EDMONTON, AB, Aug. 2, 2022
/CNW/ - Imperial Equities Inc. (TSXV: IEI) today announced the
disposition of one of the two properties it holds as Coppertone X.
The properties were acquired in a single $2.25 million all cash transaction in March,
2022.
The sale of the property located at 11811 – 152 Street in
Edmonton, which includes a 5,847
square foot building on 0.72 acres (0.29 hectares) of land, closed
August 1, 2022. The value of the
transaction is $1,675,000.00.
"The industrial market is heating up in the Edmonton Region, and
we are seeing lots of movement and opportunities to realize value
on assets, whether through development, sale or redevelopment,"
said Sine Chadi, President and CEO of Imperial Equities.
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.