Acquisitions

Nickel at 285 West 5th Avenue, Vancouver, BC

September 25, 2017
Office

285 West 5th Avenue, Vancouver

Purchased: 2017

Nicola Crosby, the real estate division of Nicola Wealth Management Ltd., is pleased to announce the acquisition of 285 West 5th Avenue in Vancouver in partnership with PC Urban.

The site is comprised of approximately 23,638 sf at the northeast corner of Alberta Street and West 5th Avenue in the heart of Vancouver’s Mount Pleasant neighbourhood. The proposed development, branded as ” Nickel”, will be comprised of a four-storey building, totaling 70,737 sf. Construction is expected to commence shortly and the building is approximately 60% pre-leased.

Special Thanks to:

  • PC Urban (Joint Venture Partner)
  • Brokers – John Boer, Matt Smith and Oliver Omi (Colliers)

For more information, please contact any of the following:

Mark Hannah
Mark Hannah Managing Director, Real Estate 778-383-6937
Alex Messina
Alex Messina Director of Acquisitions,
Real Estate 778-383-4020
Shaun Blythen Acquisitions Manager,
Real Estate 604-558-5500

About Nicola Wealth Real Estate

Nicola Wealth Real Estate is the in-house real estate division of Nicola Wealth.  Our team acquires and manages properties for Nicola Wealth’s real estate portfolios.  We are an experienced team with a disciplined approach, dedicated to building high quality real estate portfolios that are diversified both geographically and by asset type.

About SPIRE Real Estate Portfolios

SPIRE Real Estate LP is an investment portfolio comprised of retail, industrial, office, multi-family, seniors and self-storage properties totaling 3.7 million square feet located in major Canadian markets. SPIRE US LP is an investment portfolio comprised of office, retail and industrial properties located in Seattle, San Francisco, Denver, Phoenix, Houston and Chicago. The portfolio also includes interests in over 14,000 multi-family apartment units located in the South and Southeast US. SPIRE Value Add LP is a new addition to the SPIRE and SPIRE US investment portfolios and focuses on generating returns through re-sale of investments in multiple projects using “value-add strategies.”

About PC Urban

PC Urban is a Vancouver-based real estate investment and development company that is inspired by unrealized potential in commercial, industrial and residential properties.  PC Urban thrives on solving the complexities of urban development and creating extraordinary results.  We call this process property re-imagined, and it’s key to bringing every property its true purpose. The principals of PC Urban have acquired indispensable skills and first-hand experience creating and overseeing a multitude of commercial and mixed-use developments throughout BC, Western Canada and Washington State. These projects encompass all forms of real estate; industrial/commercial, retail and residential.