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It's Not Too Late to Purchase a Priceless Piece of Vancouver Island Real Estate
Newport Beach, CA (PRWEB) November 1, 2007 -- With one week until the bid deadline, prospective buyers are gearing up to bid on a portion of the 14,000 acres of land that TimberWest Forest Corporation is selling on Vancouver Island in British Columbia. In conjunction with Canada-based commercial real estate brokers Avison Young and Colliers International, LFC Online (http://www.LFC.com/686R4)is offering six separate parcels of forest land, most with merchantable timber value, in an accelerated online auction marketing campaign.
Capes Lake (http://www.LFC.com/686R4)is a one-of-a-kind 12,000 acre mountaintop parcel offering pristine forest, cascading waterfalls, serene private lakes and unsurpassed views of picturesque Georgia Strait. Located just 350 km (217 miles) from the City of Victoria and adjacent to Strathcona Provincial Park, this legacy property would be the perfect addition to any exclusive real estate portfolio.
As the gateway to some of the most breathtaking coastlines in the world, Port Renfrew (http://www.LFC.com/686R4), "The Undiscovered Jewel of the West Coast," offers over 1,400 total acres of secluded forest land divided into four distinct parcels, ranging from 165 to 800 acres. With its tranquil landscape that has made the west coast of Vancouver Island famous, these rural properties offer slices of untouched wilderness with potential development possibilities.
Finally, perfectly situated on a highly-accessible, waterfront lot, the Campbell River (http://www.LFC.com/686R4)parcel is located in a growing industrial area, neighboring a barge loading dock, an industrial park and Catalyst Pulp Mill. Complete with a functional office building, an 11,000 sq. ft. workshop with adjoining oceanfront office premises, a concrete boat launch and a wharf with adjoining dock, this 33-acre, industrial development site is perfect for a company looking to relocate or expand.
"What's so great about our online platform is that potential buyers can bid from all over the world," comments Bill Lange, President of the LFC Group of Companies (http://www.LFC.com/686R4). "It isn't too late for serious buyers to participate in this auction featuring very low minimum bids. Even if they cannot physically visit the property, they can perform their due diligence through our website which includes thorough and extensive information on the properties for sale, such as images, maps, and other detailed documents."
With the bid deadline of November 8, 2007 just around the corner, interested parties and potential bidders are urged to visit www.LFC.com/686R4 to review more information about the available properties and register to bid in this once-in-a-lifetime online auction event.
LFC Group of Companies:
For over 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. www.LFC.com
Avison Young Commercial Real Estate Inc.:
Avison Young is a real estate brokerage and consultancy firm specializing in corporate tenant representation for office, industrial and retail companies as well as in investment property acquisitions and dispositions and in landlord representation. The company has ten offices across Canada and is part of the Grubb & Ellis Global Alliance of commercial real estate professionals. Avison Young is a partner-owned Canadian commercial real estate company comprised of over 300 real estate professionals including licensed brokers, financial analysts, research professionals and marketing specialists across Canada. www.avisonyoung.com
Colliers International:
Colliers International is the largest commercial real estate firm in Canada and one of the largest in the world. Colliers offers a wide range of specialized capabilities including commercial brokerage services, asset services, corporate and financial services as well as market research and information services. Colliers employs over 10,000 professionals occupying 334 offices in 57 countries. Colliers has been built on the strengths and depth of our local market knowledge offered to our clients through a global platform. In Vancouver, Colliers has a full service office consisting of 212 employees and is recognized as the top performing Canadian Colliers office for the last four consecutive years. With our 100 plus years of history in Vancouver, Colliers has a distinct competitive advantage.
TimberWest Forest Corporation (TSX: TWF.UN):
TimberWest Forest Corporation is uniquely positioned as the largest owner of private forest lands in western Canada. The Company owns approximately 334,000 hectares or 825,000 acres of private timberland. These timberlands are located on Vancouver Island and the majority of the land base supports the growth of Douglas fir, a premium tree species sought after for structural purposes. TimberWest runs fully-contracted harvesting operations. With almost 80% of the Company's annual private land logging now being done in second-growth stands, TimberWest leads the Coastal industry in the growing and harvesting of second-growth timber. The Company's independent auditor, KPMG Performance Registrar Inc., periodically certifies that the forest management practices on the Company's private timberland continue to meet all Sustainable Forestry Initiative (SFI®) requirements. SFI requirements specify that forest harvesting is integrated with environmental and conservation goals for soil, wildlife, water quality protection, conservation of biodiversity, protection of special sites and aesthetics in a manner that ensures a sustainable harvest over the long-term. TimberWest also owns renewable Crown harvest rights to 0.7 million m³ of logs per year and operates a sawmill located near Campbell River, BC. In addition, approximately 38,000 hectares or 94,000 acres of the Company's private forest lands have been identified as having greater value as real estate properties and will progressively be made available for higher uses over the next ten to fifteen years. The Company reviews its land base on a periodic basis to update the size of its portfolio of higher use properties. www.timberwest.com
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