A Leader in Commercial Spaces
Based in Vancouver, B.C., Concert Properties is one of the largest developer of rental housing on Canada’s West Coast. The company has properties in Vancouver, Victoria and in the Greater Toronto Area, inclusive of 7,600 homes and 500,000-square-feet of commercial space.
Positioning the Asset for Maximum Return
Concert Properties appointed Colliers to manage the sale of Westport Business Centre. The asset consisted of five small bay multi-tenant buildings in Mississauga on 15 acres totaling 340,000 square feet. The Colliers team strategically positioned the asset to institutional, private and condo converters by highlighting its value and potential.
A Sought-After Investment in the MarketplaceColliers’ strategy to present Westport Business Centre to a variety of buyer groups created a competitive environment that maximized the clients return. Each group valued the property from a different lens, therefore driving up its value. Shortly after Westport Business Centre was listed, the asset achieved a benchmark capitalization rate for multi-tenanted small bay industrial spaces. This helped to establish the product as a landmark investment in the Greater Toronto Area market.