Joint Venture Purchases West Oaks Mall in Abbotsford

West Oaks Mall Ltd., a joint venture of two of Vancouver’s major developers, Westbank Projects Corp. and Cressey Development Corporation, purchased the West Oaks Mall in Abbotsford, British Columbia from Gentra Inc. on April 2, 2001 for $30 million. The purchaser intends to do a major redevelopment of the shopping centre.

Blake, Cassels & Graydon LLP represented the joint venture purchaser, with a team led by Roger Howay and Gayle Hunter. Brock Rowland of Farris, Vaughan, Wills & Murphy represented Gentra Inc. and David Mydske of Borden Ladner Gervais LLP acted for the lender, Sun Life Assurance Company of Canada.