TransGlobe expands its footprint in British Columbia with the purchase of a Victoria-based building that adds 17± suites to the company’s residential portfolio
Victoria, B.C. – August 9, 2007 – TransGlobe is proud to announce its latest acquisition as it takes ownership of a 17± suite residential low-rise located close to Victoria’s downtown core. Starting today, its tenants will benefit from all the advantages associated with the ownership change – a 24/7 Customer Care Centre, a dedicated maintenance team as well as TransGlobe’s customer service-driven culture that permeates its entire workforce.
The property is located at:
· 1110 Queens Avenue
With its picturesque setting on the southeastern tip of Vancouver Island and overlooking the Strait of Juan de Fuca, Victoria has been a regular destination of TransGlobe’s expansion efforts since the company entered the British Columbia market in July 2005. TransGlobe currently manages over 1,000 rental suites in Victoria alone.
“Our ability to expand into Victoria has been nothing short of spectacular,” comments Daniel Drimmer, TransGlobe’s President. “Considering that it is such a revered tourist destination and one of the most visitor-friendly cities anywhere, we could not be happier.”
This acquisition adds to the company’s impressive portfolio of mixed holdings across Canada and reflects its commitment to continuous growth in neighbourhoods geared towards community development.
“Victoria in general is a very mature community in terms of population demographics. This makes it a very viable market for our affordable housing stock,” continues Daniel Drimmer. “Many retirees are on a fixed income or they tend to travel extensively; either way, it does not always make sense for them to own property. This, however, should not force them to compromise their living standards. That is where we come in: clean, comfortable and affordable rental suites and the best customer service standards in the industry are our forte.”
“All of our residents can relate to and benefit from this – not just the mature population. And the fact that this is such a charming setting only helps,” Daniel Drimmer adds with a smile. “We certainly plan on continuing our expansion in the beautiful City of Victoria, as well as all of Western Canada.”
This 3-storey low-rise is located in a residential area that offers a number of schools, shopping amenities, parks, community centres as well as easy access to public transportation. Despite its quiet setting, the property is only minutes from Victoria’s energetic downtown core. With 17± spacious suites in bachelor, 1 and 2 bedroom layouts with balconies and walkout patios on the ground floor, this property is an accommodating combination of a quiet, residential neighbourhood and proximity to the social life of one of the province’s most vibrant communities.
TransGlobe takes ownership and commences management of the property today.
About TransGlobe Property Management: TransGlobe Property Management is the proprietor for multiple industrial, commercial and residential properties across Canada. The locations include a number of major population centers across British Columbia, Alberta, Ontario, New Brunswick, P.E.I. and Nova Scotia
With over a decade of experience, a portfolio that includes over 24,000 apartments and more than 5.2 million square feet of commercial space as well as an unwavering dedication to property management with integrity, TransGlobe is one of the most renowned and fastest growing landlord companies in Canada.
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