NCC Properties Limited Acquires 43 Rowhouse Units in Iqaluit

Rowhouse Units in Iqaluit
Rowhouse Units in Iqaluit April 2022

NCC Properties Limited is pleased to announce the acquisition of 8 residential buildings in Iqaluit, consisting of a total of 43 rowhouse units. These assets are a great addition to NCC’s residential portfolio in the territorial capital. The buildings are currently fully leased. Six of the buildings are located in close proximity to each other in the Plateau Subdivision of Iqaluit. One of the buildings is located in the Road to Nowhere neighbourhood and another building is located in the Lake Subdivision. This major acquisition is part of NCC’s ongoing efforts to rebuild its asset base following the major sale of 126 residential units to the Nunavut Housing Corporation in November 2021, which included 40 units in Iqaluit.