News & Events

Strathallen Capital Corp. Completes Disposition of Retail Property in New Westminster, BC

Friday, 15 January 2016

Strathallen Capital Corp announces on behalf of SRF2, CBC Pension Fund and its partner Vermont Property Group, the disposition of Royal City Centre, New Westminster, British Columbia, as of January 2016.
 
During the term of management, Strathallen’s successful transformation of this centre included lease negotiations with Major Tenants, new leases for existing Tenants, lease-up of newly created units, demolition, and construction.
 
Most notably, the redevelopment strategy of the centre resulted in the construction of a two-storey, 110,000 SF Walmart, adding significant value to the property, solidifying the centre’s prominent place within the market.