Archive for category: Industry News

The Chilliwack Press | Paul Henderson February 7, 2019 3:43 pm

Save-On-Foods officially announced as anchor tenants with $30 million in other investments

More changes are coming to the retail landscape in Chilliwack as the Cottonwood Mall has changed hands purchased by B.C.-based PCI Developments from Ontario-based Morguard.

“PCI Developments is excited about the opportunity to invest in Chilliwack, one of B.C.’s fastest growing cities and economies,” said Jarvis Rouillard, PCI’s Vice President Acquisitions and Leasing in a press release issued Feb. 7. “We are a Vancouver-based company with strong roots in retail, and with our purchase, we look forward to offering Cottonwood Mall local ownership and management, as well as building relationships with current tenants, attracting new tenants, and enriching the retail experience for the community. Read more

Real Estate News EXchange | WiredScore Commercial October 26, 2018

SPONSORED CONTENT: WiredScore, the company behind the international standard for rating Internet connectivity in commercial buildings, has made major strides since it launched with Toronto as its first Canadian flagship market in October 2017.

WiredScore announced an $11.6-million Series A capital raise from leading commercial real estate investors — including KingSett Capital, Legal & General, U+I, Town Centre Securities, MOMENI Digital Ventures and Savitt Partners — last week. The investment group has been supported by a recommitment from WiredScore’s existing investors: Bessemer Venture Partners, Fifth Wall and Sterling.VC.

“We are pleased to further support WiredScore as a customer and an investor, as we are committed to delivering top of the line experiences for our tenant customers,” said KingSett chief executive officer Jon Love. Read more

Daily Hive | Kenneth Chan September 10, 2018 4:22 pm

The Grant Thornton Place office tower immediately across from the old CP Station building in downtown Vancouver is getting a makeover.

A rezoning application has been submitted by PCI Developments to the City of Vancouver to fill in much of the void space within the overhang of the base of the 1985-built tower at 333 Seymour Street. Read more

Daily Hive | Kenneth Chan January 26, 2018 4:20 pm

PCI Developments’ upcoming office building projects along Great Northern Way will lay the groundwork of the False Creek Flats’ transformation into a major tech and employment hub.

Tim Grant, the Vice-President of PCI, told Daily Hive the locally-based developer has ambitious near-term plans to build approximately two million sq. ft. of office space over several phases through the mid-to-late 2020s.

Comparatively, that is more than twice the size of Broadway Tech Centre at East Broadway and Renfrew Street, the same floor area as the five-tower Bentall complex at Burrard Station, or a quarter of the space that Amazon is seeking for HQ2 in its international hunt.

There will be up to six mid-rise buildings, with the first building – a seven-storey, 160,000-sq-ft complex – at 565 Great Northern Way set to reach completion this spring. Read more