Biggest real estate deals of 2022

 

Ranked by total value of the deal

Updated March 28, 2023. 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 '22 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

Alpha Gardens site,
2350 Willingdon Ave, 2375 Alpha Ave, Burnaby

Anthem Alpha Master Limited Partnership and Anthem Alpha One Developments Limited Partnership

Aoyuan Properties (B.C.) Ltd

Acqusition of development lands

15-Mar-22

NP

Fasken Martineau DuMoulin LLP, Koffman Kalef LLP, Terra Law Corp., Bennett Jones LLP, Stikeman Elliott LLP, Lawson Lundel LLP

NP

$215 million

2

Bristol Estates,
13301 104th Ave, Surrey

13301-104 Property Inc

NP

The site is approved for approximately two million square feet of residential and commercial construction in five towers

26-Jul-22

NP

Borden Ladner Gervais LLP

NP

$170 million

3

65 retail gas stations and convenience stores in B.C.,

Parkland Corp

Husky Energy Inc and Cenovus Energy

Parkland acquisition of the retail gas station and convenience stores from Husky/Cenovus across Canada

NP

NP

Dentons Canada LLP, Torys LLP, MLT Aikins

NP

$156 million

4

4444 and 4488 Kingsway Ave, Burnaby

Keltic Canada Development Co. Ltd

Bosa Properties Inc. and Bosa Blue Sky Properties

Acquisition of development parcel from Bosa Properties and Bosa Blue Sky Properties

30-Nov-22

NP

Bennett Jones LLP, Borden Ladner Gervais LLP

NP

$145.5 million

5

Coronation Park ,
Collection of properties on Windsor Dr, Buckingham Dr, Edinburgh Place, Edinburgh Dr, Balmoral Dr and Guilford Dr, Port Moody

Wesgroup Coronation Park Investments Ltd

Group of private sellers

Land assembly

27-Jun-22

NP

Fasken Martineau DuMoulin LLP

London Pacific

$140.17 million

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