2007 annual report aveiro investment corp. - First West Properties

OVERVIEW
About Aveiro
Aveiro is an Alberta-based real estate investment company
building a portfolio of primarily income producing commercial
real estate assets in secondary markets in western Canada with
quality tenants in markets where management expects strong
economic growth. Aveiro also acquires other real estate to which
management can conduct activity that provides fundamental
value growth within a reasonable time frame.
Aveiro is a reporting issuer pursuant to the securities laws of the
Province of Alberta. Its shares are not listed for trading on any
stock exchange or quotation system.
Short-term Objectives
The Company’s short term objectives are to acquire income
producing properties in secondary markets in western Canada
and to raise equity and debt capital suffi cient to fi nance property
acquisitions contemplated over the next twelve months.
2007 ANNUAL HIGHLIGHTS
Initiation of Operations
As at the date of the last fi scal year ended June 30, 2006, the
Company (then known as Dagger Resources Inc.) was a reporting
issuer in Alberta with no active business operations. Effective
August 21, 2006, the previous directors of the Company resigned
as directors and offi cers of the Company and were replaced by
John Mackay, Harold Kunik and Frank Phillet. Mr. Mackay was
appointed as Chairman and Mr. Kunik as President of the Company.
On the same date, the Company then initiated operations as a
real estate investment fi rm, and changed its name from Dagger
Resources Inc. to Aveiro Investment Corp.
Purchase of Airdrie Land
On August 21, 2006 the Company entered into an agreement
to acquire approximately 77.44 acres of undeveloped land (the
“Airdrie Land”) located in the southwest quadrant of the City of
Airdrie, approximately 4 miles north of the City of Calgary. The
transaction closed on January 1, 2007. The City of Airdrie Municipal
Development Plan designates the Airdrie Land as “Industrial”.
Appointment of Eric Wesling
During the quarter ended March 31, 2007, the Company announced
the appointment of Mr. Eric Wesling as Executive Vice-President,
Real Estate effective February 1, 2007. Mr. Wesling is a real
estate professional with 25 years of professional management
and project management experience. Mr. Wesling spent 18 years
with Oxford Properties Group Inc. leading to his role as Senior
Vice-President, Western Canada before building his real estate
consulting practice in 1998.
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