Erton Street - STEPS TO DAVISVILLE SUBWAY STATION - CBRE
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Merton Street
Fifty & Sixty-Four
L A N D M A R K D E V E LO P M E N T O P P O R T U N I T Y
MERTON ST
DAVISVILLE STATION
LE AVE
DAVISVIL
YO
N
RD
G
E
ST
ANT
LEAS
MT P
S T E P S T O DAV I S V I L L E S U B WAY S TAT I O N
EGLINTON PARK NORTH TORONTO COLLEGIATE INSTITUTE
Executive
Summary
FUTURE EGLINTON CROSSTOWN
CENTENNIAL COLLEGE EGLINTON AVE E
EGLINTON STATION
FARM BOY
CBRE’s Land Services Group, on behalf of the Girl Guides of
M
Canada and Abraham J. Green Limited, is pleased to offer
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for sale 50 & 64 Merton Street (collectively known as the
LE
“Property” or “Site”) in Midtown Toronto. The Properties are
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being offered for sale together not individually, and a 2
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NT
year leaseback will be required for both. Situated on over
RD
0.6 acres with 150 ft. of frontage along Merton Street, within
one of the most coveted neighbourhoods in the City, the
JUNE ROWLANDS PARK Property provides a significant opportunity for high density,
TORONTO PREP SCHOOL
mixed-use development. Currently improved with two low-
rise office buildings, the Property is currently underutilized
DAVISVILLE STATION
ORIOLE PARK DAVISVILLE AVE based on density and built form, and as such presents a
prime opportunity for redevelopment. The Site is positioned
within OPA405 (Yonge-Eglinton Secondary Plan) and is
BALLIOL ST designated Mixed Use Areas “B” and is located within the
Merton Street Character Area, which allows heights up to 40
storeys, with the greatest heights closest to Yonge Street.
PA
LT Prior to development, a Zoning By-Law Amendment and Site
ON
I
CRES Plan approval will need to be obtained.
MERTON ST Whether it be a high rise condominium or purpose built rental
project, the Midtown Toronto neighbourhood provides strong
market fundamentals suited for a wide range of developers
ST
and operators. Condominium product is currently selling on
E
G
average in excess of $1,300 per sq. ft., with the bulk of units
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YO
selling within the first months of opening (RealNet, 2021).
Additionally, there are multiple purpose built rental projects
achieving in excess of $4.00 per sq. ft. with vacancy rates
below 1.5% (Urbanation, 2021).
The Site is exceptionally well located to capitalize on some
of Toronto’s top amenities and services that the City has to
MOUNT PLEASANT CEMETERY offer, yielding an excellent walk score of 87 and transit score
of 82. The offering provides an unparalleled opportunity to
acquire designated high density residential land in Midtown
Toronto.
Steps to
Ideal Market
Davisville Subway
Demand and
Station and
Pricing
Yonge-Eglinton Since 2017, ten high rise projects have launched in
the Toronto Midtown neighbourhood, cumulatively
The Property is less than a 5-minute walk introducing over 3,300 new units. Today, only 409
from Davisville Subway Station, providing for remain available for sale and are achieving pricing
convenient commuting and travel across the City. in excess of $1,300 per sq. ft.
In addition, future residents will benefit from the
array of local amenities and services, including
a diversity of restaurants, bars, grocery stores,
cafes and retail stores.
Land Use Favourable
Policies Permit Growth and
High Density Demographic
Development Trends
As per the current designation within OPA405,
Within a 3km radius of the Site, the population is
the Site presents a significant opportunity for
anticipated to grow by over 11% by 2025 and the
high density development being within a 250
average household income is just over $238,000,
metre radius of the Davisville Subway Station and
which is almost double that of the City of Toronto’s
steps to Yonge Street, where the greatest heights
average (SiteWise, 2021).
are permitted.
Property
Summary
PIN (s)
50 Merton Street: 211240034
64 Merton Street: 211240033
Total Size
0.66 acres (28,749.6 sq. ft.)
