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| February 1, 2007 |
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TransGlobe continues expansion strategy with extensive growth in the Nation’s Capital with acquisition of 1,750± suites on 50 acre rental community. |
The purchase of Heron Gate Village, consisting of high rise apartments, garden homes and town homes, marks one of the most substantial residential real estate deals in the city of Ottawa. |
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Ottawa–ON– February 1, 2007 –TransGlobe Property Management Services is pleased to announce the acquisition of Heron Gate Village in Ottawa. The ownership and management of the properties begin today.
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This purchase is an example of the company’s acquisition strategy to purchase mid-market assets and offer them to residents at affordable rental rates. The real estate transaction follows the purchase of three Vancouver properties merely one week ago. |
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TransGlobe, together in close collaboration with Minto, and Otnim, have placed Residents at the forefront of this real estate deal. Together, the three privately held companies quickly and decisively combined forces to decide how the transaction would roll out to ensure minimal disruption to Tenants and the community. |
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“We are dealing with people’s homes, and that is something we take very seriously,” comments Daniel Drimmer, President of TransGlobe. |
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Today’s acquisition adds 1,750± rental suites, consisting of town homes, garden homes and high-rise apartment living. The property hosts a variety of layouts and styles and offers 1, 2, 3 and 4 bedroom suites to the company’s ever increasing portfolio. |
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A trademark of the company is to significantly invest in and re-brand its properties. This community is slated for interior and exterior renovations, which will benefit tenants and the community overall. Residents can expect to see some immediate changes with the new ownership– all with the benefit and comfort of Residents in mind. |
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Over the next few months, TransGlobe’s neighbourhood investment plan will roll out consisting of numerous developments focusing on the lifestyle needs of the community. Their premier, first class management, will add value to residents and the area as a whole. Some of the upgrades expected to be immediately implemented upon closing are: |
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Ensuring greater security and safety through the installation of additional lighting structures and the addition of on-foot patrol officers.
Conducting numerous exterior upgrades to further enhance the beauty of these properties such as landscaping and improved signage treatments
Executing numerous interior upgrades to improve the lifestyle of residents
Implementing a new brand, logo and image for the community
Renovating the on-site office to better serve residents and prospects alike
Improved service to Residents with the addition of on-site Building Representatives
State of the art maintenance service, equipment and tenant service fleet
Fully equipped 24/7 Customer Care Centre able to service tenants in 11 languages
Immediate enrollment into TransGlobe’s one-of-a-kind Rental Rewards Program
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Heron Gate Village falls under the private housing sector. Although often mixed in with the nearby public housing units, this affordable living community maintains a definite distinction from other affordable living communities. |
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With amenities such as a seniors’ centre, party room, outdoor pools, free daycare, beautiful landscaping and a recreational centre hosting both an indoor pool and weight room – it has plenty to offer to its Residents and their guests. All programs hosted at the property are free of charge to Residents and essentially improve the quality of living to those calling Heron Gate Village home. |
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Residents can expect to receive superior service such as that provided to them by Minto. |
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The company has already met with the City of Ottawa Police and Recreational Division to ensure no disruption to existing tenant service and programs. |
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“We are fulfilling our commitment of expansion in the Ottawa Region and are delighted to bring Heron Gate Village into the portfolio. It is a significant real estate deal for the City of Ottawa and represents a solid investment for TransGlobe.” says Drimmer. |
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“Ottawa is a fantastic city and we really like the people that live here.” |
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Over the past few months, TransGlobe has taken the Ottawa Region by storm with the purchase of 13 properties in October and another 2 buildings in November. Today’s purchase hikes the company’s Ottawa Region holdings to approximately 2,500± suites. |
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“Service has always been a primary focus at TransGlobe. Through our use of technology, customers can get information via the Web; through our 24-hour, 7-days-a-week Customer Care Centre; by contacting their Building Representative or through their regional office,” notes Leonard Drimmer, CEO. |
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“We are excited to bring on such a wonderful community as part of our growth strategy.” |
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Ownership and Management of the properties begin today. |
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The Big Deal includes the following properties: |
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2875 Cedarwood Drive
2865 Cedarwood Drive
2845 Cedarwood Drive
2831, 2833, 2835, 2837,2839 Cedarwood Dr.
