National telecommunications company Telus is selling its stake in its downtown Vancouver headquarters, the company said as part of a quarterly earnings release. The move comes against a backdrop of extremely low cap rates for office product in the downtown core of Vancouver. In a 2018 second-quarter report, CBRE noted cap rates were in the 3.75 per cent to 4 per cent range for what it called AA buildings. "Office and industrial end-product strata...
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