Exhibit 99.3

Company Release - 03/23/2006 16:49

PLAZACORP RETAIL PROPERTIES LTD. AND KIMCO REALTY CORPORATION ANNOUNCE THE
ACQUISITION OF THE VILLAGE SHOPPING CENTRE IN ST. JOHN'S NEWFOUNDLAND

FREDERICTON, March 23 /CNW/ - Plazacorp Retail Properties Ltd. and Kimco Realty
Corporation have announced that they have acquired The Village Shopping Centre
in St. John's, Newfoundland for $20 million.

The Village Shopping Centre is a 474,600 square foot enclosed mall that occupies
27.43 acres of land in southwest St. John's. The property has many national and
regional retailers and is ideally situated at 430 Topsail Road, to serve a broad
local trade area of over 200,000 residents.

"We are very pleased with the opportunity to acquire The Village Shopping
Centre. We plan to make significant changes to the property including extensive
renovations and the addition of new retailers. This property represents our
initial expansion into the Province of Newfoundland and Labrador. It is also
very exciting for Plazacorp to be partnering with Kimco Realty Corporation. This
transaction will be our first joint-venture with Kimco and represents an
exciting opportunity for Plazacorp to marry its development and leasing
expertise in Atlantic Canada with Kimco's financial strength and extensive
shopping centre experience," said Michael Zakuta, President and CEO of
Plazacorp.

Plazacorp Retail Properties Ltd. (PLZ:TSXV) is an owner of shopping malls and
strip plazas throughout Quebec and Atlantic Canada. Plazacorp owns interests in
61 properties comprising of 3.8 million square feet of retail real estate.
Plazacorp's investment in the partnership will initially be $2 million.

Kimco Realty Corporation (KIM:NYSE) is a publicly traded real estate investment
trust that has specialized in shopping centre acquisitions, development and
management for more than 45 years. The Company owns and operates neighborhood
and community shopping centres with interests in 1,046 properties comprising
approximately 132.0 million square feet of leasable space located throughout the
United States, Canada and Mexico.

    The TSX Venture Exchange has not reviewed and does not accept responsibility
    for the adequacy or accuracy of this release.

For further information: on Plazacorp, visit our website at www.plaza.ca or
contact: Michael Zakuta, President and CEO of Plazacorp Retail Properties Ltd.
at (514) 457-7007 or Kim Sharpe, Director of Business Development of Plazacorp
Retail Properties at (506) 451-1826;
To request a free copy of this organization's annual report, please go to
http://www.newswire.ca and click on Tools for Investors./
    (PLZ.)