Comment by
cfliesser on Apr 12, 2022 8:48pm
I wonder why they are selling it?
Comment by
JohnnyTSX on Apr 13, 2022 1:32am
My guess is the same reason many larger players are divesting in British Columbia and investing in plants elsewhere... Tough regulatory environment and unfriendly resource sector politics.
Comment by
SleepingGiant64 on Apr 13, 2022 9:15am
Like others said, they're definitely trying to cut the portfolio weight of BC. On the price, I would hate to give that up at a lumber multiple. Looking a Google Maps, that is a PRIME piece of real estate. 30 acres of prime industrial with direct river and highway access right in Vancouver has to be worth more than $20-$40m.