Centurion Apartment REIT Announces the Acquisition of a Newly Constructed Multi-Family Property in Gatineau, Quebec

Centurion Asset Management Inc., the asset manager of Centurion Apartment REIT, is pleased to announce that it has closed the acquisition of a newly constructed multi-residential rental development located at 400-460 Atmosphere Boulevard in the city of Gatineau, Quebec.

Le Central was built in three phases between 2018 and 2020 and offers tenants an all-inclusive lifestyle focused on luxury and simplicity. It is comprised of seven 4-storey buildings totaling 345 suites. The suites offer a mix of studio, one-bedroom, one-bedroom with den, one-bedroom with den plus mezzanine, two-bedroom, and two-bedroom plus mezzanine units, all of which feature condo-quality finishes, in-suite laundry, five appliances, and window coverings. The amenities include rooftop terraces and access to Le Central Private Club, a separate amenity clubhouse offering over 8,000 square feet of space dedicated to a variety of fitness, lifestyle, and business-related uses.

Located in the heart of Gatineau’s newly developed Plateau submarket, Le Central is only 10-minutes from downtown Ottawa and adjacent to Agora Urban Village which offers shopping, restaurants, and entertainment. The property is also within walking distance to public transit and Central Park, a 26-acre natural green space with a skatepark, playground, dog park, the Senator’s outdoor ice rink, and more.

“Le Central is a great addition to our Quebec portfolio,” commented Greg Romundt, Centurion President and CEO, “Its hotel-inspired amenities and luxurious suite features will provide an exceptional rental experience to our residents.”

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