Allied Properties REIT Calgary heritage acquisitions

[cjane]

Allied Properties REIT from Toronto has entered into agreements to purchase the Leeson and Lineham Block at 209 – 8th Avenue S.W. and the Westcoast Building at 522 – 11th Avenue S.W. http://www.alliedpropertiesreit.com/documents/APREIT_2011_11_10_Press_Release_Acquisitions.pdf

These two latest acquisitions bring to a total of 11 heritage properties that the REIT owns in Calgary. Past acquisitions include the Lougheed Building, Arts Central, and Fashion Central. http://www.alliedpropertiesreit.com/en_calgary.php

Allied Properties REIT is a leading owner, manager and developer of urban office environments in Canada’s major cities and has recently begun expasion into western Canada.

[newsposter]

Links to information about Allied's purchases from the Neill family's Encorp, in the Fashion Central thread:
http://www.calgaryheritage.org/CHIForum/vi ... =2686#2686

Allied Properties expands portfolio
By Mario Toneguzzi, Calgary Herald March 3, 2012

Real Estate . Allied Properties Real Estate Investment Trust has expanded its Calgary portfolio with the purchase of the 31,023-square-foot Woodstone Building near Inglewood. The 101-year-old Woodstone Building is rated a Class I property, said the REIT, which now owns 11 buildings in Calgary...

Read more: http://www.calgaryherald.com/business/A ... z1qFVDsSaN

[newsposter]

Allied REIT has picked up the Burns Building:
http://www.alliedpropertiesreit.com/doc ... sition.pdf

Take a look at their list of Calgary acquisitions over the last couple of years: http://www.alliedpropertiesreit.com/en_calgary.php

Allied tends to specialize in "adaptive reuse" heritage/character buildings and has a portfolio across the country. Learn more about them here:
http://www.alliedpropertiesreit.com

They recently entered into an alliance with major retail property owner/developer RioCan. July 16 BNN interview with CEO Michael Emory: http://watch.bnn.ca/#clip721682

Another clip:
http://watch.bnn.ca/#clip721690

[cjane]

Today Allied announced its acquisition of the Demcor Building and the Chamber of Commerce:

http://www.alliedpropertiesreit.com/doc ... ansion.pdf

Also refer to the article in the Calgary Herald:
http://www.calgaryherald.com/business/A ... story.html

With these two latest acquisitions Allied holds more properties in Calgary than any other city, with the exception of Toronto.

[newsposter]

Allied Properties REIT expands portfolio in Calgary
Taking advantage of niche market for older, unique buildings
By Mario Toneguzzi, Calgary Herald October 10, 2012

CALGARY — Just over two years ago Toronto-based Allied Properties Real Estate Investment Trust decided to expand its portfolio outside the borders of Ontario. The REIT, which focuses on a niche market of older inner-city buildings, started buying properties in Calgary. After the sale of the Calgary Chamber of Commerce and Demcor buildings close in November, the REIT’s Calgary portfolio will include 14 properties comprising 607,344 square feet. “We have an appetite for more,” said Tom Burns, Allied’s executive vice-president and chief operating officer who was in Calgary on Wednesday.“All our buildings are inner-city buildings. You’re not likely to see Allied in the suburbs in any city in the country...

Read more (new link): http://www2.canada.com/calgaryherald/ne ... 2f3c0e6b23

[newsposter]

Another purchase for Allied REIT, the "Broken City" building (1971), and another 1980 building a bit further west. Allied now owns all the buildings east of Broken City to the corner, including the 1915 "Keg" building.*

http://www.alliedreit.com/documents/APR ... ansion.pdf

*Update - in 2013 Allied acquired the building between Broken City and its other mid-block acquisition. Allied now owns most of the block-face (south side of 600 block of 11th Avenue SW), except for the "Heaven's Fitness" building on the west corner.

[newsposter]

Another purchase by Allied REIT, the Vintage I and II buildings on 11th Avenue SW at 2nd Street. The first four floors of the east tower were built as the Metals Building in 1924, and later was Cristy's Arcade furniture. Several additional floors were added in 1999 and a second similar tower built. Seems weird but adding onto old buildings is a practice in the warehouse district going back to its origins (for example, the "Lewis Lofts" building was built in three chunks as the pre-WW1 boom grew...)

Here is a link to Allied REIT's release:
http://www.alliedreit.com/documents/APR ... ansion.pdf

And the heritage inventory item on the Metals Building:
http://www.calgary.ca/PDA/LUPP/Pages/He ... urceId=528

[newsposter]

Another acquisition by Allied REIT, this one in Ramsay

http://www.alliedreit.com/documents/APR ... algary.pdf

Here is our previous thread on this building:

http://calgaryheritage.org/phpbb/viewto ... p=795#p795

[Marilyn Williams]

This is a really interesting site. Despite Patrick Burn’s legacy to Calgary, there is remarkably little left in our built heritage. This latest acquisition is a rare piece of his legacy. Here's a link from the city's heritage inventory - it shows the building in Alyth-Bonnybrook, but that community, Ramsay and Inglewood were all "East Calgary" in 1905.

http://www.calgary.ca/PDA/LUPP/Pages/He ... urceId=322

[newsposter]

Allied REIT picks up the Pilkington Building and the Biscuit Block in Victoria Park warehouse district. Just the latest of many acquisitions in the last few years.

http://www.alliedreit.com/documents/APR ... Infill.pdf

[noomi]

I was not aware. Did you every get any information on what happened to this statue?
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imran