Platinum Equities presents Glenmore & Centre, an investment opportunity designed to take advantage of the high demand and low supply for retail real estate in Alberta. The property is a commercial retail centre located in the City’s southeast quadrant at the intersection of Glenmore Trail and Centre Street South.

The Market

The Calgary retail real estate market continues to show excellent strength. Calgarians have more disposable income today than ever before and have one of the lowest unemployment rates in the country. This translates into strong sales figures for the City’s retail businesses and results in a high demand for retail space. The current effective vacancy rate for retail property is approximately 1%. While there is some retail construction underway throughout the City, this does not adequately alleviate the space crunch the City is facing, especially since the majority of this space is pre-leased prior to construction and there is very little supply expected for the next 1 to 2 years. As a result of these market conditions, and the very elastic ability of some tenants such as banks and retail chains to deal with increased rates, lease rates are continually rising at unprecedented rates.

• The location is in the heart of Calgary’s premier retail corridor, is close to major arterial routes and the Chinook LRT
• The property is currently 96.2% leased
• Significant opportunity to increase lease rates in the coming years
• Property has recently been upgraded
• Investment is expected to generate positive cash flow
• Strong set of diverse national and regional tenants

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