Great-West Life Completes Sale of Station Square

On May 7, 2004, the Great-West Life Assurance Co. completed the sale of Station Square Shopping Centre in Burnaby, BC for a sale price of approximately $50 million. The purchase was funded, in part, by mortgage financing secured from the Royal Bank of Canada. The purchaser, a partnership of the Anthem Group and the Beedie Group, was represented by Koffman Kalef, with a team that included Patrick Julian for acquisition purposes, Leslie Tucker on the financings and David Pedlow for tax and partnership purposes.

Great-West Life was represented by George Mucalov of Harper Grey Easton, and by Christopher Huband and Jeffrey Merrick of Blake, Cassels & Graydon.

Royal Bank was represented by Andrew Jackson of Fasken Martineau DuMoulin, and Anne Kober and Brent Lewis, also of Fasken Martineau, represented the second mortgagee, Kebet Holdings Ltd.

Lawyer(s)

Brent J. Lewis Anne L.B. Kober David S. Pedlow Andrew P. Jackson Jeffrey Merrick Leslie A. Tucker