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AFN Enterprises Limited Partnership (AFN Enterprises), the business arm of the ?Akisq’nuk First Nation (?AFN), is pleased to announce its acquisition of 4.3 acres of land and buildings from Gurmeet Brar of C.B. Lanac Holdings Ltd.
Strategically situated along 4th Street and 7th Avenue in downtown Invermere (adjacent to the Columbia Valley Centre), the property establishes AFN Enterprises in the commercial property space and provides the Ktunaxa Nation increased visibility and an opportunity to participate in the continued economic growth of the region as engaged partners.
AFN Enterprises intends to continue leasing the property to existing tenants, which includes the Province of British Columbia, and use a vacant office building to house ?AFN employees while ?AFN undergoes its recently announced renovation and expansion of its administration building.
In the medium to long term, AFN Enterprises will work with existing tenants to consider opportunities to unlock additional value for the entire community by redeveloping portions of the property, in alignment with its highest and best use.
“As important as the acquisition is for AFN Enterprises is the meaning this transaction has for ?AFN and the Ktunaxa Nation – we are re-establishing Ktunaxanintik stewardship over a portion of ?amak?is Ktunaxa and creating a very real and symbolic ?Akisq’nuknik presence in Kyaknuq’ti?it (Invermere). I’d like to thank Gurmeet for being our partner in making this possible,” said David Bach, AFN Enterprises board chair and ?Akisq’nuk First Nation senior administrative officer.
In the coming weeks ?AFN will host a public ceremony and flag raising at the property to commemorate the acquisition (details will follow).
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