January 18, 2017 6:56 PM ET

Real Estate Management and Development

Company Overview of B.C. Pavilion Corporation

Company Overview

B.C. Pavilion Corporation, also known as PavCo, develops, owns, and operates public convention, sports, and entertainment facilities. The company was founded in 1984 and is based in Vancouver, Canada.

999 Canada Place

Suite 200

Vancouver, BC V6C 3C1

Canada

Founded in 1984

Phone:

604-482-2200

Fax:

604-681-9017

Key Executives for B.C. Pavilion Corporation

Acting President
Compensation as of Fiscal Year 2016.

B.C. Pavilion Corporation Key Developments

B.C. Pavilion And Vancouver Fraser Port Authority TO Sell 6.2 Acres On Vancouver's Waterfront

B.C. Pavilion Corporation and Vancouver Fraser Port Authority are seeking to sell 6.2 acres of land on Vancouver. Unique Properties Group told the Financial Post that the property in Vancouver's Inner Harbour will hit the market on November 15, 2016. The group wouldn't reveal a pricing target. Mark Lester, Senior Vice-President with Unique Properties Group, said, “Trying to find a new marina to build is exceedingly challenging. That's not just in Vancouver but everywhere in B.C. because the regulatory process is difficult to navigate," said "We get calls all the time saying 'I'd love to build a marina' but where? Most good waterfront has already been developed. Our intent here is to seek expressions of interest and work with somebody," he said, adding that the capital that would be needed to be put in the marina is difficult to price. The nature of the transaction is something that could vary from proponent to proponent. Essentially the buyers of the water lot are purchasing a sublease for the location, which is divided into two lots, one owned by the British Columbia Pavilion and the other the Vancouver Fraser Port Authority. It's a long-term lease, more than 30 years. Once you get past 30 years, it doesn't really matter once you amortize out (the costs and cash flow). Most marinas are operating Crown water lots. The way they work, the lease might be for 15 years but you have the right to renewal as long you meet the rules for renegotiation."

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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