William Lew Live-Dream-Play

Call or Text 604-862-1966 | EMAIL info@williamlew.com |

Telus Garden Vancouver headquarters sold to undisclosed buyer

 

The $750-million headquarters was completed just three years ago

Tanya Commisso Western Investor
August 7, 2018


 
 




 
telus garden- Westbank Corp.
 
Telus’ $750-million headquarters – completed in 2015 – has sold just three years later to an undisclosed buyer for an unreleased amount. 
 
Telus Garden comprises an office tower and residential building at 510 West Georgia Street, constructed in a joint venture between Telus and developer Westbank Corp. The sale was revealed in Telus’ latest quarterly earnings report. 
 
"In August, the Telus Garden real estate joint venture accepted an offer to purchase the income producing property and the related net assets; the sale is expected to be completed subsequent to August 3, 2018," according to a media release. 
 
Though the sale price is undisclosed, Telus said it stands to gain $170 million from its share of proceeds from the sale.
 
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.