Keltic lists REVS Bowling project in Burnaby
Vancouver-based real estate developer Keltic Canada Development Co. Ltd. has listed the well-known REVS Bowling site in Burnaby for sale less than three years after acquiring it.
Project background
The REVS Bowling project, located in Burnaby, was purchased by Keltic with the intention of development. However, the company has now decided to put it on the market, signaling a shift in its development strategy or portfolio focus.
"Keltic's move to list the REVS Bowling site reflects changing market conditions and company priorities," an industry source noted.
Market context
Such quick turnover is notable in real estate development, where projects often take years to realize maximum value. Listing the property earlier may indicate fluid market dynamics or reassessment of asset utility.
Author's summary:
Keltic Canada Development Ltd. has placed the REVS Bowling property in Burnaby for sale under three years after purchase, highlighting shifts in their development strategy or market conditions.
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