Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24
Telus Garden sits at 510 W Georgia Street in Vancouver and was developed by Westbank and Telus , who then sold it to Greystone Managed Investments and Forgestone Capital .announced that it had acquired a 20% ownership interest in Telus Garden, a high-profile Class-AAA office tower in the heart of downtown Vancouver .
According to the building directory, tenants of Telus Garden include Telus, CIBC, JLL, Henriquez Partners Architects , and Amazon, who also occupies the office towers at"The high-quality build and prime location of Telus Garden make it an appealing choice for top-tier tenants, particularly those in technology and professional services,"Tom Johnston, Morguard's SVP of Asset and Property Management in Western Canada.
The property where the Telus Garden now sits was formerly occupied by a large multi-level parkade before it was redeveloped by prominent Vancouver developeridentifies Telus Garden as being owned under the TD Greystone Real Asset Pooled Fund Trust. Legally, the property is owned under 500 Georgia Property Inc., which is controlled by Georgia & Seymour Properties Limited Partnership, according to British Columbia's Land Owner Transparency Registry.
The transaction has already been cleared, according to Competition Bureau records. A review of the merger between Morguard Corporation and Georgia & Seymour Properties Limited Partnership was opened on August 22 and was concluded on September 3, via an Advance Ruling Certificate.— a significant drop-off from the $600 million that was paid to acquire the property. The property value also appears to be trending in the wrong direction, as one might expect for office buildings.
Td Td Bank Td Greystone Asset Management Forgestone Capital Telus Westbank Morguard Telus Garden Vancouver Commercial Real Estate
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