Sobey’s Ordered to Sell Two Metro Vancouver Stores
As reported by CBC, the Competition Bureau has ordered Sobey’s Inc. to sell 23 stores in Western Canada before it will approve its $5.8-billion purchase of grocer Safeway Canada.
The Nova Scotia-based supermarket chain says it has agreed to put the supermarkets on the block and it expects to close the acquisition of the Canadian assets of Safeway in early November.
The two affected Metro Vancouver properties are:
Tsawwassen Safeway
Safeway Tsawwassen, 1143 56th Street, Tsawwassen
This is a 4.5 acre site in the heart of Tsawwassen’s commercial area. The property is zoned C-1. It is assessed at $11,977,000.
New Westminster Thrifty’s
Thrifty Foods Sapperton, 270 East Columbia Street, New Westminster
The Thrifty’s is located as part of Wesgroup’s Brewery District project and does not have redevelopment potential.