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Surrey shopping centre trades for $155M with an eye to future development

Strawberry Hill Shopping Centre is in an area slated for future densification
strawberry-hill-shopping-centre-surrey-sm
Strawberry Hill Shopping Centre in Surrey's Scott Road corridor sold for $155 million on Dec. 14, 2023.

DEAL | Strawberry Hill Shopping Centre, a 340,00-square-foot retail asset in Surrey’s Scott Road corridor, sold Dec. 14, 2023, to Strawberry Hills Shopping Centre Holding Inc. for $155 million. RioCan REIT acquired the property in 2002 for $58.3 million. Situated on 35 acres, the property holds CD-19761 zoning and is slated by city planners for future densification. CBRE Ltd. brokered the sale in partnership with the Firm Real Estate Services.

PRICE | $155,000,000

FROM | Yashar Khalighi, CBRE Ltd.