Airport World
Vancouver International Airport (YVR) has selected Cushman & Wakefield as its exclusive advisor to secure a partner to invest, complete construction and lease-up of a 300,000-square-foot facility near the airport’s main terminal.
The facility was initially designed to create additional capacity in utilities when the airport was experiencing double-digit growth.
However, with a view to optimise the land on Sea Island, YVR is now seeking to drive value from its infrastructure and land assets to diversify revenues and grow its core airport business while supporting regional economic development.
“We’re exploring new and innovative ways to strengthen our role as a diverse global hub while aligning YVR to the future growth and needs of British Columbia,” reveals Vancouver Airport Authority’s vice president for business development, Bill Bakk.
