The City of Richmond owns a large portfolio of real estate acquired for income generation, strategic investment, and economic development purposes. Coriolis worked with the City’s Real Estate Department to develop a strategic plan for the portfolio, including acquisitions, dispositions, governance, and targets for financial performance. The Strategy was recently adopted by City Council.
Coriolis is helping the City of Edmonton create an implementation strategy for the development of a large parcel of City-owned riverfront land.
Coriolis has been retained by the District of Squamish to help develop business terms for the sale and development of a large oceanfront parcel of land near downtown.
Coriolis provided expert urban planning advice regarding land acquisitions for construction of the Evergreen rapid transit line in Metro Vancouver. Services included advising on property acquisition strategies, identifying development opportunities, and providing opinion reports needed for expropriation proceedings.
For a major provincial government agency, we analyzed and compared the long term cost of office accommodation under various alternatives including leasing space on the open market, building/owning a new building, or entering into a long-term build/leaseback arrangement with an investor.
For the Federal Government, we evaluated office space requirements in several regions and developed strategic plans for the most cost effective way to meet future requirements for office space. We have completed major office requirements studies in Vancouver, Victoria, Okanagan, Whitehorse, Yellowknife, and Saskatoon.
For various public and private sector land owners, we have evaluated the advantages and disadvantages of disposition of surplus property via prepaid lease, lease with annual rent payments, sale, or more complex arrangements that include income or profit participation.
A group of companies with operations in marine transportation and real estate development retained Coriolis to assist in the development of a strategy for the ongoing strategic handling of the BC land holdings of its various operating companies. The work involved looking for opportunities for new acquisitions to enhance operations and new long term real estate investments.
We have a long term relationship with a pension plan that has ear-marked a portion of its assets for direct equity investment in real estate. We identify acquisition candidates, negotiate acquisitions, negotiate dispositions, and help coordinate property management for properties in the portfolio.
For a major Greater Vancouver area Credit Union, we evaluated existing branch locations in the context of anticipated trade area growth and recommended changes to the network of branch locations.