Bidders Jump at the Chance to Acquire a Slice of Canadian Wilderness



    NEWPORT BEACH, CALIF., October 4 /CNW/ - TimberWest Forest Corporation
has selected Internet real estate auction specialists, LFC Online, in
conjunction with Avison Young Commercial Real Estate Inc., the premier
Canadian commercial real estate company, to sell over 14,000 acres of unique
forest land on Vancouver Island, British Columbia, Canada. In this accelerated
online auction marketing campaign, bidders will have the opportunity to
acquire six separate land parcels of Canadian wilderness with merchantable
timber value in three beautiful locations: Capes Lake, Port Renfrew and
Campbell River.

    Capes Lake is a one-of-a-kind mountaintop parcel offering over 12,000
acres of pristine forest, cascading waterfalls, serene private lakes,
merchantable timber and unsurpassed views of picturesque Georgia Strait.
Located just 350 km (217 miles) from the City of Victoria and adjacent to
Strathcona Provincial Park, the Capes Lake parcel would be the perfect
addition to any exclusive real estate portfolio. As the gateway to some of the
most breathtaking coastlines in the world, Port Renfrew, "The Undiscovered
Jewel of the West Coast," offers over 1,400 total acres of secluded forest
land divided into four distinct parcels, ranging from 165 to 800 acres. With
its tranquil landscape that has made the west coast of Vancouver Island
famous, the properties provide pieces of untouched wilderness for the most
discriminating buyer. Finally, perfectly situated on a highly-accessible,
waterfront lot, the Campbell River parcel is located in a growing industrial
area, neighboring a barge loading dock, an industrial park and a Catalyst Pulp
Mill. Complete with a functional office building, an 11,000 sq. ft. workshop
with adjoining oceanfront office premises, a concrete boat launch and a wharf
with adjoining dock, this 33-acre, waterfront industrial development site is
ready for use.

    "Our innovative online auction program breaks down traditional barriers
for real estate buyers. Unlike conventional, live 'outcry' auction events, our
buyers don't need to be in a specific location at a certain time. They can
conduct the bulk of their property research online, visit the properties at
their own convenience and then place their bids from literally anywhere in the
world. In today's Internet-based world, the conventional sales process just
isn't the most efficient vehicle for either buyers or sellers of real estate,"
remarks Bill Lange, President of the LFC Group of Companies. "Vancouver
Island's prime Pacific Rim location makes it extremely attractive to American,
Canadian and Asian buyers. Our online program literally allows anyone in the
world who may be interested in purchasing these quality properties, the
opportunity to do so at prices of their choice."

    The bid deadline is November 8, 2007, and prospective buyers are
encouraged to visit www.LFC.com/686R1 to review more information about the
available properties and register to bid in this rare online auction.

    LFC Group of Companies

    For over 30 years, the LFC Group of Companies have served numerous
Fortune 500 companies, real estate developers, investors, financial
institutions and government agencies by auction marketing thousands of
commercial, industrial, land and residential properties with an aggregate
value well in excess of $5 billion. www.LFC.com

    Avison Young Commercial Real Estate Inc.

    Avison Young is a real estate brokerage and consultancy firm specializing
in corporate tenant representation for office, industrial and retail companies
as well as in investment property acquisitions and dispositions and in
landlord representation. The company has ten offices across Canada and is part
of the Grubb & Ellis Global Alliance of commercial real estate professionals.
Avison Young is a partner-owned Canadian commercial real estate company
comprised of over 300 real estate professionals including licensed brokers,
financial analysts, research professionals and marketing specialists across
Canada. www.avisonyoung.com

    TimberWest Forest Corporation (TSX: TWF.UN)

    TimberWest Forest Corporation is uniquely positioned as the largest owner
of private forest lands in western Canada. The Company owns approximately
334,000 hectares or 825,000 acres of private timberland. These timberlands are
located on Vancouver Island and the majority of the land base supports the
growth of Douglas fir, a premium tree species sought after for structural
purposes. TimberWest runs fully-contracted harvesting operations. With almost
80% of the Company's annual private land logging now being done in
second-growth stands, TimberWest leads the Coastal industry in the growing and
harvesting of second-growth timber. The Company's independent auditor, KPMG
Performance Registrar Inc., periodically certifies that the forest management
practices on the Company's private timberland continue to meet all Sustainable
Forestry Initiative (SFI(R)) requirements. SFI requirements specify that
forest harvesting is integrated with environmental and conservation goals for
soil, wildlife, water quality protection, conservation of biodiversity,
protection of special sites and aesthetics in a manner that ensures a
sustainable harvest over the long-term. TimberWest also owns renewable Crown
harvest rights to 0.7 million m3 of logs per year and operates a sawmill
located near Campbell River, BC. In addition, approximately 38,000 hectares or
94,000 acres of the Company's private forest lands have been identified as
having greater value as real estate properties and will progressively be made
available for higher uses over the next ten to fifteen years. The Company
reviews its land base on a periodic basis to update the size of its portfolio
of higher use properties. www.timberwest.com

    MULTIMEDIA AVAILABLE:
http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5509463




For further information:

For further information: LFC Online Kelly Lovegrove, 949-706-6113
klovegrove@lfc.com or Ashley Carvalho, 949-706-6135 acarvalho@lfc.com

Organization Profile

LFC ONLINE

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890