Bidders Jump at the Chance to Acquire a Slice of Canadian Wilderness
TimberWest Forest Corporation has selected Internet real estate auction specialists, LFC Online, in conjunction with Avison Young Commercial Real Estate Inc., the premier Canadian commercial real estate company, to sell over 14,000 acres of unique forest land on Vancouver Island, British Columbia, Canada. In this accelerated online auction marketing campaign, bidders will have the opportunity to acquire six separate land parcels of Canadian wilderness with merchantable timber value in three beautiful locations: Capes Lake, Port Renfrew and Campbell River.
Newport Beach, CA (PRWEB) October 3, 2007 -- TimberWest Forest Corporation has selected Internet real estate auction specialists, LFC Online, in conjunction with Avison Young Commercial Real Estate Inc., the premier Canadian commercial real estate company, to sell over 14,000 acres of unique forest land on Vancouver Island, British Columbia, Canada. In this accelerated online auction marketing campaign, bidders will have the opportunity to acquire six separate land parcels of Canadian wilderness with merchantable timber value in three beautiful locations: Capes Lake, Port Renfrew and Campbell River.
Capes Lake is a one-of-a-kind mountaintop parcel offering over 12,000 acres of pristine forest, cascading waterfalls, serene private lakes, merchantable timber and unsurpassed views of picturesque Georgia Strait. Located just 350 km (217 miles) from the City of Victoria and adjacent to Strathcona Provincial Park, the Capes Lake parcel 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, '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, the properties provide pieces of untouched wilderness for the most discriminating buyer. Finally, perfectly situated on a highly-accessible, waterfront lot, the Campbell River parcel is located in a growing industrial area, neighboring a barge loading dock, an industrial park and a 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, waterfront industrial development site is ready for use.
"Our innovative online auction program breaks down traditional barriers for real estate buyers. Unlike conventional, live 'outcry' auction events, our buyers don't need to be in a specific location at a certain time. They can conduct the bulk of their property research online, visit the properties at their own convenience and then place their bids from literally anywhere in the world. In today's Internet-based world, the conventional sales process just isn't the most efficient vehicle for either buyers or sellers of real estate," remarks Bill Lange, President of the LFC Group of Companies. "Vancouver Island's prime Pacific Rim location makes it extremely attractive to American, Canadian and Asian buyers. Our online program literally allows anyone in the world who may be interested in purchasing these quality properties, the opportunity to do so at prices of their choice."
The bid deadline is November 8, 2007, and prospective buyers are encouraged to visit www.LFC.com/686R1 to review more information about the available properties and register to bid in this rare online auction.
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 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
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 that, over the previous five years, has provided an annual average harvest of 2.594 million m³ of logs and has an approximate annual growth rate of 8.0 m³ per hectare per year on the productive land base. 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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