EPC Capital Ltd. Acquires Mill Creek Shopping Centre
EPC Capital Ltd., a premier real estate and private equity investment firm, announced today that it has acquired Mill Creek Shopping Centre, a Class “A” retail centre in southeast Edmonton, Alberta, from Hopewell Group of Companies. This acquisition, through joint venture, increases EPC Capital’s visibility and enhances its position in the commercial investment market, increasing their portfolio to over $120 million in owned and/or managed assets.
Mill Creek Shopping Centre is approximately a 39,000 square feet retail centre, located at 2304 –23rdAvenue NW. Being a relatively new plaza, Mill Creek Shopping Centre services the communities of Laurel, Silver Berry, Tamarack, Weinlos and Daly Grove, and borders the southeast leg of the Anthony Henday Freeway. Major tenants include ATB and Servus Credit Union, with new tenants including pharmacy, daycare, salon and physiotherapy to open in the next few months.
EPC Capital, specializing in retail/commercial development projects in the Edmonton area, is currently developing Aspen Plaza in Sherwood Park (97,000 square feet) and Hawks Ridge Plaza (28,000 square feet) in West Edmonton.
Commenting on the acquisition, EPC Capital Senior Partner Ayaz Bhanji said: “This acquisition demonstrates the tremendous opportunities available for localentrepreneurs who live and wish to invest in the Edmonton area. In our experience, Edmonton provides superior returns in real estate than many other major Canadian markets.”
Sam Narayan, EPC Capital Senior Partner further commented: “EPC Capital’s knowledge of the Edmonton market place allows us to identify and perform on our acquired assets so as to deliver results to our investors. We are currently working on multiple high profile retail/commercial opportunities in the Edmonton area which will be rolled out in the next 12-24 months.”
For Further information please contact:
Tori Bardell 780-341-2016