Total Frontage
150 ft. along Merton Street
Depth
193 ft. 50 MERTON ST
Official Plan
APPLICATION
The Site is within OPA405 (Yonge Eglinton Secondary Plan), and designates the
Property Mixed Use Areas “B” and Merton Street Character Area. 30 MERTON ST - QUADREAL
Application has been approved by the
LPAT to permit a 37 storey purpose
Zoning (By-law 569-2013) built rental with over 330 units.
CR 2.0 (c2.0; r2.0) SS2 (x2495)
64 MERTON ST
Existing Conditions
50 Merton Street is currently improved with a 3 storey office building, that is
currently the Girl Guides of Canada Headquarters with surface parking in the
back. The total area of the existing building at 50 Merton Street is just under
21,800 sq. ft.
64 Merton Street is currently improved with a 2 storey office building with the Al
Green gallery. The total area of the existing building at 64 Merton Street is just
over 11,700 sq. ft.
Please note the Properties will be sold together not separately.
ON ST
Mortgage MERT
Treat as free and clear
Environmental
The owners are currently undertaking a Phase 1 ESA for the Property, which will be
uploaded into the Document Centre once complete.
Planning
and Land Use
MT PLEASANT RD
3 OPA405 - Yonge Eglinton Secondary Plan
The offering provides a landmark opportunity for redevelopment, in one of Toronto’s most desirable neighbourhoods with existing land use policies
MER
that favour high density development.
1
TON
The Property is located within OPA405 (Yonge Eglinton Secondary Plan) and is designated Mixed Use Areas ‘B’ and is identified within the Merton
Street Character Area. Within the Merton Street Character Area, up to 40 storeys are permitted, with heights generally decreasing from north to south
ST
and from west to east away from Yonge Street and Davisville Subway Station. As such, the Site is well-positioned to allow for significant height being
6 steps from Yonge Street. Policies within OPA405 for Merton Street Character Area seek to ensure that new tall buildings are compatible with the scale
and character of the existing buildings along the street, to reinforce the pedestrian realm.
BALLIOL ST
In addition, the Site is within a 250 metre radius from Davisville Subway Station, making it an ideal location for high density, mixed-use development.
Based on the current designation, an OPA would not needed to be obtained to permit redevelopment.
2
E AVE
ILL
DAVISV
Nearby Development Applications
Along Merton Street and Balliol Street there has been an increase in proposed developments for both condominium and purpose-built rentals.
4 Secondary Plan policies for the area favour high-density, mixed use development and allow for an increase in heights closer to transit stations. The
5 property adjacent to the Site at 30 Merton street has received LPAT approval, on condition, to permit the development of a 37 storey rental with an FSI
of 12.08, which provides a precedence for height on the Site.
Proposed Proposed
Address Builder/Applicant Type Storeys Date Submitted Status
Units GFA
DAVISVILLE STATION YONGE ST SmartCentres REIT & Purpose-Built
1 185 Balliol Street 35 449 321,814 Sep-20 Under Review
Greenwin Rental
LPAT Appeal - CMC March
2 131 & 155 Balliol Street Amelin Properties Condominium 38 536 406,757 Jun-20
2021
3 276 Merton Street Rockport Group Condominium 13 51 80,976 Jun-18 Council Approved
Jun-17 LPAT Appeal - Appeals
Purpose-Built
4 30 Merton Street QuadReal 37 334 349,181 (resubmission April allowed in part, applicant to
Rental
2020) satisfy conditions
Purpose-Built
5 22 Balliol Street Shiplake 38 425 308,043 Feb-16 LPAT Appeal - Active
Rental
Purpose-Built
6 140 Merton Street CreateTO Rental (Housing 18 90 171,636 N/A City Initiated
Now Initiative)
Market
Untitled Toronto - North Tower Times Group Corporation
1
2
6
Overview
3 5
8
10
EGLINTON 9
The Toronto Midtown neighbourhood has become a prime location 4
for developers as they search for their next landmark condominium
or purpose built rental projects. Serviced by both the existing line 1
TTC subway and the near-completed Eglinton Crosstown, the Midtown 7
neighbourhood is undoubtedly one of Toronto’s most sought after
locations for new home purchases or rental options. The economies
achieved in these projects support feasibility for both condominium and
purpose built rental, making this an attractive option for a wide range of
developers and operators.
