Downtown Winnipeg mall site sold for $47M

Land and underground parking beneath troubled Portage Place shopping centre in Winnipeg purchased by Toronto's Starlight Investment

By
for Western Investor
July 26, 2019





DD Winnipeg mall Portage Place
Photo supplied by City of Winnipeg

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


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