Canadian Property Management company completes purchase of 48 unit residential property in Burnaby, BC.
Vancouver – BC – May 3, 2007 – TransGlobe Property Management announced today the acquisition of a three storey apartment property totaling 48± suites in Burnaby , BC . TransGlobe takes ownership and management of the west coast property on May 3, 2007.
The Canadian company is proud to be expanding its portfolio in Burnaby and the Greater Vancouver Area. This latest acquisition offers bachelor, one and two bedroom suites and is located in a desirable rental market. The building is located at 6570 Burlington Avenue , Burnaby , BC .
With being just blocks from the Metrotown shopping centre and Bonsor Park , the building offers both convenience and affordability for BC renters.
“We are excited about our continued expansion in the Province of British Columbia . We look forward to further building on our holdings throughout the mainland,” notes Daniel Drimmer , President of TransGlobe.
As advocates for value-priced housing, TransGlobe continues its commitment to offer BC renters price point options in a very competitive rental market.
This acquisition follows a 20-building acquisition which closed merely five weeks prior whereby the company added 950± suites to its BC portfolio.
Major renovations are scheduled for the Burnaby property including:
· Lobby and common area renovations
· Individual suite upgrades including bathrooms, kitchens and flooring
· Exterior finishes, landscaping and improved signage treatments
About TransGlobe Property Management: TransGlobe Property Management is the landlord for multiple industrial, commercial and residential properties from coast-to-coast. Locations include Halifax , Saint John , Ottawa , Cornwall , the GTA, Burlington , Kitchener-Waterloo, London , Calgary , Vancouver , Victoria and other major population centres.
With more than a decade of management experience, a portfolio that includes over 23,000 apartments and more than 5.2 million square feet of commercial space, TransGlobe is dedicated to property management with integrity.
