retail, commercial, and industrial projects. We undertake a development project by way of utilizing a core of professional consultants and contractors generally with whom we have successfully worked on previous projects. This approach provides the flexibility and variety essential for the diverse locational nature of the syndicated portfolio and most importantly, ensures cost effective design/construction to the benefit of the investor clients.

The company has focused its investment/syndication/development activities on commercial and retail projects located in smaller towns/cities. This investment philosophy has served the company well in the past and can be expected to do so in the future. While many may consider investments in smaller towns/cities as unappealing and perhaps difficult to manage, Gulf Pacific has identified and developed a market niche in such areas.

Gulf Pacific is particularly proud of the long-standing business dealings/developments on First Nations lands. As at January 2004, The Gulf Pacific Group has approximately 258,000 sq. ft. of retail space under ownership/management, and an additional 35,000 sq. ft. of retail/office space under management, all of which is on lands leased from the Cowichan Tribes. Gulf Pacific's relationship with the Cowichan Tribes dates back to the early 1960's. The foregoing served as an introduction to the Tzeachten First Nations in Chilliwack, where, in July 1997, a new 67,000 sq. ft. neighbourhood shopping centre was completed. The Tzeachten First Nations exercised their Option to Purchase the shopping centre in early 1998, with Gulf Pacific continuing to provide ongoing property management.