Imperial Equities Expands into British Columbia

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Imperial Equities Expands into British Columbia

Canada NewsWire

EDMONTON, AB, Sept. 21, 2021 /CNW/ - Imperial Equities Inc. (TSXV: IEI) today announced the acquisition of a new property in Fort St. John, British Columbia, completing its first transaction in that province and the final transaction of its 2020-2021 fiscal year. The $3.2 million transaction closed on September 15, 2021, and includes a ten-year covenant with a large national corporation.

The property features a 21,140 square foot industrial building situated on 4.62 acres and is fully leased to Wajax, one of Canada's longest standing and most diversified industrial products and services providers. The concrete block building includes seven grade-level overhead doors, including two 18-foot by 18-foot doors and two 5-ton cranes and one 1.5-ton crane. The building also features a two-story office component and a secure storage yard, as well as yard storage structures.

"Fort St. John is British Columbia's energy capital, and a robust centre of much of the province's energy related activity, with growing capital investment and strong economic projections," said Sine Chadi, President and CEO of Imperial Equities Inc. "This is an ideal time for our Company to undertake an investment in this region, and doing so with a strong tenant like Wajax, with whom we already have such a strong relationship, is ideal."

As Landlord, Imperial will immediately conduct some building upgrades to improve its overall curb appeal and address some minor deferred maintenance. Arrangements for leasehold improvements were covered within the lease negotiations. The upgrades will also include improvements to the energy efficiency of the property with installations of LED lighting throughout.  

About Imperial Equities Inc:

Based in Edmonton, Alberta, Imperial Equities Inc. is a publicly traded company anchored by industrial, agricultural, and commercial real estate properties in its targeted markets throughout Western Canada. Additional information is available at: www.imperialequities.com. Imperial's common shares are listed on the TSX Venture Exchange under symbol IEI.

Neither TSX Venture nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE Imperial Equities Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2021/21/c6920.html

Copyright CNW Group 2021

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).