Primecorp Commercial Realty Inc. Advises on $23.1M Sale of Governor's Walk Retirement Residence, Ottawa

    OTTAWA, Sept. 17 /CNW Telbec/ - Primecorp's Healthcare Group, led by
Raffaele Guglielmelli, successfully facilitated the sale of Dymon Healthcare
Corporation's Governor's Walk Retirement Residence for $23.1M to AgeCare
Health Services of Calgary.
    Situated in prestigious Rockcliffe Park, one of Ottawa's most upscale
communities, this acquisition represents a first foray for AgeCare in Ottawa.
    "The property is well positioned and is flourishing in part due to its
community ties. People who move into seniors' residences want to stay
connected to the larger community where they've spent their lives", remarked
Mr. Guglielmelli.
    Moreover, Dymon's development paid special attention to both design and
detail, and it showed!
    "Yesterday's senior living communities often resembled hospitals.
Tomorrow's will take their cues from hotels... developers of these facilities
have begun to pay more attention to design --- FIT & FINISH --- as consumers
have become more demanding and discriminating", noted Mr. Guglielmelli.
    "This transaction demonstrates Primecorp's ability in completing
sophisticated and complex major transactions in all areas of investment real
estate", adds Nicolas Pantieras, managing Principal of Primecorp.
    "Raffaele's superior knowledge of the Healthcare field has been a
tremendous asset to Primecorp", says Principal Aik Aliferis. "Our Healthcare
Group's success only enhances Primecorp's proven ability as one of Canada's
leaders in real estate advisory services. Our rapid and strong growth is a
testament to the people in our organization."

    Primecorp is a strategically focused Commercial Real Estate Investment
Brokerage, Management and Advisory firm founded by Principals Aik Aliferis,
Sam Firestone, Steve Lerner and Nicolas Pantieras. The Firm has offices in
Ottawa, Toronto, and Montreal, with affiliate offices in Halifax and Edmonton.
Primecorp has completed Real Estate transactions in excess of C$2 Billion in
the last 9 years, in over 30 Canadian cities.

For further information:

For further information: Media Relations: Aik Aliferis, 1-888-720-2020

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Primecorp Commercial Realty Inc.

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