Columbia National Investments acquires development lands from A.J.B. Investments

Date Closed: 6/22/2006

Value: $32 million

On June 22, 2006, Columbia National Investments Ltd. acquired from A.J.B. Investments Ltd. a total of 3,285 acres of land on the Sunshine Coast of British Columbia for mixed residential development and mineral and timber extraction. The purchase price was $32 million. The acreage is in three different locations, with 2,174 acres near Sechelt, 803 acres at McNabb Creek and 309 acres at Seaside Park in the Port Mellon area.

A.J.B. Investments Ltd. was represented by David Longcroft and Magnus Verbrugge of BLG.