Increasing their presence in Southwestern Ontario, having previously purchased assets in Kitchener-Waterloo and Windsor, Europro has acquired the 550,000 square foot London City Centre Towers. With a vision to revitalize the core and understanding the potential in the London market, Europro is excited for the new venture. “With new condos being built downtown and a stable market with growth potential, we believe strongly in the future of the downtown core. London is getting attention that it has not seen in years, and we’re seeing a growing desire for people to live, work and play in the downtown area,” mentioned Europro President Josef Jakubovic.
With the demonstrated confidence in the downtown market, it is clear where things are headed in London. Greg Harris, SIOR, CCIM, Senior Sales Associate at CBRE Limited, noted the importance of this transaction. “Europro has a strong track record of success in mid-sized markets and this deal further indicates the strength of the London market and should spark additional investments from non-local investors,” explained Harris.