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January 13, 2022

Globe Announces Acquisition of New Winnipeg Property


**ANNOUNCEMENT**

Globe Capital Management is pleased to announce its most recent acquisition of the Rideau Tower apartments in Winnipeg, Manitoba.

Located at 90 Garry Street in Winnipeg, Rideau Tower is a very well-maintained 113-suite property that boasts some of the largest one and two-bedroom suites in the downtown area, as well as 11,000 square feet of commercial space. The property sits immediately adjacent to Winnipeg’s iconic and historic Hotel Fort Garry. The hotel has recently undergone substantial upgrading and Globe is pleased to have acquired a property that is situated next to this great community asset. The Globe management team is excited to have made this significant investment in downtown Winnipeg, which is steps from the Forks and many other amenities.

The company’s property management division, Globe Property Management, will be overseeing the operation of the property. Globe is looking forward to deploying its expertise to add value to this exceptionally well-built and designed property, which has many valued long-term residents and commercial tenants.

The team at Globe wishes to extend its deepest gratitude to the real estate brokers, bankers, legal experts, and property managers who assisted in the due diligence and closing.

Globe Capital Management is a real estate acquisition company with over 7,500 apartments located in five provinces, and a market value exceeding $1.7 billion in assets under its administration. The company is proudly headquartered in Winnipeg, Manitoba. Globe has a mission to exceed expectations in client and employee satisfaction and maximize the value and quality of its properties. For more information about the company, and the services they provide visit their website at https://www.globecm.ca/. Visit Rideau Tower’s property page here.

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