Centurion Apartment REIT Announces the Pending Acquisition of a Land Assembly in Langford, British Columbia
Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce the pending acquisition of a land assembly comprising six single-family lots, which directly neighbour Centurion’s growing Langford apartment portfolio. Located at 827 A, 827 B, 827 C, 827 D Hockley Ave., 2860, 2866 Peatt Road, Langford, BC, the Site is currently improved with older single-family homes. “Upon closing of the acquisition, Centurion intends to explore various development options on the Site, to continue building on the existing and growing footprint established in the surrounding community and capture further economies of scale.” says Greg Romundt, Centurion President and CEO.
The Site will benefit from its proximity to Centurion’s Langford multifamily portfolio, located directly beside Peatt Commons, less than 500m from Hockley Corners, The Arc, RidgeView Place, Village Walk, Robert’s Landing, Robert’s Place, and 1.5km from Hedstrom House. In addition, the Site is in downtown Langford and offers easy access to numerous rental demand drivers such as Westshore Town Centre, Millstream Village Shopping Centre, Costco, Royal Colwood Golf Club, Langford Lake, and a 20-minute drive to downtown Victoria and the University of Victoria.
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