British Columbia’s biggest real estate deal in 2014 did not involve a … – Business in Vancouver

British Columbia’s biggest real estate deal in 2014 did not involve a land sale

Ivanhoé Cambridge sinks $750m into Tsawwassen First Nation mall

A landmark agreement between Canada’s second-largest pension fund and a tiny aboriginal band not only topped Business in Vancouver’s list of the biggest real estate deals for 2014 in B.C. but is also the biggest non-resource agreement ever inked by a First Nation in British Columbia.

And it did not involve a land sale.

“I think it is the biggest single deal for any First Nations in the province, certainly in the Lower Mainland,” said Chris Hartman, CEO of the Tsawwassen First Nation (TFN) Economic Development Corp.

Read More: http://www.biv.com/article/2015/3/british-columbias-biggest-real-estate-deal-2014-di/