Telus鈥� $750-million headquarters, Telus Garden, has been sold to an undisclosed buyer for an unreleased amount, the Telecom announced in Telus鈥� latest quarterly earnings report.
Westbank Corp.
The property, which consists of an office tower and residential building at 510 West Georgia Street, was built with joint-venture partner Westbank Corp.
"In August, the Telus Garden real estate joint venture accepted an offer to purchase the income-producing property and the related net assets,鈥� Telus said in a news release. 鈥淭he sale is expected to be completed subsequent to August 3, 2018.鈥�
Though the sale price has not been disclosed, Telus said it stands to gain $170 million from its share of proceeds from the sale.
