Biggest real estate deals of 2019

 

Ranked by total value of the deal

Published March 30, 2020. 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 '20 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

1075 W Georgia St, Vancouver

Crespoint Real Estate Investment Ltd

bcIMC Realty Corp

Office

03-Apr-19

NP

NP

Colliers International

$274 million

2

Airport Executive Park,
10711 Cambie Rd, Richmond

Fiera Properties CORE Fund LP

Sun Life Assurance Co of Canada

Sun Life Assurance Co of Canada sold the Airport Executive Park in Richmond to Fiera Properties CORE Fund LP for $208,000,000

31-Jan-19

NP

Borden, Ladner Gervais LLP (Sun Life)

NP

$208 million

3

2040-2150 Alpha Ave and 4612 Lougheed Hwy, Burnaby

Grosvenor Developments Ltd

Joe Mitchell Holdings Ltd

Grosvenor purchased a number of parcels of land in Burnaby on Lougheed Hwy and Alpha St for approximately $166,000,000

09-Oct-19

NP

Owen Bird Law Corp (Joe Mitchell); Borden, Ladner Gervais LLP (Grosvenor)

Avison Young

$166.07 million

4

Tillicum Centre,
3170 Tillicum Rd, Victoria

Anthem Properties Group Ltd and Crestpoint Real Estate Investments Ltd

RioCan Real Estate Investment Trust

Crestpoint Real Estate Investments and Anthem Properties Group together acquired Tillicum Centre in Greater Victoria BC

31-Jan-19

BMO Capital Markets (RioCan)

NP

Form Real Estate Advisors; Marcus & Millichap

$110 million

5

Metrotown Place I & III,
4330 Kingsway and 5945 Kathleen Ave, Burnaby

Slate Acquisitions Inc

Metro Vancouver

Slate Acquisitions Inc purchased two tower class A office complex in Metrotown

12-Mar-19

NP

NP

Cushman & Wakefield

$95 million

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