Nicola Wealth Real Estate and PC Urban Announce New Industry Acquisition in Canadian Business Journal Coquitlam

Vancouver, British Columbia, May 19, 2022 (GLOBE NEWSWIRE) — Nicola Wealth Real Estate (NWRE) and PC Urban Properties have announced the acquisition of the 2660 Barnet Highway in Coquitlam, British Columbia. The partnership will be a joint venture on a 3.4-acre site on the southwest corner of the intersection of Barnet Highway and Bond Street, just west of the rapidly expanding Coquitlam Town Center.

“We are excited to continue working with PC Urban to develop geo-industry projects in Metro Vancouver,” says Mark Hanna, Managing Director of Nicola Wels Real Estate. “This is Coquitlam’s first urban project, but it’s part of a long legacy of a successful industrial development partnership between the two companies across Metro Vancouver and British Columbia.” This project boasts a great location. , Helps meet the strong demand for the industrial segment throughout Lower Mainland.

With rising interest rates, rising industrial rents, and continued historically low industrial vacancies, industrial development continues to set record sales and pricing. With this acquisition, the goal is to develop two buildings totaling approximately 100,000 square feet.

“The three cities of Coquitlam, Port Coquitlam and Port Moody are hungry for new industrial products,” said Brentsochin, CEO of PC Urban. “This project offers the same quality and functionality that is synonymous with the IntraUrban brand across BC, and addresses the growing number of small businesses seeking to buy their own workspace.”

The partnership has collaborated with 12 other urban projects throughout British Columbia and recently acquired 2.8 acres of land on Bernard Street 8700 in South Vancouver to carry out this strategy.

Nicola Wealth Real Estate (NWRE) is an in-house real estate team of Nicola Wealth, Canada’s leading financial planning and investment company, with $ 12.1 billion (CAD) in assets. NWRE has an experienced and innovative team that manages a portfolio of assets across different asset classes, including industrial, multi-family rental apartments, offices, self-storage, retail and senior citizens, in key North American markets. I am. housing. With the acquisition of Blackwood Partners, the total asset value of the current NWRE portfolio is over $ 8 billion. NWRE continues to focus its growth on key Canadian markets such as Greater Vancouver, the Greater Toronto Area and Montreal, with a focus on generating revenue-generating real estate and value-added opportunities.

For more information on the Nicola Wealth Real Estate Fund, please visit:

About PC Urban
Founded in 2010, PC Urban Property is a Vancouver-based real estate development and investment company. The PC Urban Team is an interdisciplinary group of dedicated individuals focused on maximizing the unrealized potential of clients, the community, and the properties we reimagine. We have successfully developed and launched real estate projects across all asset classes, including retail, office, industry and multi-family. Our passion is to build a space for people to live and a space for people to work. PC Urban operates in Metro Vancouver, Central Okanagan, and Southern Vancouver Island. PC Urban has developed over $ 2.1 billion in projects across all asset classes. Currently, 2.4 million square feet of space is under development, including 700,000 square feet of office space.

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Nicola Wealth Real Estate and PC Urban Announce New Industry Acquisition in Canadian Business Journal Coquitlam

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