Sept 16, 2010 – Abacus Real Estate Investments sells 150 Metcalfe Street in Ottawa for $33.65M to a major REIT. 181 Metcalfe Street is a 108,000 square foot Class A office property located in Ottawa’s CBD. Major tenants include the EU and Norwegian Embassies as well as the Federal Government and several major law firms. Abacus acquired the property as part of a portfolio purchase in March 2006.
About Abacus Real Estate Investments:
Abacus Real Estate Investments Ltd. specializes in acquiring properties of all asset types. Through management and repositioning initiatives, we offer our principals and partners attractive returns. Our primary goal is to create a diversified portfolio of income producing real estate properties across Canada. The assets in our portfolio currently include industrial, retail and office properties. Target acquisitions include assets with historically strong and stable cash flows or unique value-creation opportunities. Our team consists of leading professionals with a winning combination of industry experience, complementary skills and unflagging determination.
For further information please visit our website at AbacusPE.com or contact:
T: (416) 214-3336