The land and underground parking beneath the Portage Place shopping mall in downtown Winnipeg as been sold by the City of Winnipeg’s North Portage Development to Toronto-based Starlight Investment for $47 million.
Breakdown:
Price: $47 million
Lot size: 440,000 square feet
Real estate: Development site
Zoning: High-density, mixed-use
Date of sale: July 18, 2019
Address: 393 Portage Avenue
City: Winnipeg, Manitoba
Name of vendor: City of Winnipeg
Name of buyer: Starlight Investment
