CBRE was engaged by the owner to conduct the sale of Panorama Village – an open-air, grocery-anchored strip retail centre located on a 10-acre site in Surrey. The Property offered long-term redevelopment potential and exceptional investment income due to its excellent tenant roster and essential-service retail offerings.
CBRE prepared comprehensive underwriting and executed a broad marketing campaign that effectively maximized the stabilized income of the Property and positioned the asset as an exceptional long-term investment opportunity, while highlighting the value-add potential for redevelopment. CBRE held a competitive bid process which resulted in an astounding eight offers to purchase. Ultimately, CBRE leveraged all interest and accepted an unconditional offer to successfully complete the transaction at pricing that exceed expectations.