Saturday, July 05, 2014

Longwood Station & Port Place For Sale

Longwood Station Sells For $33.1 Million

Port Place Not Sold Yet

It is reported in the Daily News that First Capital Realty has decided to recycle capital into larger urban markets. Both Longwood Station and Port Place were put on the market at the same time, but the response for Port Place did not result in a sale at this time.

The article says that Port Place is now the only property First Capital Realty owns in the city, making no mention of them as owners of the retail space in the Conference Centre building on Commercial Street.

If memory serves the same company, bought the Terminal Park strip mall which is home to the BC Liquor Store, renovated the facade, increased the rents, and then sold it.

It is reported that Great West Life are the new owners of Longwood Station.


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