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Atlas Engineered Products community housing projects recognized at 2019 Commercial Building Awards

Atlas collaborated with partner Saywell Contracting to design and build two community housing projects in British Columbia

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The projects were recognized at the 2019 Vancouver Island Real Estate Board Commercial Building Awards

Atlas Engineered Products Ltd (CVE:AEP) (OTCMTKS:APEUF) is celebrating after two of its community rental housing projects were recognized at the 2019 Vancouver Island Real Estate Board Commercial Building Awards.

The Nanaimo, BC-based company’s subsidiary Atlas Building Systems worked with its partner Saywell Contracting Ltd to design and build the housing complexes in British Columbia.

The Nuutsumuut Lelum complex received the Award of Excellence for the Non-Market category at the 2019 Commercial Building Awards, while the Magnolia was given the Award of Excellence for the Non-Market category.

READ: Atlas Engineered Products expands building and design plant in Ontario

Nuutsumuut Lelum is a 25-unit rental housing complex designed for Indigenous families, youth and elders complete with a communal gathering space. The complex was built to a standard known as Passive House, which does away with conventional heating and air conditioning systems and requires very little energy to maintain comfortable temperatures.

The Magnolia is a multi-family rental development in Nanaimo that houses a variety of unit sizes and layouts.

Atlas Building Systems facility supplied roof trusses to both projects, as well as engineered wood product floor and engineered beams to the Nuutsumuut Lelum project.

"We've had the pleasure of working with the Saywell team almost from their inception," AEP executive vice president Hadi Abassi said in a statement.

"We have watched them grow from a remediation specialist to a full-service multi-family, commercial and renovation construction firm.”

Saywell Contracting’s Karl Binder hailed AEP’s role in the two projects. The companies will again work together on future projects like the new Vancouver Island Mental Health facility and 65 Pryde, Binder told investors.

"I think we all recognize the importance of diverse rental options in our communities and we are proud to be able to work with developers like the Nanaimo Aboriginal Centre and Magnolia Apartments,” he said in a statement.

Atlas Engineered Products is one of Canada’s leading suppliers of trusses and engineered wood products.

Shares nudged up 3.45% to C$0.45 in Toronto.

---Updates for share price rise---

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: 0.29 CAD

TSX-V:AEP
Market: TSX-V
Market Cap: $16.74 m
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