Primecorp national apartment team closes out fourth quarter 2011 with $66 million in transactions

 

OTTAWA, Jan. 11, 2012 /CNW/ - Primecorp Commercial Realty Inc. and Primecorp Québec Commerciale Inc., are pleased to announce today that its National Apartment Team has completed 4 major transactions in the Provinces of Ontario and Québec with an aggregate value of approximately $66 Million, representing 943 apartment suites. The sales include:

Gatineau Apartment Portfolio - 490 Suites
InterRent Real Estate Investment Trust closed on a 490-suite portfolio on January 5th, 2012.  The portfolio is comprised of four residential properties located at 50 and 60 Cormier Street and 78 and 80 Pearson Street in Gatineau (Aylmer).
 
Toronto Apartment Portfolio - 315 Suites
Starlight Investment Ltd. closed on a 236-suite portfolio on November 30th, 2011.  Formerly owned by Hampton-Metrix the portfolio is comprised of two residential properties located at 45 Greenbrae Circuit and 739 Birchmount Road in Toronto.
 
Gatineau Apartment Property - 69 Suites
Private investor closed on this property on November 4th, 2011.  Formerly family owned for over 30 years, Le Citadin is comprised of one 4-storey building located at 707 St. Joseph Boulevard in Gatineau (Hull).
 
Gatineau Apartment Property - 148 Suites
Private investor closed on this property on November 1st, 2011.  Formerly family owned for over 30 years, Le Mont Joye is comprised of two 4-storey buildings located at 279 Pointe Gatineau Street and 15 St-Georges Street in Gatineau (Pointe Gatineau).

   

With a strategic focus on Commercial Real Estate Investment Brokerage and Management, Primecorp has completed Real Estate transactions approaching C$4 billion dollars in over 46 Canadian markets since its inception in 1998. Clients have included Private and Institutional Investors, Public Corporations, REITS and International Investment Groups.

 

 

 

Image with caption: "Gatineau Apartment Portfolio - 490 Suites - InterRent Real Estate Investment Trust closed on a 490-suite portfolio on January 5th, 2012. The portfolio is comprised of four residential properties located at 50 and 60 Cormier Street and 78 and 80 Pearson Street in Gatineau (Aylmer). (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20120111_C3147_PHOTO_EN_8795.jpg

Image with caption: "Toronto Apartment Portfolio - 315 Suites - Starlight Investment Ltd. closed on a 236-suite portfolio on November 30th, 2011. Formerly owned by Hampton-Metrix the portfolio is comprised of two residential properties located at 45 Greenbrae Circuit and 739 Birchmount Road in Toronto. (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20120111_C3147_PHOTO_EN_8798.jpg

Image with caption: "Gatineau Apartment Property - 69 Suites - Private investor closed on this property on November 4th, 2011. Formerly family owned for over 30 years, Le Citadin is comprised of one 4-storey building located at 707 St. Joseph Boulevard in Gatineau (Hull). (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20120111_C3147_PHOTO_EN_8797.jpg

Image with caption: "Gatineau Apartment Property - 148 Suites - Private investor closed on this property on November 1st, 2011. Formerly family owned for over 30 years, Le Mont Joye is comprised of two 4-storey buildings located at 279 Pointe Gatineau Street and 15 St-Georges Street in Gatineau (Pointe Gatineau). (CNW Group/PRIMECORP COMMERCIAL REALTY INC.)". Image available at: http://photos.newswire.ca/images/download/20120111_C3147_PHOTO_EN_8796.jpg

SOURCE PRIMECORP COMMERCIAL REALTY INC.

For further information:

on these assets please feel free to contact:

Aik Aliferis / Principal         Sam Firestone / Principal
(613) 724-9242     (613) 614-6434
aaliferis@primecorp.ca    sfirestone@primecorp.ca
   
Nick Pantieras / Principal   Steve Lerner / Principal
(613) 722-2020 ext. 228    (613) 722-2020 ext. 230
nick@primecorp.ca     slerner@primecorp.ca

 

Profil de l'entreprise

PRIMECORP COMMERCIAL REALTY INC.

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