TransGlobe continues expansion in Oxford County with the purchase of two apartment buildings in Tillsonburg.
London - ON – April 5, 2007 – TransGlobe Property Management is pleased to announce that it has completed the purchase two multi-family apartment buildings in Tillsonburg , Ontario . TransGlobe takes ownership and management of the properties on April 5, 2007.
The properties consist of 60± residential apartment suites comprising of one and two bedroom suites. The neighbouring buildings are situated in the core of the city near Town Centre Mall. Their location is South East of Broadway and North Street W.
- 72 Devonshire Avenue
- 5 Lamers Court
As the fastest growing community in Oxford County , in addition to being rated as one of the top places to live in Canada , Tillsonburg represents a strong rental market for TransGlobe. With being merely 30 minutes from London and 30 minutes to the beaches of Lake Erie , Tillsonburg offers residents a great place to live.
This purchase represents TransGlobe's first acquisition in the town of Tillsonburg and fits with the ongoing strategy of expanding and diversifying its portfolio in the Ontario region.
“We are thrilled to be emerging into the town of Tillsonburg as part of our expansion”, says Daniel Drimmer, President of TransGlobe. "This transaction allows TransGlobe to further expand our service offering in the Ontario market”.
Numerous renovations are planned to enhance the property; focusing on the lifestyle needs of the tenants. The planned upgrades, accompanied with TransGlobe's premier, first class management, will provide significant value to all residents.
TransGlobe employs and trains some of the most highly qualified Building Representatives in the industry and ensures that buildings meet TransGlobe's superior standards through its Quality Assurance Department. Moreover, maintenance and tenant issues are handled in a timely, professional manner through the company's 24-hour, 7-day-a-week Customer Care Centre.
About TransGlobe Property Management : TransGlobe Property Management is the landlord for multiple industrial, commercial and residential properties from coast-to-coast. Locations include Halifax , Saint John , Ottawa , Cornwall , the GTA, Burlington , Kitchener-Waterloo, London , Calgary , Vancouver , Victoria and other major population centres.
With more than a decade of management experience, a portfolio that includes over 22,500 apartments and more than 5.2 million square feet of commercial space, TransGlobe is dedicated to property management with integrity.
