Gowling WLG advises on financing of Tsawwassen Commons Power Centre

02 November 2015

Gowling WLG (Canada) LLP acted for a syndicate of lenders led by Otéra Capital Inc. as administrative agent, syndication agent and lead arranger in connection with non-revolving term construction and non-revolving letter of credit facilities in the aggregate principal amount of C$116,750,000 in favour of Tsawwassen Development Power Centre Limited Partnership and PDG Tsawwassen Holdings Ltd. as co-borrowers. The project is located on lands owned by Tsawwassen First Nations and leased to the borrower/developer. The purpose of the new facilities is to finance the construction and development of the project lands and the retail power centre known as “Tsawwassen Commons” in Tsawwassen, British Columbia.

Tsawwassen Commons is a landmark 550,000 sq ft retail development with a diverse tenant mix and trading area that will service the areas of Tsawwassen, Ladner, South Delta, North Delta and South Richmond, British Columbia.

Gowling WLG Canada's team for this project consisted of Derek Winnett and Matt Mitchell.


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.