Allied Acquires Full Stake in M4 Vancouver Creative Campus Project
- ClearView Insider
- Aug 22, 2025
- 1 min read
Toronto-based Allied Properties REIT is acquiring full ownership of the M4 office building in Vancouver’s Mount Pleasant, buying out long-time partner Westbank for $89.7 million. The deal, announced July 29, gives Allied 100% control of the newly completed nine-storey creative office hub, part of the broader Main Alley campus.
Located at 108 East 5th Avenue, M4 features 166,800 sq. ft of office space and 38,000 sq. ft of industrial and retail, with Netflix-owned Animal Logic among its tenants. The broader Main Alley district includes WeWork, HootSuite, and a planned 25-storey mass timber tower.
The transaction is the latest in a $756M string of joint asset transfers between the two firms since 2024, including Deloitte Summit and Toronto House. M4’s acquisition involves no cash transfer, instead settled through receivable repayment and assumption of a syndicated Canadian bank loan.
Allied continues its shift toward core knowledge-based assets while offloading non-core properties—targeting $300M in additional sales by year-end.
Source: Storeys, “Allied Buying Out Westbank From M4 Office Project For $89.7M,” July 30, 2025. https://storeys.com/allied-properties-reit-westbank-m4-vancouver
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