Crossing at Belmont is a residential development consisting of an air space parcel comprising over 111,000 sq. ft. of net rentable area across two purpose-built rental buildings. The Property was developed by Ledcor Property Investments, offering a total of 156 residential rental units surrounded by an urban retail community in Langford, B.C. The project was positioned as an exciting development opportunity to invest in a premium rental apartment development with high-end features in a vibrant mixed-use community, in an area of high rental demand just 20 minutes from Downtown Victoria.
CBRE implemented a full-scale global marketing campaign which generated significant institutional interest. After a successful bidding process, CBRE secured a transaction to Killam REIT, in a forward sale that represented market-leading value. CBRE was honoured to have been involved in bringing Killam REIT into the B.C. market, completing the largest multi-family transaction by value on Vancouver Island in 2020.