Telus’ $750 million headquarters – completed in 2015 – has sold just three years later to an undisclosed buyer for an unreleased amount.Ìý
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Telus Garden comprises an office tower and residential building at 510 West Georgia Street, constructed in a joint venture between Telus and developer Westbank Corp. The sale was revealed in Telus’ latest quarterly earnings report.Ìý
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"In August, the Telus Garden real estate joint venture accepted an offer to purchase the income producing property and the related net assets; the sale is expected to be completed subsequent to August 3, 2018," according to a media release.Ìý
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Though the sale price is undisclosed, Telus said it stands to gain $170 million from its share of proceeds from the sale.
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