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Imperial Equities Inc. Announces the Sale of the Ashworth Building

EDMONTON, ALBERTA – Imperial Equities Inc. (“Imperial”) today has announced it has completed the sale of its Ashworth Building, located at 18037 – 105 Avenue, Edmonton, Alberta.

Imperial transformed this land banked property in west Edmonton with the addition of a new revenue generating building. Newer than the neighbouring buildings, this development became the jewel on the block and was immediately leased to a fledgling Alberta based corporation.

Seven years later, however, Sine Chadi, Chief Executive Officer of Imperial, is confident that the timing was optimal for its sale. “With every investment property, there comes a time when we believe that we have maximized its potential and that its disposition would benefit Imperial.

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Latest News Article

President’s Report: 2019 Q3 CEO Message

The economic wellbeing of Alberta and the rest of Canada has largely been dependent on oil production and our ability to sell our oil at a fair price. For decades, oil production in Canada and Alberta in particular, has been increasing at a swifter pace than our ability to consume it and or to sell it at prices achieved by other oil producing nations. A strong Alberta economy not only depends on a robust world oil price but also the ability to sell and deliver its products anywhere in the world.

Being landlocked and having only one major market for its product can have a detrimental effect the likes of which we’ve seen in Alberta during the past several decades. A resolution to the landlocked issue has long been debated and the most preferred outcome is the development of pipelines sufficient to carry Alberta oil to tidewater.

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