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Perimeter Development buys downtown Kitchener office tower

After buying a 12-storey office building in the downtown for $6.5 million, Perimeter Development Corp. plans to spend about $3 million on improvements to attract high-tech startups moving out of the Communitech Hub in the nearby Tannery.

Tech Triangle‘s insight:

“We have looked at it for some time as a strategic, well-located urban office building,” said Craig Beattie, a founding of Perimeter.

The west end of downtown Kitchener is ripe for investment because of the coming light-rail transit, the continued growth of the technology sector and the building of hundreds of new condominium units in the neighbourhood, he said.

See on www.therecord.com

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