BERMUDA AIR CONDITIONING LTD. BREAKS GROUND ON NEW BUILDING
77,500 Square-foot Building Offers Warehouse Space and Short-term Residences

(Hamilton, Bermuda – March 10, 2009) Mills Creek Properties Ltd, a subsidiary of Bermuda Air Conditioning Ltd. (BAC), today announces that they have just broken ground on a new 77,500- square foot building on Mill Reach Lane in Pembroke.

Designed by well-known Bermudian architectural firm Linberg & Simmons, the six-story building is set for completion later this year. The project is being managed by Atlantic Building Consultants Ltd, with construction led by Somers Construction Ltd. Located on 0.45 acres directly behind BAC’s current facility on Mill Creek Road, the elevated 2nd floor parking level plus the open plan ground floor will still allow container trucks to pass through the property.

“This is an exciting project for BAC,” says James Gibbons, President of BAC Ltd. “We have partnered with some of the most trusted names in the business to build a functional commercial development near the City of Hamilton. Our goal is to complete the project on time and on budget with environmental sustainability in mind, and we are convinced that the end result will be something we can be proud of. Our decision to develop this property today confirms both BAC’s confidence in Bermuda and the future.”

While the ground level and first and second floors will be used by BAC Ltd., the third and fourth floors each contain some 11,360 square feet of net warehouse space that will be available to rent in early 2010. “For our part, we needed additional warehouse space,” says John Plested, Managing Director of BAC. “We also realised that there are other companies out there which could no doubt benefit from the same thing, given that commercial storage space is at such a premium in Bermuda.”

The top level of the building will contain studio apartments for short-term BAC employees. Solar panels located on the building’s roof will produce all the hot water for the 19 apartments. “Being in the mechanical engineering and HVAC industry ourselves,” Mr. Plested continues, “it has been important to us from the outset to consider the project from a ‘green’ standpoint, hence the use of solar panels and more energy efficient heating and air conditioning units in the construction process.”

Those interested in more information about the construction project should email info@bac.bm.

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