League Assets is in the news again, and is getting attention for:

League’s strategy to expand and further diversify League’s portfolio by acquiring well-positioned community and neighbourhood properties in growth markets with consistent strong cash flows derived from tenants that provide necessity-based products and services.

There are actually two stories about League Assets this week in the Times-Colonist. One talks about how LAPP Global Asset Management Corp., an affiliate of the IGW Public LP (itself an affiliate of League) will manage Evergreen Shopping Centre, Sooke’s largest shopping centre, which is in the process of being sold to Partners REIT. 

Evergreen Shopping Centre 88,200square-foot, open-air mall is anchored by a grocery store, a B.C. Liquor outlet, a Royal Bank branch and a new Shopper’s Drug Mart.

Sooke is a growing community, with strong growth projected in the coming years, so Evergreen Centre is well position for growth.

The second Times-Colonist story discusses how League Assets will be helping rejuvenate Victoria’s Plaza hotel, the last remaining piece of the puzzle in a project to breathe new life into a rapidly transforming block of Government Street at the heart of downtown.

While Mountain Equipment Co-op and several bright new condominium buildings have sprung up around the Plaza, the hotel itself has remained an underutilized urban space just steps away from Victoria’s vibrant Lower Johnson fashion area.

The Victoria Plaza Hotel has been purchased by GMc Projects and League Capital Partners (a division of League Assets), and there are hope to see mixed use affordable housing, market condominiums and commercial opportunities at street level.

- Nevin Thompson is League Assets’ Community Ambassador, and frequently blogs on Canadian REIT topics