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The acquisition marks BC-based Anthem Properties' first investment outside of Western Canada, with more to come, said the company's CEO.On Friday, Vancouver-based Anthem Properties and Toronto-based Streamliner Properties announced that they had closed on their acquisition of the Carlingwood Shopping Centre in Ottawa, which represents a first for both companies.
The two companies did not provide concrete details, but the Carlingwood Shopping Centre appears set to become the latest in a growing list ofannouncing the transaction, Anthem and Streamliner said that the neighbourhood around Carlingwood Shopping Centre — located at 2121 Carling Avenue — is one that is growing rapidly and has good access to public transporation and major roadways, which makes it a "prime location for much-needed incremental residential density.
According to the new owners, the retail sector in Ottawa has seen strong growth, with year-over-year sales improving by 9.7% and retail space seeing positive absorption.Three New Muskoka Shelters To Be Built For Northlander Return
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