Canada's leading shopping-centre developer is making big moves in the Lower Mainland with eyes on what will be a first for the company: mixed-use projects.
On June 30, Toronto-based First Capital Realty Inc. added the 293,000-square-foot Semiahmoo Shopping Centre in Surrey for $84.5 million to its stable of properties.
The company already owns 178 properties across the country totalling 21.2 million square feet of gross leasable space.
Michael Lowe, B.C. managing director at First Capital, said the company's entry into mixed-use development in the province is being done with a major focus on community participation.
From Western Investor, September, 2010
