Concert Real Estate Buys Property from BC Rail

On December 1, 2000, Vancouver-based developer Concert Real Estate Corporation (Concert) purchased 16 commercial and industrial properties from BC Properties Ltd.—a subsidiary of BC Rail Ltd.—in a transaction valued at $79 million. The transaction gives Concert another 890,000 square feet of leasable space and about six hectares of industrial land. BC Rail is in the process of disposing of non-core real estate assets to concentrate on its core railway and marine businesses.

McCarthy Tétrault represented Concert on the purchase with a team comprised of Nick Blom, Derek Winnett and Jane Glanville (real estate). Richard Shrieves of Pines McIntyre & Shrieves acted for the vendor, BC Properties Ltd., while Michael Kalef of Koffman Kalef acted for the lender.

Lawyer(s)

Derek Winnett Michael M. Kalef Nicolaas A. Blom Richard T. Shrieves Jane S. Glanville

Firm(s)

McCarthy Tétrault LLP Koffman Kalef LLP