| March 9, 2007 |
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TransGlobe continues GTA expansion plans with purchase of Toronto based residential apartment building. |
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Toronto–ON– March 9, 2007 –TransGlobe Property Management continues to build its residential holdings in the GTA with today’s acquisition of a multi-unit apartment building located at 16 St. Joseph Street, Toronto.
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The property adds another 40± apartment suites to the company’s remarkable residential portfolio of over 21,000 apartments. This multi-unit building offers bachelor, one and two bedroom units and is conveniently located near Bloor and Yonge Streets just east of Queen’s Park. |
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With a vibrant rental market, a high quality of life, and reliable services, the GTA has become a TransGlobe prime rental location for affordable housing and represents an attractive area for future expansion by the Canadian property management company. |
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“This acquisition demonstrates our commitment to both our existing residents in the area and to further growth within the GTA,” comments Daniel Drimmer, President of TransGlobe. "We maintain our strategy of expansion within many Canadian cities and are excited about our future development plans.” |
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The property management firm has quickly become a leader in recognizing the importance of providing quality, affordable living solutions to Canadian renters. This deal is the latest step in TransGlobe's successful history of property management, which spans more than a decade. |
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The company plans to continue expansion in the GTA and future acquisitions can be expected.
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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 21,000 apartments and more than 5.0 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
Brenda Hajdu at 416-629-6844 or email
bhajdu@GOtransglobe.com. |
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