BCCUCC Better Manages Their Assets

Case Study  BCCUCC  Article Hero  1536x1040

The BC Conference of the United Church of Canada holds an extensive portfolio of properties located throughout the province.

In recent years, its congregations have experienced increased costs and liabilities due to changing demographics and aging facilities. As a result, BC Conference engaged CIC as part of their Property Resource Team to help Presbyteries, Congregations, and other ministries better manage their assets.

CIC’s scope of work includes undertaking redevelopment feasibility analyses, formulating business strategies, and creating asset management plans in an effort to develop mixed-use developments which will strengthen the ministries. Each site’s redevelopment program has been arrived at through a collaborative effort with CIC and the Property Resource Team.

The portfolio is currently forecasting more than 500 units of rental housing, across 5 projects, with total portfolio project costs of over $200 Million. Three of the 5 projects have secured 100% construction financing via BC Housing.

CIC continues to provide ongoing advisory and analysis services, looking for new properties to add to the redevelopment portfolio.


For More Information, Please Contact:

Justen Harcourt

Vice President, Consulting

Vancouver

In 2006, Justen joined Colliers as an Analyst with the Unique Properties Brokerage Group.  Over the course of two years with Unique Properties he was involved in the underwriting over $200 million worth of transactions ranging from Marinas and Ski Hills to Islands and Timber Portfolios.

In 2007, Justen joined Colliers Consulting as a Planning Consultant.  He currently specializes in providing Advisory, Valuation and Strategic Planning services on behalf of Institutional Clients, Developers as well as Government.

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