Condominium Market
Source: untitledtorontocondo.ca
DAVISVILLE
Altus RealNet reports there are currently 10 active condominium
development projects selling units, comprising many of Toronto’s most
prominent developers such as Metropia, Tribute and Plazacorp. These Uovo Boutique Residences at Yonge & Davisville
developments are cumulatively introducing 3,300 new condominium Source: timesgroupcorp.com
units, with only 409 of these units remaining in inventory today.
ACTIVE DEVELOPMENTS WITHIN A 5 KM RADIUS
Additionally, these projects are selling for competitive prices of
approximately $1,300 per sq. ft. on a weighted average basis. Most Construction # of Size Range Available
Development Builder Opening Occupancy Unit Price Range Units Sold (%)
Status Storeys (sq. ft.) ($/sq. ft.)
recently, Reserve Properties and Westdale Properties launched their
Untitled Toronto - North Reserve Properties and
Untitled Toronto Project – a 2 tower development (21 and 33 storeys) 1 Tower
Pre-Construction 21 2/22/2020 12/1/2023 $424,900 to $1,221,900 307 to 1,094 $1,199 295 220 (75%)
Westdale Properties
located at 110 Broadway Avenue. This project launched in February of
Untitled Toronto - South Reserve Properties and
2020, and in the first month of sales sold 545 of the 723 units (75%) 2 neither guarantees, warrants nor assumes any responsibility Pre-Construction 33 completeness, or suitability
2/1/2020 of, or decisions based upon or 4/1/2024 $399,900
The recipient of the to $1,066,900 302may todeem
903appropriate with respect$1,284 428may change and any
401 (94%)
© 2021 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limi
Tower Westdale Properties
Information is
or liability of any kind with respect to the accuracy, correctness,
protected by copyright and shall be fully enforced.
in connection with, the Information. Information should take such steps as the recipient to using the Information. The Information property described herein
achieving average pricing over $1,200 per sq. ft. This figure is not only Layout ID:L03 MapId:8028080
3 Sixty Five Broadway Times Group Corporation Pre-Construction 39 7/29/2019 4/1/2024 $579,900 to $1,272,900 435 to 1,111 $1,194 373 222 (60%)
a testament to end user demand, but also a strong indicator for investor
confidence. Tribute Communities and
4 Y&S - Yonge & Soudan Pre-Construction 36 2/20/2019 1/1/2024 $459,990 to $1,639,990 412 to 1,226 $1,345 298 257 (86%)
TENBlock Developments
Line 5 Condos - Reserve Properties and
5 Pre-Construction 33 1/17/2019 1/1/2024 $474,900 to $1,264,900 399 to 991 $1,367 390 381 (98%)
South Tower Westdale Properties
Purpose Built Rental Market Line 5 Condos - Reserve Properties and
6 North Tower
Pre-Construction 36 10/16/2018 1/1/2024 $474,900 to $1,078,900 347 to 909 $1,401 472 464 (98%)
Westdale Properties
Urbanation’s Q4 2020 Market Rental Report identifies 16 purpose Uovo Boutique
built rental buildings in Toronto’s Midtown neighbourhood, owned and 7 Residences at 2114 Yonge Inc. Under Construction 10 4/16/2018 8/1/2022 $754,900 to $3,278,900 735 to 2,009 $1,314 58 44 (76%)
Yonge and Davisville
operated by many of the City’s most prominent groups such as Minto,
Metropia and Capital
Shiplake and Greenwin. The buildings represent a total rental stock of 8 E2 Condos
Developments
Under Construction 46 10/12/2017 4/1/2022 $571,990 to $2,699,990 633 to 2,022 $1,385 440 433 (98%)
over 3,500 units, with 7 of these buildings currently operating at a less
Plaza Midtown -
than 1.5% vacancy rate and the majority of these buildings achieving an 9 25 Holly Street
Plaza Under Construction 32 2/9/2017 9/1/2022 $613,000 to $1,582,000 582 to 1,700 $1,127 236 202 (86%)
average lease rate in excess of $4.00 per sq. ft. Plaza Midtown -
10 Plaza Under Construction 35 2/9/2017 9/1/2022 $352,000 to $1,807,000 480 to 1,355 $1,215 307 264 (86%)
50 Dunfield Avenue
Neighbourhood
Overview
The Site is ideally situated within Midtown Toronto, being
