TransGlobe continues to acquire residential properties in New Westminster's downtown core, adds an accommodating 44± suite residential low-rise to its portfolio
New Westminster , B.C. – December 18, 2007 – TransGlobe Property Management Services announced the acquisition of a 44± suite residential low-rise in downtown New Westminster today.
The property is located at:
• 435 Ash Street
“This property follows suit with all of our residential holdings in the area,” commented Daniel Drimmer, TransGlobe's President. “It offers accommodating amenities, a variety of suite layouts and a lively neighbourhood. It will be a valuable asset for us to offer to the area's residents in combination with our maintenance practices and 24/7 Customer Care Centre.”
TransGlobe, the largest privately held property management company in Canada , has remained very active since it entered the B.C. market in the summer of 2005. It currently owns and manages over 2,000 residential suites in the province, in addition to an extensive portfolio of commercial real estate.
“The aggregate vacancy rates in B.C. are currently lower than anywhere else in Canada . This is partly because of immigration and partly because the economic growth in western provinces is attracting many workers from Central and Atlantic Canada,” commented Daniel Drimmer. “The demand for quality rental housing is certainly there and the historic City of New Westminster will remain one of our focus areas in the province.”
Because of its central location to the Greater Vancouver Region and a population in excess of 55,000, New Westminster has been an important part of TransGlobe's expansion push into Western Canada . This latest acquisition gives the firm nine quality residential buildings in the city's downtown core.
Further expansion into the area is expected in the coming months.
About TransGlobe Property Management Services
TransGlobe is the proprietor of multiple industrial, commercial and residential properties across Canada . Their locations include a number of major population centers in British Columbia , Alberta , Ontario , Quebec , New Brunswick , Prince Edward Island and Nova Scotia .
With a portfolio of over 25,000 rental suites and more than 5.2 million square feet of commercial space, TransGlobe is one of the largest property management companies in Canada . With aspirations of providing quality rental options to as many Canadians as possible, the company has adapted a firm strategy designed to further expand and diversify its presence from coast to coast.
Backed by over a decade of experience and a philosophy of property management with integrity, TransGlobe remains equally focused on customer service. All of its residents enjoy the benefits of a 24/7 Customer Care Centre, a dedicated maintenance team as well as a Rental Rewards program - all designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com
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