A 1.9 acre site in the City Centre area of Surrey has sold for $26,888,000. The site, improved with an older strip commercial centre known as Whalley Station Square, sold to Tien Sher Developments.
The site is located 2 minutes from Gateway Skytrain Station and is designated for residential and mixed-use in the Surrey City Centre Town Centre Plan. The maximum density is 4.2 FSR inclusive of a 0.7 FSR bonus.
The price equates to $78 per buildable SF based upon the max potential density.
Investors Group has sold Trenant Park Square, a 138,716 square foot,
open format, grocery and drugstore anchored retail centre located in the Ladner area of Delta, B.C. to Keltic Canada, for $64,500,000, or a 4.8% cap rate. The property was built in 1989 and sits on a 9.7 acre site with future development upside.
The property was listed and sold by Jones Lang Lasalle. It is anchored by FreshCo. and London Drugs; other tenants include RBC, Dollarama, Starbucks, Cobs Bread, Subway and Kin’s Farm Market.
First Capital REIT acquired by Choice Properties and KingSett for $5.2-billion
First Capital REIT --> Choice Properties REIT and Kingsett Capital are teaming up to acquire the Canadian real estate company in a deal valued at over $9 billion, including assumed debt. Choice Properties will acquire roughly five billion dollars worth of shopping centres, while
West Vancouver condo project in receivership, causing 'heartbreak' in Dundarave
Greater Vancouver commercial real estate transactions down 8.3% in 2025 via @westerninvestor
