KingSett Capital Buys Pender Place Office Towers In Vancouver From CF & IMCO

KingSett Capital, a Toronto-based private equity real estate firm, has acquired the Pender Place office towers in downtown Vancouver from Cadillac Fairview and the Investment Management Corporation of Ontario for $125 million. The property, consisting of two 16-storey buildings constructed in 1973, offers a total of 292,613 sq. ft of leasable space and was valued at $146,174,000. This acquisition adds to KingSett's portfolio of Vancouver office properties, amidst its involvement in various transactions and insolvency proceedings across Canada.