| Register Now For Our Latest Online Seminar!
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Just a reminder don't forget about the Internet Seminar October 7th at 7PM Alberta Time.
We will be discussing Sturgeon Plaza in Edmonton and Commercial Real estate in general.
Just click on to our web site www.redevgroup.com and register on the front page.
This is a tremendous opportunity to take advantage of a great investment before it is sold out.
Howard Manley
Senior VP REDEV Properties
howardmanley@shaw.ca |
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Great News with Sturgeon Plaza Investment
Howard Manley, Senior VP REDEV Properties
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Our current Real Estate Income Gain Project, Sturgeon Plaza just keeps getting better.
1) One of the major tenants of Sturgeon Plaza has just exercised their option to renew. With the increase in lease rates in the area the income from this tenant will almost double, increasing the projected returns we quoted for this investment.
2)There is great interest in the 3200 sq. ft pad which we have at Sturgeon Plaza for expansion. We already have 3 very good offers from firms wanting to locate there and it will probably be 100% leased in the next 3 months. Once it is 100% leased construction would begin further increasing the value of the investment..
Things are really starting to turn around now is the time to take advantage of todays prices before they start to climb and believe me they will.
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| Quick News
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 The Bank of Canada revised its forecast for the year. The Bank now expects the economy to grow at an annualized rate of 1.3% in the third quarter compared to an earlier forecast for a 1.0% contraction. As a result, economists have declared that the recession in Canada has ended after two quarters of negative growth.
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