Top 100 biggest real estate deals of 2015

Ranked by total value of the deal

Published in BIV's print edition on March 22, 2016. Online version updated March 23 and April 13: the sale of Metrotower III, Metrotown Centre was worth $205 million; deal #20 also contained an error and was previously listed at #18; deal #5 was incorrectly named, now corrected. Sources: Interviews with companies below, advisers to those companies and BIV research.

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Rank '16FootnotesPropertyPurchaserSellerDescription of the dealPartial list of primary advisersDate deal closedDeal value (CAD)
1 Metrotower III, Metrotown Centre
4710 to 4730 Kingsway, Burnaby
Metro Vancouver
www.metrovancouver.org
Ivanhoé Cambridge
ivanhoecambridge.com
Sale of Tower III in three-tower complex; transaction required the creation of an airspace parcel with multiple cross-easements and covenants as property is connected to two other office towers and B.C.'s largest retail mall Avison Young; Blake, Cassels & Graydon December 17, 2015 $205,000,000
2 Fairmont Hotel Vancouver
900 Georgia St W, Vancouver
Larco Hospitality
larcohospitality.com
Ivanhoé Cambridge
ivanhoecambridge.com
556-room landmark hotel in downtown Vancouver May 2015 $180,000,000
3 WIP LP apartment portfolio
Various; suburban Metro Vancouver
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT)
www.caprent.com
WIP Investment LP
www.wipinvestmentcorp.com
19 apartment properties totalling 919 residential suites; properties are in North Vancouver, Port Moody, Coquitlam, Burnaby, New Westminster, Surrey and Langley McMillan LLP; CBRE Ltd September 14, 2015 $170,000,000
4
1150 Douglas St, Victoria
Standard Life Assurance Co of Canada
www.standardlife.ca
LaSalle CIG III GP Inc
Retail Avison Young February 11, 2015 $123,100,000
5 Royal City Centre
610 Sixth St, New Westminster
Kunyuan International Group
RCC LP, RC Centre (Vermont) LP
Retail Cushman & Wakefield December 17, 2015 $114,700,000

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Business in Vancouver makes every attempt to publish accurate information in the List, but accuracy cannot be guaranteed. Lists are researched by Carrie Schmidt and Anna Liczmanska. For questions or to provide feedback, please contact us by email, lists@biv.com.

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