Saïd acquires Vancouver tower

Said 8351 Ontario Street

5 Churchill Place owner Saïd Holdings has expanded its industrial portfolio in Canada with the acquisition of 8351 Ontario Street in Vancouver for $29.25m (£16.9m).

The 71,000 sq ft industrial property is located in south Vancouver, where a wider redevelopment programme is in place for the next decade including a retail-industrial regeneration of the derelict Dueck dealership and its associated buildings at the former Walmart site on southeast Marine.

The purchase forms part of a programme of acquisitions Saïd Holdings is pursuing with Hungerford Properties, the Vancouver-based investor which recently independently acquired the 12.5 acre Dueck site for an estimated $46.4m alongside the KIA dealership site at 396 Southwest Marine Drive for an estimated $25m.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now