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People walk at the top of Grouse Mountain in North Vancouver, B.C. China Minsheng Investment Group (CMIG) is expected to pay approximately $200-million for Grouse Mountain. (DARRYL DYCK/THE GLOBE AND MAIL)
People walk at the top of Grouse Mountain in North Vancouver, B.C. China Minsheng Investment Group (CMIG) is expected to pay approximately $200-million for Grouse Mountain. (DARRYL DYCK/THE GLOBE AND MAIL)

Vancouver’s Grouse Mountain Resorts expected to be sold to Chinese investor with state ties Add to ...

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Vancouver’s landmark Grouse Mountain Resorts is expected to be sold as early as next week to a Shanghai-based investor, the latest in a series of Canadian commercial property acquisitions by Chinese entities.

China Minsheng Investment Group (CMIG), the country’s largest privately owned investment manager, is expected to pay approximately $200-million for Grouse Mountain, which is owned by the McLaughlin family, according to sources familiar with the transaction.

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