London 's largest real estate proprietor increases its share of the city's rental market: TransGlobe acquires two high-rise buildings and adds their 332± suites to its residential management portfolio
London , Ontario – September 4, 2007 – TransGlobe Property Management Services announced the purchase of two residential high-rises today. The 10 and 11 storey buildings contain 158± and 174± spacious suites respectively.
They are located at:
· 297 Base Line Road West
· 301 Base Line Road West :
Together they form a property collectively known as ‘Capitol Hill' that bursts with mature trees, colourful flowerbeds and beautifully landscaped rolling lawns. It also offers its residents the convenience of on-site laundry rooms, spacious lobbies protected by video security systems, a saltwater swimming pool with a large sundeck as well as the services of a full-time on-site Building Representative to look after its immediate upkeep.
The quiet, residential neighbourhood that surrounds the property has no fewer than fourteen schools within a mile's radius. It also offers its residents a wide range of shopping amenities as well as parks, bike paths, a fitness center and a golf course that provide ample recreational opportunities for its residents.
Following the acquisition, Daniel Drimmer, TransGlobe's president, commented on the value that this acquisition adds to the company's residential portfolio. ‘This is a truly gorgeous property in one of London 's quiet suburban areas. The surrounding amenities provide a very practical and enjoyable setting and the building itself provides a very accommodating environment that we know our residents will really appreciate.”
“Combining it with our brand of property management that focuses on customer satisfaction and retention will make this one of the prime rental destinations in all of London ,” he added.
TransGlobe entered the London real estate market in July of 2002 with a bang. In a single transaction, the company acquired a total of 2,270± units in 22 apartment buildings in what is still one of the largest real estate deals in London 's history. To date, TransG lobe has amassed 52 buildings and over 4,756 ± rental suites in London , making it the city's largest real estate proprietor.
Further expansion into the London area is expected.
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 , New Brunswick , Prince Edward Island and Nova Scotia .
With a portfolio of over 24,000 rental suites and more than 5.5 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, a dedicated maintenance team as well as a Rental Rewards program - all designed to provide them with an unsurpassed rental experience. www.GOtransglobe.com
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