Biggest real estate deals of 2020

 

Ranked by total value of the deal

Published March 29, 2021. 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 '21 Property Purchaser Seller Description of the deal Date deal closed Partial list of primary law firms Deal Value
1

The Landing,
375 Water Street, Vancouver

Allied Properties REIT

0728795 B.C. Ltd, Kerfoot WFC Holdings Ltd, and GHD Equity Holdings Ltd

Purchase of mixed-use commercial building

20-Apr-20

Owen Bird Law Corp (purchaser)

$225 million

2

Crestwood Corporate Centre,
3511-13775 Commerce Parkway, 13700-13711 International Place and 13811 Wireless Way, Richmond

GWT Realty Advisors

Peterson Commercial Group

Office space

31-May-20

NP

$218 million

3

7725 Lougheed Highway, Burnaby

Larco Enterprises Inc

3131 Lake City Way Building Ltd, 7725 Lougheed Highway Building Ltd and Johnsons J.B. Investments Ltd

Industrial land with the potential for higher density development

19-Feb-20

NP

$148 million

4

Inglewood Care Centre,
725 Inglewood Ave, West Vancouver

Baptist Housing Oak Bay Care Society

British Columbia Housing Management

Baptist Housing, a non-profit provider, took over operations of the 230-unit care centre located at 725 Inglewood Ave. It is working with residents and Vancouver Coastal Health to improve day-to-day management of the building and the quality of services. BC Housing provided financing of approximately $114 million to Baptist Housing to purchase the care centre and three adjacent lots. Baptist Housing provided an additional $14.5 million of its own equity toward the purchase

03-Feb-20

NP

$105 million

5

Willingdon Business Park,
4321 Still Creek Drive, Burnaby

Spear Street Capital

Kingswood Capital

Office space

01-Dec-20

NP

$105 million

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