Business & Finance
Business and Finance
Business and Finance
Fri, February 4, 2011
CAPITAL BLF INC. ANNOUNCES THE ACQUISITION OF A MULTI-RESIDENTIAL PROPERTY FOR $1,800,000
MONTREAL, Feb. 4 /CNW Telbec/ - Capital BLF inc. (TSX-V: BLF) (the « Corporation ») announces today the acquisition of a multi-residential property located in Montréal, for a purchase price of $1,800,000, excluding closing costs.
Multi-residential property - 9565 Lajeunesse, Montreal, Québec
The property is comprised of 26 units and was built in 1972. It is located near major roads and within walking distance of Ahuntsic College and the Sauvé metro station. In addition, the Agence Métropolitaine de Transport expects to have daily commuter train services towards downtown Montréal in place by 2012 on the nearby railway tracks.
"We are delighted with this acquisition. It is in line with our strategic vision, being the investment in urban sectors well serviced by public transportation and unaffected by the inconveniences related to urban sprawl" said Mr. Claude Blanchet, President and Chief Executive Officer of the Corporation.
The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
