We are experiencing continued interest by Europeans in investing in North American real estate products offered by Walton
Calgary, Alberta and Hamburg, Germany (PRWEB) September 21, 2009
Walton International Group Inc. announced today the successful completion of unit placements in Walton Europe Landentwicklung Ottawa 3 GmbH & Co. (KG).
Walton Europe Ottawa 3 had completed transactions through the early part of this year, culminating in a final closing on July 27, 2009, and involves 351 investors. The property is part of a strategic land assembly of over 2,800 acres comprising Walton's leading-edge integrated community planning initiative informally known as "Southwest Ottawa".
Walton's Southwest Ottawa project is strategically located in Ottawa, Ontario, Canada's capital city. The property is situated near the established community of Richmond, and southwest of the Ottawa suburb of Kanata, the centre of Canada's high-technology industry often referred to as "Silicon Valley North". It is easily accessible by major Ontario highways 416 and 417.
Walton has been researching and participating in North American real estate markets for thirty years, and identifying strategic land in Ontario for over 8 years. To date, Walton and affiliates have completed the syndication of 87 land projects in Ontario encompassing a total of approximately 11,540 acres of land. As with other Walton projects, Walton companies continue to act as manager of the Ottawa project on behalf of the limited partners and landowners, and maintains a significant ownership interest in the Ottawa property alongside limited partners and landowners.
"We are experiencing continued interest by Europeans in investing in North American real estate products offered by Walton" said Karl-Benno Nagy, Chief Operating Officer of Walton Europe GmbH. "This is a good sign not only of international confidence in the strength of the North American economy but also of the attractiveness of real estate, and especially land in strong markets such as Ottawa, as a strategic investment".
So far in 2009, Walton has announced the completed syndication of 13 land-based real estate investment projects in Georgia, Texas, Arizona and Ontario. The Walton Europe Ottawa 3 closing follows announcements of completed land syndications for the Walton Ottawa Region Limited Partnership, Walton AZ Toltec LP/LLC, Camino Real Phase 1, Phoenix Sawtooth View 1, Walton Bluff Springs Land, LP, Walton AZ Silver Reef LP 3, Walton GA Arcade Meadows LP 1, Roseburgh Phase 1, Walton West Palmilla LP, Arcade Meadows Phase 1, Oakridge Phase 5, and Walton USA Cottonwood LP projects.
About Walton: Walton International Group Inc. and the other members of the Walton group of companies constitute one of North America's leading land-based real estate investment groups. Over the past 30 years, Walton firms have acquired more than 50,000 acres of quality land strategically located in the development path of some of North America's leading urban growth areas. Walton companies are innovative leaders in the research, selection, acquisition, syndication, planning, development management and sale of land, having to date syndicated over USD $1.9 billion of land (CAD $2.1 billion) in Alberta, Ontario, Arizona, Texas and Georgia with over 57,300 investors and clients.