Prospective Purchasers are invited to submit offers on the entire site Lot B (the subject property) directly to the Designated Agent . All offers linked to the subject property’s re-development will be considered.
The subject site will be sold on an “As-Is” basis. A draft offer form is enclosed and can be provided in electronic form upon request. It is preferred that this form be used for all offers submitted. Please contact the Agent directly with any questions or requirements.
In the event there is an interest for a subdivided parcel, for example proposed Blocks 1 & 2 or Blocks 2 & 4, then letters of interest may be submitted by perspective Purchasers directly to the Designated Agent in a form of a Letter of Intent (LOI).
REVIEW OF OFFERS
All Offers to purchase the Property will be evaluated based upon, but not limited to, the structure proposed by the prospective Purchaser, the net proceeds to the Vendors, the prospective Purchaser’s ability to complete the transaction, and the timeliness and proposed conditions of closing.
The Vendors will negotiate with the prospective Purchaser(s) whose purchase proposal is judged to be most attractive to the Vendors, in its sole and absolute discretion. The Vendors are not obliged to accept any Offer and reserves the right to reject any or all Offers received. At any time prior to entering into an Offer, the Vendor may request additional information from prospective Purchasers. Failure to provide such information on a timely basis may result in the termination of discussions. The Vendors reserve the right to end the sale process in respect of the Property or to cease discussions with any and all prospective Purchasers at any time prior to accepting an Offer, without notice or liability.
Neither the Vendors nor HQ Real Estate Services, nor any of their respective affiliates, directors, officers, shareholders, employees, agents, solicitors, accountants, advisors or other representatives, makes any representations, declarations or warranties, express or implied, as to the accuracy or completeness of the information or statements contained in this Confidential Information Memorandum (CIM) or of any other information provided or statements made by HQ Real Estate Services, the Vendors or their agents, and such material, information, or statements should not be relied upon by prospective Purchasers without independent investigation and verification. This CIM does not purport to be all-inclusive or to contain all the information that a prospective Purchaser may require in analyzing the Property. The information on which this CIM is based has been obtained from various sources considered reliable. All materials, information or statements are provided as a convenience to prospective Purchasers only. The Vendors and HQ Real Estate Services and their respective affiliates, directors, officers, shareholders, employees, agents, solicitors, accountants, advisors and other representatives expressly disclaim any and all liability for any errors or omissions contained in this CIM or in any other oral or written communications given or made available to prospective Purchasers.
This CIM is not, and under no circumstances is it to be construed to be, an offering of securities, a prospectus, a public offering or an offering memorandum as defined under applicable securities legislation. No securities commission or regulatory authority in Canada, the United States of America or any other country has in any way passed judgment upon the merits of the opportunity to acquire the Property or the accuracy or adequacy of this CIM.
The Vendors and HQ Real Estate Services reserve the right to withdraw, amend or replace all or any part of this CIM at any time and undertake no obligation to provide prospective Purchasers with access to any additional information, other than as contemplated by the Vendors’ form of Offer. In all cases, prospective Purchasers should conduct their own investigation and analysis of the Property.
Any sale of the Property will be subject to the terms of an accepted Offer, which will supersede all prior communications, including this CIM.