Quote:
Originally Posted by Tapioca
Unrelated to most of the recent discussion, but interesting real estate news nevertheless...
It looks like the Bentall 1-4 towers are now for sale. I'm not sure what Ivanhoe Cambridge is thinking, but maybe they think there's too much office space coming online in Vancouver?
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they'll get a really good price for it in this cap rate environment. maybe they need the liquidity to build something / make higher return elsewhere.
i'd imagine the bentall centres are a pretty safe bet from the perspective of lease space as they have so many anchor tenants (accounting firms, banks, etc.) as opposed to the consolidating smaller mining companies (though there are plenty in the bentall centres), fly by night tech companies, etc.