Quote:
Originally Posted by wags_in_the_peg
but why would they pay "near" asking price, what has the MLL done to the building to increase it's value ....NOTHING! Timbercreek needs better negotiators. Or did MLL get such a wicked deal on the building?
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Good question, MLL paid a strangely low price for the building... $7.9 million. Sure, it's a fixer-upper, but still. Hard to imagine that turning it into a HQ wouldn't have been a financially prudent decision for MLL, and not exactly unusual given that government already owns many of the buildings it uses. But I guess it had the taint of the old government, so the decision has been made.
I find the remarks in the article interesting, though... is it really that unsuited to being renovated for general office use? There is mention of the small floorplates, but is it really much different than Newport Centre which is similar and as far as I can tell, mostly full? Class B buildings are full of smaller, low profile 3 to 20 person businesses that need less than a floor's worth of space. MAB seems like a good place for them.
Also, have they totally given up on keeping it as a medical clinic? I'd prefer the convenience of MAB over the f-cluster that is Manitoba Clinic by HSC any day.