While it may seem like real estate prices are constantly on the rise in the Lower Mainland, B.C.’s top 100 real estate deals were lower in 2017 than in 2016.
Throughout the province, the top 10 real estate deals made up 35.4 per cent of the total value of real estate deals on the list while in 2016, the top 10 accounted for more than 50 per cent. Here in Richmond, four real estate deals cracked the top 100 in the province, with a combined value of $206,450,000. Here they are:
1. No. 3 Road and Alderbridge Way - $113,000,000
Date: Sept. 29, 2017
Purchaser: Alderbridge Way LP and ARI Alderbridge Properties LP
Seller: UEM Sunrise (Canada) Development Ltd. And UEM Sunrise (Canada) Alderbridge Ltd.
Description: Development site of three parcels of land with a total area of 4.9 acres.
Parcels purchased: 5333, 5411/5494 No. 3 Rd. and 7960-7988 Alderbridge Way
2. 8368 Alexandra Rd. - $42,250,000
Date: Nov. 14, 2017
Purchaser: Tria Properties Ltd.
Seller: Kimberley Holdings Ltd, Property Hotels LP, Prosperity Ventures Ltd.
3. 11480 River Rd. – $28,700,000
Date: Sept. 25, 2017
Purchaser: Vancouver Fraser Port Authority
Seller: 11480 River Road Holdings Ltd., PCI Holdings Corp., Towton Investments Ltd.
4. 6300 No. 3 Rd - $22,500,000
Date: Nov. 22, 2017
Purchaser: Turn 18 Investment Ltd.
Seller: Dava Developments Ltd.
With files from Albert Van Santvoort/Business in Vancouver.
