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Bayfield Realty Advisors Announce Sale of Place des Quatre-Bourgeois

Friday, June 1, 2012

TORONTO, ONTARIO – Mr. Harold Spring, President and CEO of Bayfield Realty Advisors Inc. (Bayfield) today announced that it has sold Place des Quatre-Bourgeois,a 245,000 square foot grocery anchored enclosed shopping centre located in Quebec City, Quebec for $32,025,000. The centre was 100% leased and national tenants of the centre included IGA (Sobeys), Winners, Hart Stores, Dollarama and Jean Coutu. The centre was purchased in 2008 for $24,415,000 and provided an excellent safe and consistent return on investment during Bayfield’s 4 year period of ownership. The property was sold on the basis of Bayfield’s belief that the property’s ability to generate increased returns had been substantially realized, and to take advantage of the current high demand and pricing of retail assets in the real estate market place.

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40 Eglinton Avenue East, Suite 300
Toronto, Ontario M4P 3A2

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  • Who We Are
    • About
    • Leadership
    • Bayfield News
  • What We Do
    • Management Principles
    • Asset Management
    • Property Management
    • Construction & Development Management
    • Lease Origination & Management
  • What We Did
    • Our Accomplishments
    • Redevelopment
    • Intensification
    • Market Timing
    • Greenfield Development
    • Strategic Transformations
    • Expansion & Remerchandizing
  • Portfolio
    • Portfolio Summary
  • Leasing
  • Our Impact
  • Contact Us