in close proximity to both St. Clair and Yonge-Eglinton. The
Property is also less than a 5-minute walk from Davisville
Subway Station providing for direct transit connections across
the City. The area is also rich in amenities and services,
including an array of local retailers, restaurants, bars, cafes
and grocery stores, providing convenience for residents
and workers of the neighbourhood. Notable retailers and
restaurants in the area include Indigo, Loblaws, Sephora,
Cibo, West Elm, Shoppers and Farm Boy. There are also a
number of parks and recreational facilities, including Mount
MaryBe Kitchen Source: yelp.ca
Pleasant Cemetery, Kay Gardner Beltline Park and Sherwood
Park.
The Yonge-Eglinton node has witnessed unprecedented
growth and development over the past decade, benefiting
from the significant investment in infrastructure along the
Eglinton corridor. Through the development of the Crosstown
LRT, the Yonge-Eglinton node is positioned to be the next
major transit hub in the City making the offering an exceptional
opportunity to capitalize on the demand and momentum of
the area. David A. Balfour Park Source: unsplash.com Boxcar Social Source: boxcarsocial.ca
87 walk score
82 transit score
David A. Balfour Park
68 bike score
Davisville Tennis Club Mount Pleasant Cemetery Source: flickr.com
Nearby
Amenities
6
RETAIL 6
5 8
1. Farm Boy 7 9
2. Sobeys
EGLINTON STATION
3. Loblaws 1 Oriole Park Source: unsplash.com
4. LCBO
5
5. West Elm
6. Structube
7. Davisville Farm Market
8. Shoppers Drug Mart 2 6 4 1 3
9. Indigo
2 4
PARKS & RECREATIONAL 8 DAVISVILLE STATION
1. Davisville Tennis Club
2. Kay Gardner Beltline Trail 5
3. Mount Pleasant Cemetery
1 3
4. David A. Balfour Park
5. Moore Park Ravine The York School Source: montgomerysisam.com
6. Leaside Baseball Camp
7. Eglinton Park 2
8. Oriole Park ST. CLAIR STATION 3
INSTITUTIONAL 4
1. Upper Canada College
2. Deer Park Junior and Senior School
3. Greenwood College School
4. Sunnybrook School
5. Urban International School
6. Toronto Public Library Yonge & Eglinton Shopping Mall Source: unsplash.com
Offering
Process
MEMORANDUM This Confidential Information Memorandum (“CIM”) has been prepared by the Advisor and is being delivered to INDEMNIFICATION Recipients of this CIM acknowledge that they are principals or investment advisors in connection with the possible
CONTENTS prospective purchasers to assist them in deciding whether they wish to acquire the Property. This CIM does not purport acquisition of the Property. Where a recipient of this CIM is working with another broker, that broker must register
to be all-inclusive or to contain all the information that a prospective purchaser may require in deciding whether or not its client with CBRE at the outset. The broker must notify the listing agents at CBRE in writing, at the time the CIM is
to purchase the Property. provided, that it is representing that Purchaser and must provide a written acknowledgment of representation from
the Purchaser stipulating that the Purchaser will be responsible for their broker’s fees. Failing receipt of such notice
This CIM is for information and discussion purposes only and does not constitute an offer to sell or the solicitation and acknowledgment, it shall be deemed that the recipient has not dealt with any broker, other than CBRE, regarding
of any offer to buy the Property. The CIM provides information relating to certain physical, locational and financial the acquisition of the Property, and the recipient agrees that they will not look to the Vendor or CBRE, or any of their
characteristics of the Property. affiliates for any fees or commissions in connection with the sale of the Property. It is understood and agreed that the
Purchaser shall be responsible for any and all fees payable to their broker should the Purchaser choose to engage a
The information in this CIM has been obtained from various sources considered reliable. Neither the Vendor nor the broker other than the CBRE Listing Team.
