Canada Post

January 21, 2016 / by Matthew Yung / / 0 Comments

Canada Post Corporation (CPC) engaged NIT – Vancouver in the sale of their main mail processing plant (2.98 acres) in downtown Vancouver. The property comprised a high-profile city block redevelopment opportunity with political sensitivities that required a fair and transparent marketing process. The team ran an extensive global marketing campaign to 2,000+ investors in Canada, Hong Kong, Beijing, Shanghai, Singapore, London, New York, Tokyo, Frankfurt, California and Sydney. CBRE NIT – Vancouver achieved a record setting price which was more than double the internal appraised value and far exceeded the vendor’s value expectations.

1555 Robson St.

January 8, 2016 / by Matthew Yung / / 0 Comments

1555 Robson Street is a prime, corner residential development site located on Downtown Vancouver’s bustling Robson Street. The Site is surrounded by a wide range of local amenities and services, and is designated in the West End community plan for up to 8.75x FSR of residential density, with a commercial podium. This Property was sold to a foreign developer and the transaction represented a new benchmark value for a downtown residential site.

Grandview Properties

January 3, 2016 / by Matthew Yung / / 0 Comments

Grandview Properties Park is a 15.27-acre future redevelopment site currently improved with a contiguous six-building multi-tenant retail, office and warehouse complex and is anchored by the only Walmart Supercentre in the City of Vancouver. Due to the significant scale of the Subject property, CBRE NIT-Vancouver identified both a local developer and a domestic pension fund that would benefit from this acquisition and ultimately generated maximum value for the client. This transaction represented market leading pricing with the highest sales value for I-2 Industrial land at the time of sale.