2825 Cedarwood Drive
2805 Cedarwood Drive
2870 Baycrest Drive
2848, 2850, 2852, 2854, 2856, 2858, 2860, 2860, 2862, 2864 Baycrest Dr.
2878, 2880, 2882, 2884, 2886 Baycrest Drive
2885 Cedarwood Drive
2889 Cedarwood Drive
1481 Walkley Road
1463, 1465, 1467, 1469, 1471, 1473, 1475, 1477 Walkley Road
1485, 1487, 1489, 1491, 1493, 1495, 1497, 1499 Walkley Road
2898 Baycrest Drive
2884 Cedarwood Drive
2886 Cedarwood Drive
2882 Cedarwood Drive
2880 Cedarwood Drive
2870 Cedarwood Drive- (High Rise: 254 Apts 15 storeys)
2860 Cedarwood Drive (Recreation Centre with pool)
2850 Cedarwood Drive- (High Rise: 254 Apts 15 storeys)
2842 Cedarwood drive
2840 Cedarwood Drive
2820 Cedarwood Drive
2822 Cedarwood Drive
2824 Cedarwood Drive
2830 Cedarwood Drive
2832 Cedarwood Drive
2840 Baycrest Drive- (High Rise: 112 Apts 8 storey's)
1530 Heron Road
1536 Heron Road
1544 Heron Road
1556 Heron Road
1570 Heron Road
1578 Heron Road
1586 Heron Road
1592 Heron Road
2815 Sandalwood Drive
2827 Sandalwood Drive
2821 Sandalwood Drive
2831 Sandalwood Drive
2835 Sandalwood Drive
2839 Sandalwood Drive
2847 Sandalwood Drive
2843 Sandalwood Drive
2851 Sandalwood Drive
2861 Sandalwood Drive
2869 Sandalwood Drive
2879 Sandalwood Drive
2861 Baycrest Drive- (High Rise: 189 Apts 19 storey's)
- has outdoor pool behind buildings
2851 Baycrest Drive- (High Rise: 139 Apts 14 storey's)
2837 Baycrest Drive
2821 Baycrest Drive
2829 Baycrest Drive
2833 Baycrest Drive
2825 Baycrest Drive
1545, 1547, 1549, 1551, 1553 Walkley Road
1561, 1563, 1565, 1567,1569 Walkley Road
1571, 1573, 1575, 1577, 1579,1581 Walkley Road
2852, 2854, 2856, 2858, 2860, 2862, 2864, 2866, 2868 Sandlawood Drive
2870, 2872, 2874, 2876, 2878, 2880 Sandalwood Drive
2888, 2890, 2892, 2894, 2896 Sandalwood Dr.
2881, 2883, 2885, 2887,2889 Baycrest Drive
2895, 2897, 2899, 2901, 2903, 2905 Baycrest Dr
2886 Sandalwood Drive
2882 Sandalwood Drive
1559 Walkley Road
1555 Walkley Road
2816 Sandalwood Drive
2818 Sandalwood Drive
2820 Sandalwood Drive
2822 Sandalwood Drive
2832 Sandalwood Drive
2834 Sandalwood Drive
2836 Sandalwood Drive
2838 Sandalwood Drive
2828 Sandalwood Drive
2830 Sandalwood Drive
2824 Sandalwood Drive
2826 Sandalwood Drive
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About TransGlobe Property Management: TransGlobe Property Management is the landlord for multiple industrial, commercial and residential properties from coast-to-coast. Locations include Halifax, Ottawa, Cornwall, the GTA, Burlington, Kitchener-Waterloo, London, Vancouver, Victoria and other major population centres. |
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With more than a decade of management experience, a portfolio that includes over 19,500 apartments and more than 4.5 million square feet of commercial space, TransGlobe is dedicated to property management with integrity. |
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If you would like more information about this topic, or to schedule an interview with Daniel Drimmer, President or Leonard Drimmer, CEO, please call
TransGlobe Property Management Services Ltd.
Brenda Hajdu, Director, Marketing and Public Relations
416-629-6844 or email
bhajdu@GOtransglobe.com. |
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Minto
Victoria MacKinnon, Vice President
613-782-2367
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Otnim Properties Limited
Lynda Shields
613-241-8502 (extension 221) |
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