Morguard Corp. acquires 20% stake in Telus Garden in Vancouver, signaling an office market recovery.

Morguard Corp. has acquired a 20% stake in the Telus Garden office building in downtown Vancouver, reflecting a surge in office transactions as work-from-home policies decline and interest rates decrease. The 24-storey building, which includes tenants like Telus Corp. and Amazon, spans 557,255 square feet. This acquisition highlights a robust recovery in the Vancouver office market post-pandemic, with investment volume reaching nearly $685 million in early 2024.

October 11, 2024
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