CBRE Limited, on behalf of the Vendor, as set forth in the Order for Conduct of Sale, is pleased to present the unique opportunity to acquire 10227 King George Boulevard (the “Site”) — a significant redevelopment opportunity with holding income, only steps away from Surrey Central SkyTrain Station, in the heart of Surrey. With approximately 310 feet of frontage on King George Boulevard, this high-exposure redevelopment site benefits from its immediate proximity to the Surrey Central SkyTrain Station on the Expo Line, and an abundance of commercial amenities and employment opportunities in a rapidly growing metropolitan hub. Permitted density on the Site under the current zoning designation (C-8) is 7.5x FSR, however there are plans under rezoning with the City to develop a 10.9x FSR mixed-use project. This presents investors with the opportunity to achieve additional density in a highly desirable location adjacent to SkyTrain, Central City Mall, and the SFU Campus in Surrey, while also benefiting from having existing holding income in the meantime. Adding approximately 800 residents per month, Surrey is on track to become British Columbia’s largest city by 2041, with the Site presenting a unique opportunity to capitalize on a high-growth and high in-demand market. The previous owners have submitted an application to rezone the Site from C-8 (Community Commercial) to CD (Comprehensive Development) zoning, with proposed plans to develop a 679-ft., 746-unit residential tower