Biggest real estate deals of 2018

 

Ranked by total value of the deal

Published March 26, 2019. Sources: Interviews with companies below, advisers and BIV research. Companies may have not been included in deals below as information was not available at press time. NP=Not provided

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Rank '19 Property Purchaser Seller Description of the deal Date deal closed Partial list of primary financial firms Partial list of primary law firms Partial list of other advisers Deal value
1

Grand Villa Casino Hotel & Conference Centre, Starlight Casino, Cascades Casino Langley,
4320 and 4331 Dominion St (Burnaby), 350 Gifford St (New Westminster), 20393 Fraser Hwy (Langley)

Private investor

MRSL (Burnaby) Holdings ULC

Porfolio deal

24-Dec-18

NP

NP

Avison Young

$575 million

2

Grand Villa Casino Hotel & Conference Centre, Starlight Casino, Cascades Casino Langley,
4331 Dominion St (Burnaby), 350 Gifford St (New Westminster), 20393 Fraser Hwy (Langley)

Mesirow Financial

Gateway Casinos & Entertainment Ltd

Negotiation, settlement and closing of the sale and leaseback of three of Gateway's major casinos (and related land assets) in the Greater Vancouver Regional District, to a cross-border purchaser

12-Mar-18

Mesirow Financial

Bennett Jones LLP, Latham & Watkins LLP (seller), Boughton Law Corp (purchaser), Borden Ladner Gervais LLP (lender syndicate)

Colliers International, Capital Markets Group

$500 million

3

Imperial Square Business Park, Canada Way Business Park, Imperial Square 3 and 4, Canada Way South, Mayfair Square, Guildford Corporate Centre, 1077 Great Northern Way,
multiple addresses

MVP LP

Investors Real Property Fund

12 office and industrial buildings in Greater Vancouver, including the LEED Platinum-certified head office of Mountain Equipment Co-op in False Creek Flats, and more than 600,000 sq. ft. of office and industrial space in Burnaby

04-Apr-18

NP

Blake Cassels & Graydon LLP, Fasken Martineau DuMoulin LLP, Koffman Kalef LLP (1)

CBRE Ltd

$323 million

4

Centerm Expansion Project at Port of Vancouver,
multiple properties in the Lower Mainland

Vancouver Fraser Port Authority, Washington Real Estate Investments ULC, Southern Railway of BC Ltd and more

Vancouver Fraser Port Authority, Washington Real Estate Investments ULC, Southern Railway of BC Ltd and more

Exchange of seven industrial sites and associated property pursuant to two separate land exchange agreements

21-Dec-18

NP

Borden Ladner Gervais LLP (Washington Group), Clark Wilson LLP (Vancouver Fraser Port Authority)

NP

$248.66 million

5

Ottmann portfolio,
1501 and 1755 Haro St, 1005 Jervis St, Vancouver, and 150 E Keith Rd, North Vancouver

Starlight Investments

Ottman Properties

Four concrete highrise apartment buildings comprising 456 units

05-Apr-18

NP

NP

Colliers International

$247.92 million

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