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  6. Bosa Development Acquires Dockside Green

M&A Deal Summary

Bosa Development Acquires Dockside Green

On October 10, 2017, Bosa Development acquired real estate company Dockside Green from Vancour City Saving Credit Union

Acquisition Highlights
  • This is Bosa Development’s 1st transaction in the Real Estate sector.
  • This is Bosa Development’s 1st transaction in Canada.
  • This is Bosa Development’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-10-10
Target Dockside Green
Sector Real Estate
Buyer(s) Bosa Development
Sellers(s) Vancour City Saving Credit Union
Deal Type Divestiture

Target

Dockside Green

Victoria, British Columbia, Canada
Dockside Green is a mixed-use residential and commercial real estate development in Victoria, British Columbia. The community sits on 15 acres of former industrial land that is being transformed into one of the most innovative green developments in North America. Once completed, it will include 26 buildings totaling 1.3 million square feet, and be home to about 2,500 people in three neighbourhoods.

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Buyer(S) 1

Buyer

Bosa Development

Burnaby, British Columbia, Canada
Category Company
Founded 1986
Sector Real Estate
DESCRIPTION

Bosa Development Corp. is real estate developer and owners of the recently renovated Empress Hotel. Bosa Development is based in Burnaby, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Vancour City Saving Credit Union

Vancouver, British Columbia, Canada
Category Company
Founded 1945
Sector Financial Services
Employees2,340
DESCRIPTION

Vancour City Saving Credit Union (Vancity) is a values-based financial co-operative serving the needs of its more than 523,000 member-owners and their communities in the Coast Salish and Kwakwaka’wakw territories, with 59 branches in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay.

DEAL STATS #
Overall 1 of 1
Sector: Real Estate M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 1 of 1
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