A development application has been filed by Next Pacific Ventures Ltd. for a 6,754 site on East Pender Street near Clark Drive. The plan for the I-2 zoned property at 1257 East Pender Street includes:

• a 7-storey industrial building
• 20,262 SF of floorspace (6,700 SF of office and 9,200 SF of workshop space)
• manufacturing and general office uses
• 2 levels of underground parking

The application is conditional under the I-2 zoning, which permits a height up to 100 ft. and allows some general office space in conjunction with industrial uses.

As construction progresses on PCI Group‘s first phase of King George Station, here is a video outlining the various phases of this large mixed-use project that promises to be transformative for the City Centre area of Surrey. The project entails 345,000 SF retail and 495,000 SF of office space, along with approximately 1,200 residential units.

An application has been submitted for a 7,686 SF site  on East Pender Street near Commercial Drive in East Vancouver. The plan calls for a 5-storey  mixed-use building with two levels of office space and three levels of residential space containing 15 residential units and 14 underground parking stalls. The site is zoned MC-1, which conditionally allows a mix of uses.

The site, currently improved with a single storey industrial building, was acquired earlier this year for $1,830,000 by Epix Developments.

By Paul Brent

Considering Manulife Financial Corp.owns more than 38 million square feet of real estate worth valued at about $11 billion, it is easy to overlook component parts such as its relatively new Manulife Canadian Property Portfolio.

Established in 2011 as a co-mingled fund to hold diversified real estate for Canadian institutional investors it has grown to an impressive $600 million in assets in the four main property types.

A broad and balanced investment approach is at the heart of the fund’s offering, explained the executive in charge of the fund, Timothy Blair, Manulife Real Estate’s managing director and senior portfolio manager.

“We are really looking to grow that Canadian fund by investing in Canadian assets, we are looking to be geographically diversified across Canada and we invest in the four major asset classes: office, industrial, retail and multi-family – and we are also looking at some development deals.

“. . . a good and growing portfolio,” he added. “We really focus on what I would call quality assets.”

What it owns

Notable holdings of the Manulife fund include the 22-storey 736 – 6th Avenue SW in Calgary “a great little office building,” …read more

Source:: RENX