Unlocking value from a legacy asset to create a public utility

On Annacis Island, working with the Greater Vancouver Regional District, we negotiated favourable terms to widen a statutory right of way to accommodate the expansion and upgrade of an aged public utility while also retaining our rights to the land.

In addition to benefiting from the immediate significant revenue creation that results from this agreement, the expanded perpetual statutory right of way will also preserve essential surface and above-grade rights to allow full utilisation, movement and parking of fully loaded tractor-trailers, shipping containers and storage of materials, all of which move daily on and off our active industrial property.

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