Globe Capital Management Acquires New Montréal Property
Mr. Richard Morantz, President and CEO of Globe Capital Management, is pleased to announce the acquisition by the company for $60 million of the Les Berges du Canal apartment complex in Montréal, Québec. The property is located in the gentrifying neighbourhood of St. Henri on the island of Montréal, where much investment is being directed to the rehabilitation of properties so that services can be provided to local residents in the former industrial area. The Globe team looks forward to deploying its expertise to add value to this well built and designed property.
Much gratitude goes out 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 and a market value of $1.5 billion under its administration. The company is proudly headquartered in Winnipeg, Manitoba.