Profits To Be Made In Gambian Property

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Canadian REIT Allied Properties (TSX:) has announced plans for expanding its property portfolio within the capital of scotland - Calgary, Alberta province, by acquiring 19,000 square meters of office space on an outlay of $110 million. The purchase is going to be funded from the issue of3.2 million units to your syndicate of underwriters led by Scotiabank. The deal includes Vintage, considered one of Calgary's top office complexes.




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Chief Executive Officer from the REIT, Michael Emory, expressed his satisfaction while using deal, asserting that Vintage was one from the best Class I office complexes in Alberta's financial capital. He also said the property "will continue our consolidation of ownership inside the urban core of Calgary in a meaningful way".

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