Premiere
408 East Columbia Street

The Offering

Cushman & Wakefield is pleased to present to the market a 100% freehold interest in a 72-suite, market rental development at 408 East Columbia Street, New Westminster BC, adjacent to the Royal Columbian Hospital and near the Sapperton SkyTrain Station.

Part of a newly constructed mixed use building known as “Premiere”, the 72 suite rental component comprises 51,960 sf of rentable area plus all building common areas. The modern offering features one, two, and three bedroom condo quality suites with spacious layouts, stunning views and highly sought after amenities. With 146 parking stalls, a fitness facility, and common rooftop patio, Premiere will persistently command market-leading rents in a market starved for rental product. Furthermore, the Property is uniquely positioned in the market with rapid transit less than a 10-minute walk away providing a strategic centre ice location for young professional and families.

Premiere is located in the vibrant and rapidly growing Sapperton neighbourhood of New Westminster. The Property benefits from its central location surrounded by greenspace, pedestrian friendly walkways, restaurants and retail amenities along with Royal Columbian Hospital which is undergoing a three-phase redevelopment to be completed in 2026. The Property’s character is enhanced further by the nearby Brewery District serving as the catalyst for the mixed-use revitalization of the area with new restaurants, a grocery store and retail amenities flocking to the neighbourhood.

The combination of the asset quality, central location, and underlying economic fundamentals support the local rental market for further accelerated growth in the near term compounding the investment upside that Premiere presents to the market.

Investment Highlights

• Brand new-mixed-use, purpose-built rental apartment building located in the historic Sapperton neighbourhood of New Westminster that will provide market-leading rents, low vacancy and excellent growth potential
• Strategic, "Centre - Ice" neighbourhood for young professionals and families now and for the future
• Transit Oriented with all essential services within easy walking distance
• Proximity to major employment hubs

Building Features

• Condominium-style finishes
• Private fitness room
• Rooftop patio
• Ground-level retail and restaurants
• 5 levels of underground parking 
• Secured domestic and bicycle storage

Location Overview

• Centrally located in Metro Vancouver, efficient access to neighbouring municipalities and downtown Vancouver
• Next to the expanding Royal Columbian Hospital
• Located in the burgeoning employment center in Sapperton
• Walking distance to Skytrain
• Minutes from the historic downtown New Westminster
• Vibrant community with a rich heritage and culture
• walkable, bikeable neighbourhood
• Surrounded by popular amenities and professional services

Access to the Due Diligence Data Room

Interest parties are encouraged to contact the exclusive property advisors to receive access to a due diligence data room upon execution of a Confidentiality Agreement "CA". Please contact the exclusive property advisors for pricing guidance and offer submission guidelines.