Winnipeg-based Globe Capital Management announced that it has acquired Les Berges du Canal apartment complex in Montréal, Québec, for $60 million.
The 168-unit rental property is located in the gentrifying neighbourhood of St. Henri on Montréal island. A former industrial area, significant investment in now being allocated toward the rehabilitation of properties and the development of key services for local residents now calling the area home.
Richard Morantz, President and CEO and Globe Capital Management said that the team looks forward to “deploying expertise and adding value” to this well-built and well-designed property, which was constructed approximately six years ago and requires some upgrades.
Globe Capital Management is a real estate acquisition company with over 7,500 apartments and a market value of $1.5 billion under its administration.
Photos courtesy of: Globe Capital Management
