Vancouver’s Anthem Properties Group has partnered with a Toronto-based real estate investment company to buy more of Metro Vancouver’s shopping centres.
The $362 million deal with Crestpoint Real Estate Investment Ltd. includes a gross leasable area of 1.3-million square feet of shopping space. Of the 11 properties included in the deal, two are in Metro Vancouver: Fraser Crossing in Langley and Salish Plaza in Chilliwack.
Anthem Properties already owns an estimated 57 properties across B.C. and Alberta, including Queensborough, a 40-acre site in New Westminster, and two shopping centres in Newton. It also owns the Alto mixed-used development building at 1205 Howe Street; the Save on Meats building at 43 West Hastings Street ; and, Station Square in Metrotown, a yet-to-be completed development that includes five residential towers with 450,000 square feet of retail and office space.
Anthem has approximately 4.25 million square feet of real estate space worth more than $2.5 billion.
