Just as all three towers of the Sen̓áḵw project’s first phase reached their full heights this week, Vancouver-based developer Westbank Corp. has sold its entire stake in the massive Squamish Nation housing development.

The Nation announced Thursday that OPTrust, one of Canada’s largest pension funds with net assets of over $26 billion, has acquired Westbank’s share in the first two phases as part of a restructured partnership.

Under the new arrangement, OPTrust (the Ontario Public Service Employees Union and Government of Ontario pension fund) and the Squamish now share equal ownership of the first two towers, while the Nation has full ownership of Phases 3 and 4. It is calling the move “an unprecedented step toward self-sufficiency.”

“It means the Squamish Nation will fully own those p

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