Advisor make any representations, declarations or warranties, express or implied, as to the accuracy or completeness
of the information or statements contained herein or otherwise and such information or statements should not be relied In exchange for specific good and valuable consideration provided by the Vendor and CBRE, including without
upon by prospective purchasers without independent investigation and verification. The Vendor and Advisor expressly limitation, the delivery of this CIM, the receipt and sufficiency of which are hereby acknowledged by the prospective
disclaim any and all liability for any errors or omissions in the CIM or any other written or oral communication transmitted Purchasers, prospective Purchasers hereby agree to indemnify the Vendor and CBRE, and their affiliates against any
or made available to prospective purchasers. If any information relating to the Property, in addition to the information compensation, liability or expense (including legal fees), arising from claims by any other broker or other party the
provided in this CIM, is provided at any time, orally or otherwise, by the Vendor or the Advisor, such information is Purchaser had dealings with (excluding CBRE) in connection with the sale of the Property, or in connection with a
provided as a convenience only without representation or warranty as to its accuracy or completeness and such breach by the prospective Purchaser of its obligations as described herein. In no event shall prospective Purchasers
information should not be relied upon by prospective purchasers without independent investigation and verification. or any of their agents or contractors contact any governmental authorities concerning the Properties, or make any
physical inspection or testing of the Properties, without the prior written consent of the Vendor or CBRE.
CONFIDENTIALITY By accepting this CIM, prospective Purchasers agree to hold and treat this CIM and its contents in the strictest confidence.
Prospective Purchasers will not, directly or indirectly, disclose or communicate or permit anyone else to disclose or TRANSACTION Interested parties are invited to submit a proposal on the Vendor’s Agreement of Purchase and Sale. From the
communicate this CIM or any of its contents or any part thereof to any person, firm or entity without the prior written REQUIREMENTS submissions, one or more of the proposals may be short listed to proceed to the next stage of the process where it
consent of the Vendor and CBRE. Prospective Purchasers will not use or permit this CIM to be used in any manner is the intent of the Vendor to enter into a binding Agreement of Purchase and Sale for the Property. All participants
detrimental to the interests of the Vendor, or CBRE or their affiliates or for any other purpose than a proposed purchase in the process do so of their own accord. Neither the Vendor nor CBRE make any representation or warranty, or any
of the Property. The recipient of this CIM agrees to provide CBRE with a list of those persons to whom this CIM or any agreement whatsoever, that the Vendor will accept any Agreement of Purchase and Sale, before or after negotiations,
information contained herein is provided. The terms and conditions in this Section with respect to confidentiality and which may be extensive, that the Vendor will accept the highest or any price offered or, that the Vendor or CBRE, shall
the disclaimer contained under the heading “Memorandum Contents” will relate to all Sections of the CIM as if stated compensate any participant for any costs incurred in its participation in the process.
independently therein.
Offers will be evaluated on, among other criteria, the consideration offered for the Property, the prospective Purchaser’s
The CIM shall not be copied, reproduced or distributed, in whole or in part, to other parties at any time without the prior ability to complete the transaction, and the proposed conditions of closing.
written consent of the Vendor and CBRE. It is made available to prospective Purchasers for information purposes only
and upon the expressed understanding that such prospective Purchasers will use it only for the purposes set forth
Properties will be sold together not separately.
herein.
Offer submission date to be announced by Advisors.
