TransGlobe continues to strengthen its presence in British Columbia with the acquisition of a residential building consisting of 23± units.

Esquimalt, British Columbia – June 28, 2007 – TransGlobe Property Management Services continues its coast-to-coast expansion with the acquisition of a multi-unit residential apartment building.  The property adds another 23± units to the company’s B.C. portfolio.  The purchase also demonstrates TransGlobe’s commitment to providing the province’s residents with its total rental property solution backed by a decade of property management experience and an infrastructure of over a 1,000 employees.

 “We are very happy to be able to provide value–priced apartments and continuous customer support for our growing client base in the province of British Columbia.  It is a wonderful place to live and it definitely represents an area for our future growth.  We are delighted to be a part of it,” comments TransGlobe President Daniel Drimmer.

 The property is located at:

 827 Selkirk Avenue, Esquimalt, British Columbia

The 3-floor, 23-unit building is located in the Township of Esquimalt, a colourful and progressive suburb of Victoria, B.C. at the southern tip of Vancouver Island. 

 Surrounded by plenty of trees and foliage as well as a landscaped and fenced yard, the property contains a total of 18,600 square feet of living space.  It is also within a few city blocks of a number of the city’s beautiful parks, major public transit routes, the major highway in the area, the waterfront at the Victoria Harbour as well as the Tillicum Bridge that overhangs The Gorge River.

 In the coming months TransGlobe will evaluate the property in detail and determine what renovations may be required to ensure the highest possible quality of life for its tenants in terms of safety and comfort. 

 All residents at 827 Selkirk Avenue will benefit from affordable, high-quality housing backed by superior customer service that includes a 24/7 Customer Care Centre, a state-of-the-art tenant service fleet as well as TransGlobe’s core philosophy of property management with integrity.

 Ownership and management of the property begins 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 23,000 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.