COVID-19 exodus from Metro Vancouver offices didn’t make any less work for property managers

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COVID-19 exodus that emptied many offices created new and varied demands for property managers related to the pandemic that kept them hopping.

Adam Spear inside Warrington PCI Management in Vancouver on March 1. PHOTO BY ARLEN REDEKOP /PNG

Many offices around Metro Vancouver remain mostly vacant as the COVID-19 pandemic stretches into its second year, but it hasn’t made less work for their property managers, according to Adam Spear, head of Warrington PCI Management.

“That first initial response in sort of late February, March (of 2020) was all about safety protocols and ensuring they were doing all the right things that could be done,” said Spear, president at the Vancouver management company.

At first, much of the additional work involved extra COVID-friendly cleaning for the few employees left behind in offices or in establishing protocols for clients who had workers show up after contracting the virus, Spear said.

“Buildings were low-occupancy, but for those who were working, they needed to feel safe,” Spear said.

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Warrington, SDM merge into B.C.’s largest property manager

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The merger of Warrington and SDM in Metro Vancouver creates B.C.’s largest property management company. (Handout via Renu Bakshi Communications)

RENX Staff

 

Two private Metro Vancouver-based property managers, Warrington PCI Management (WPM) and SDM Realty Advisors, have merged to become B.C.’s largest commercial property manager.

In an announcement Tuesday, the firms say their combined portfolio comprises over 15 million square feet of space. Prior to the merger, which closed this week, both firms were already among B.C.’s top 10 property managers by floor space.

“We are thrilled that SDM Realty Advisors will be joining Warrington PCI Management,” said Adam Spear, president of WPM, in the announcement. “This is a merger of highly complementary cultures dedicated to a people-based approach to property management. Together, we will enhance our already market-leading services for all of our current and future clients.”

SDM will continue to operate independently over the short term, then transition into a combined company under the WPM brand with more than 180 B.C.-based employees.

Its owners listed SDM in the fall of 2020, fielding multiple offers from international real estate brokerages and property managers to private equity firms to independent regional property managers.

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