City of Cranbrook proposing sale of former Tembec Lands for $6M

The City of Cranbrook purchased 100 acres of industrial land formerly owned by Tembec in 2018. Photo courtesy City of Cranbrook.

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The City of Cranbrook is proposing to sell the former Tembec industrial lands for $6 million.

The proposed sale — to Peak Cranbrook Properties Ltd — includes 100 acres of industrial property and all associated buildings, structures and assets with the land, which the city acquired two years ago.

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Source: BC Local News

 

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