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Canadian Property Development Overview ( June 2005 )
Two major universities in British Columbia have embarked on large-scale development projects using the leasehold strata development concept as a means of unlocking tremendous value without disposing of their land bases. They have discovered that land developers are willing to pay prices, on a buildable-square-foot basis, for 99-year leasehold interests in land, which are similar to the prices paid by developers for freehold development land in similar locations.
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