Upon request, the recipient will promptly return all material received from the Vendor and CBRE (including the CIM)
without retaining any copies thereof. In furnishing the CIM, the Vendor and CBRE undertake no obligations to provide the OFFER All offers to be submitted to:
recipient with access to additional information. The division of the CIM into sections, paragraphs, sub paragraphs and SUBMISSIONS
the insertion or use of titles and headings are for convenience of reference only and shall not affect the construction or Mike Czestochowski | mike.czestochowski@cbre.com Lauren White | lauren.white@cbre.com
interpretation of this CIM. +1 416 494 0600 +1 416 495 6223Advisory
Team
Lauren White*
Senior Vice President
T +1 416 495 6223
lauren.white@cbre.com
Mike Czestochowski**
Executive Vice President
T +1 416 495 6257
mike.czestochowski@cbre.com
Emelie Rowe*
Planner
T +1 416 495 6306
emelie.rowe@cbre.com
Evan Stewart
Sales Representative
T +1 416 495 6205
evan.stewart@cbre.com
www.cbre.ca/mclsg
*Sales Representative **Broker | All outlines are approximate
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other
divisions of the Corporation; to include all employees and independent contractors
(“CBRE”). The information set out herein, including, without limitation, any projections,
images, opinions, assumptions and estimates obtained from third parties (the “Information”)
has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the
accuracy, correctness and completeness of the Information. CBRE does not accept or
assume any responsibility or liability, direct or consequential, for the Information or the
recipient’s reliance upon the Information. The recipient of the Information should take such
steps as the recipient may deem necessary to verify the Information prior to placing any
reliance upon the Information. The Information may change and any property described
in the Information may be withdrawn from the market at any time without notice or
obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks
of CBRE Limited and/or its affiliated or related companies in other countries. All other
marks displayed on this document are the property of their respective owners. All Rights
Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre.com;
MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 04/2021.Mike Czestochowski** Lauren White*
Executive Vice President Senior Vice President
416 495 6257 416 495 6223
mike.czestochowski@cbre.com lauren.white@cbre.com
CONFIDENTIALITY AGREEMENT
50 & 64 MERTON STREET · TORONTO, ON
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor on an exclusive basis
to arrange the sale of 50 & 64 Merton Street in Toronto, ON (the “Property”). All inquiries and communications with respect to the Property shall be directed to
any of the listing agents of CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information, which has
not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.
In exchange for good and valuable consideration provided by the vendor and CBRE, including, without limitation, the delivery of a Confidential Information
Memorandum (the “CIM”), the receipt and sufficiency of which is hereby acknowledged, we agree to keep confidential any and all information supplied to us
concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other
than for the evaluation of the Property with respect to a potential purchase.
We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors (collectively, “representatives”)
but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential
nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our
representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us.
We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned property to the
Vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this transaction.
We agree to read and examine all material provided by the vendor on the above-mentioned property and will do so prior to submitting an Agreement of
Purchase and Sale or Letter of Intent.
We agree to return all documentation provided herewith, including the CIM, and any notes or copies made thereof if we decide not to pursue or complete this
opportunity. We also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either before or after
cessation of our pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.
We acknowledge that the CIM and the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers
for the protection of the vendor and CBRE contained in the CIM.
We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a
substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this
Agreement. CBRE and the Vendor also reserve the right not to release information.
We agree to continue to work through the Land Services Group at CBRE Limited for the above-mentioned property including offers within 12 months after the
expiration of the Listing Period, so long as we wish to make any offer within said time-frame and that we were introduced to the Property during the Listing
Period or shown the Property during the Listing Period, which we have acknowledged by signing below.
We agree that any and all communication with regards to this Property shall be done so through CBRE. We and/or our representative will not at any time
contact the vendor directly.
In the event we are the purchasers of this property, we agree to allow CBRE the right to market the purchase price after closing.
CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the
undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any
amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or CBRE. A digitally submitted or a
scan of a signed copy of this Agreement shall be deemed to be an original signed copy.
THE SECTION BELOW MUST BE COMPLETED AND SUBMITTED TO LSGGTA@CBRE.COM IN ORDER TO RECEIVE THE DUE DILIGENCE PACKAGE
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REQUIRED FIELDS. **Broker, *Sales Representative
This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the
accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information
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at any time without notice or obligation to the recipient from CBRE.You can also read
