| October 17, 2006 |
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New TransGlobe multi-unit apartment and commercial acquisition launches firm into Alberta rental market |
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Calgary –Alberta – October 17, 2006 –TransGlobe Property Management, Canada’s fastest growing property management company, announces its continued coast-to-coast expansion and inaugural entry into the Province of Alberta with the purchase of 360 residential units and 65,000 sq. ft. of commercial office space today.
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Located at 123 10th Avenue, SW and 1010 1st Street, SW, the structure is a combined residential and commercial complex. Its residential component stretches an impressive 31 stories high and consists of 1, 2 and 3 bedroom suites with amazing views of the city and mountains. The six-floor commercial tower includes a retail complex on the ground floor and houses various business tenants. |
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This flagship property is a significant step in TransGlobe’s coast-to-coast expansion and its commitment to growing the company’s portfolio in Western Canada. Since the company now has critical mass, it paves the way for future growth in the region. |
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As Canada’s number one economic performer, and with an employment rate and per capita income ahead of the country’s national average, Calgary is one of the best places to work and raise a family. |
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“We are delighted to join Calgary’s dynamic rental market and look forward to providing quality residential and commercial properties to renters in this bustling metropolis. Calgary has a young well-educated workforce and is recognized around the world for awe-inspiring natural wonders and well-known events such as the Calgary Stampede. We look forward to growing our portfolio in this desirable region,” says TransGlobe President, Daniel Drimmer. |
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Situated in the heart of downtown Calgary, the property also known as Bromley Square, sits directly behind the Calgary Tower and has amazing views of Victoria Park and Bankers Hall. And with its prime location, all the amenities are at tenants’ doorsteps. |
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“This is an important step for TransGlobe. We have been steadily building our cross country expansion and Calgary is a very attractive rental location. Our company is committed to providing a positive rental experience for our renters and our Calgary tenants can look forward to the same high quality, responsive service that TransGlobe is known for,” comments Leonard Drimmer, TransGlobe CEO. |
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A hallmark of the company is to significantly invest in and re-brand its properties—and Bromley Square is no exception. The building is slated for extensive interior and exterior renovations, which will benefit tenants and the community overall. |
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This well-built concrete structure represents a strong asset to the property management leader. Ownership and management of the property begins October 17, 2006. |
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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 17,000 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 Brenda Hajdu at 416-234-8444 ext. 1920 or email bhajdu@GOtransglobe.com. |
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