Wednesday , June 29 2022

Chinese Bentall towers Chinese Owners who are looking to sell: reports


Following the purchase of Vancouver Bentall towers in 2016 by Anbang, a Beijing-based insurer, current talks are currently underway between Anbang and Canadian banks and commercial makers, about selling the potential of the four buildings that & # 39; Owned in the complex of the Bentall Center office.

According to the Asia Mingtiandi Real Estate business website, "should Anbang follow the reported debates in Canada, it would make a company get Canadian real estate assets first, after Anbang spent the purchase of $ 1.96 billion and home offices retire in the North American Nation from 2015 to 2017. "

By seizing the Anbang assets, Beijing owns four houses of the complex of the Bentall Center office in downtown Vancouver, which is estimated to be worth over $ 1 billion. The cluster of office towers is the largest office tower complex in Vancouver Metro with about two million square feet of floor space.

The office tower complex is said to be worth more than $ 1 billion, with Anbang winning a $ 600 million management share in 2016.

The Chinese government is also the new owner of Retirement Concepts, a chain of older Vancouver-based homes with two dozen properties in BC, Alberta and Quebec. The company's sales, worth over $ 1 billion, for Anbang was approved by the federal government of Canada last year.

Retirement Concepts have 10 properties in the Vancouver Metro region, and is one of the UK's provincial government billing providers of residential and residential care services, with a bill of $ 86.5 million for provincial taxpayers during the 2016 financial year- 15, according to the Globe and Mail.

In 2017, the Brookfield Office of Canada sold its 30-storey office tower at 777 Bay Street in downtown Toronto to Anbang for $ 515 million.

And two years ago, Anbang 70 York Road, the Downtown Toronto office building that houses the HSBC Canada offices, was for US $ 75 million.

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Staff DH Vancouver

Daily Hive is the evolution of Vancity Buzz, which was established in Vancouver in 2008. In 2016, the announcement and newsrooms were rebranded in Calgary, Toronto, and Montreal. Send story tips to [email protected]

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