Pursuant to Section 26(3) of the Community Charter, the Corporation of the City of New Westminster gives notice of its intention to dispose of:

(a)    an approximately 31,164 square foot portion of the highway currently known as Beach Street as shown outlined in bold on the map below and marked as Area 1 (“Area 1”), and

(b)   an approximately 3,143 square foot portion of the highway shown outlined in bold on the map below and marked Area 2 (“Area 2”)

to 0996220 B.C. Ltd., as bare trustee and agent for the beneficial owner, and QBT Properties Limited Partnership as beneficial owner (collectively, the “Purchaser”). The Purchaser will pay the City $82.55 per square foot for Area 1 and $95.00 per square foot for Area 2, which equals a purchase price of approximately $2,871,173, which is based on the current estimated square footage of Area 1 and Area 2. The purchase price is subject to change based on the determination of the exact square footage of Area 1 and Area 2, which will be determined by surveying the areas. The nature of the disposition is fee simple.

Any persons interested in further information can contact: Development Services, City of New Westminster, 511 Royal Avenue, New Westminster, BC V3L 1H9; 604-527-4532; or .