TransGlobe continues to forge into Western Canada’s vibrant rental housing market – the acquisition of 43± residential suites solidifies its status as the landlord of choice in New Westminster
New Westminster, B.C. – March 19, 2008 – TransGlobe Property Management Services announced today the acquisition of a three-storey residential building in New Westminster. It is located at:
· 1116 Hamilton Street
This is TransGlobe’s twelfth property in the city. It offers 43± spacious layouts with balconies and 1.5 bathrooms in all of its 2 and 3 bedroom suites. It is surrounded by an impressive combination of trees and foliage and offers easy access to local parks, schools, public transportation and shopping amenities.
“This property has a lot to offer in terms of location and accommodation,” commented Daniel Drimmer, President of TransGlobe. “Additionally, we plan to heighten its appeal by bringing it up to our quality standards. Once we are done, and combined with our resident services, it will become one of the most sought-after rental properties in New Westminster and constitute a valuable element of our portfolio for many years to come.”
Western Canada has been the site of TransGlobe’s major expansion push. In the two and a half months since the beginning of 2008 alone, the firm has acquired upwards of 900 residential suites in B.C. and Alberta.
“The booming job market and the large number of workers it attracts account for the tremendous demand for quality rental housing throughout Western Canada,” commented Daniel Drimmer. “We are certainly excited to be able to meet that demand.”
Based on current forecasts, which call for the economy to continue to soar in Western Canada in 2008, it is expected that TransGlobe will continue on its course of expansion and diversification into Western Canada over the coming months.
“We have had great success in New Westminster and plan to explore more opportunities to provide its residents with our brand of property management,” Daniel Drimmer continued.
“We continuously look for ways to be right there for our residents – whenever they need us and for anything they may need. We are happy to be able to add the residents of 1116 Hamilton Street to that group,” he summarized.
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 26,000 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 designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com
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