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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:

David Bowden

Vice Chairman, Head of Strategy & Consulting Group

Vancouver

With more than 40 years of experience in the commercial real estate industry, including serving as CEO I Canada at Colliers International for 14 years, David assumed the role of Vice Chairman and Head of Strategy and Consulting I Canada on March 31, 2020. In this role, David integrates Colliers’ existing consulting practices into a national Real Estate Strategy & Consulting entity, building on operations to deliver the best real estate solutions for investors, institutions and corporate clients with significant real estate assets and portfolios.

David is highly regarded for his deep connections and innovative business perspective, providing strategy and guidance on best practices in corporate leadership, change management and innovation.

David holds a Bachelor of Commerce in Urban Land Economics from the University of British Columbia and is a member of REALPAC. Consisting of fewer than 100 members, REALPAC is the national industry association dedicated to advancing the vitality of Canada’s real estate sector. 

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