MacMillan Bloedel building on West Georgia sold to investment group

The iconic 'waffle building' in downtown Vancouver sold to a consortium of companies for an undisclosed amount

By
Western Investor
April 1, 2019





1075 west georgia
MacMillan Bloedel building at 1075 West Georgia. | Wikipedia

 

The former headquarters of Canadian forestry company MacMillan Bloedel has sold to a consortium of real estate investment groups.

The 26-storey, 350,000-square-foot office building at 1075 West Georgia – nicknamed The Waffle Building for its unique checkered appearance – was purchased by Reliance Properties, KingSett Capital and Crestpoint Real Estate Investments. The sale is expected to close today. 

The 50 year-old building was constructed by architect Arthur Erickson, known for the famed Eppich House 2 in West Vancouver.  

The exact sale price is unknown. The building has a current assessed value of $255.1 million – up over 20 per cent from the previous year.

The building sold for $76.8 million in 1999 after MacBlo ceased operations.  


Tanya is a recent graduate of Langara College's journalism program and spent a summer freelancing for The Burnaby NOW and The Record, following a reporting internship with the publications. She joins Western Investor as an editorial assistant. Very much a millennial, she sees the irony in writing about real estate she will likely never be able to afford.
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