TransGlobe's expands its presence within Canada's Technology Triangle with the acquisition of a 28± suite low-rise in Cambridge, Ontario
Cambridge, ON – August 15, 2007 – TransGlobe is proud to announce the acquisition of a three-storey low-rise apartment building located in Cambridge, Ontario - one of the most prosperous and highly industrialized cities in Canada and a part of the so-called Technology Triangle. The term refers to the high concentration of companies that currently form the very cutting edge of information technology and make the cities of Cambridge , Kitchener and Waterloo the center of their operations.
‘The official motto of the City of Cambridge states that it is ‘a fine place for business and a great place to call home'. We want to provide its growing population with these homes and for our brand of property management with integrity to become a fixture in the cultural fabric of this progressive community,” comments Daniel Drimmer , TransGlobe's President. “Our product is at the very forefront of our industry and we know that the people of Cambridge will benefit from it.”
TransGlobe has in fact made unprecedented strides during its thirteen year existence. The company is currently one the industry leaders in terms of portfolio size, technological innovation and community involvement, as well as the absolute champion in the field of customer service. It provides all of its residents with the benefits of a 24/7 Customer Care Centre and a dedicated maintenance team that is available seven days per week. Above all – TransGlobe nurtures its corporate culture on values that include dedication, integrity as well as an unwavering focus on residents' needs.
This property is located at:
· 219 St. Andrews Street
It adds 28± units to the company's extensive holdings in the area and offers its residents the convenience of a secured entrance, plenty of outdoor parking as well as an on-site laundry room . It is located in a quiet neighbourhood commonly referred to as Southwood, south-west of the city's downtown core. Its proximity to a few of the city's numerous parks, a number of schools and shopping amenities, as well as public transportation makes it the perfect residential neighborhood in one of Canada's fastest growing and strongest economic areas.
“Whether you visit, do business or live in Cambridge , its progressive nature is apparent,” continues Daniel Drimmer . “It has one of the youngest demographics in the country that is growing at an amazing rate and is also one of the very hotbeds of Canada 's information technology industry. We are excited to be able to widen our share of its rental market and fully expect to continue growing along with it.”
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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