Who Buys a Mountain?



    NEWPORT BEACH, CALIF., October 25 /CNW/ - With nearly two weeks until the
bid deadline, prospective buyers are gearing up to bid on a portion of the
14,000 acres of land that TimberWest Forest Corporation is selling on
Vancouver Island in British Columbia. In conjunction with Canada-based
commercial real estate brokers Avison Young and Colliers International, LFC
Online is offering six separate parcels of forest land, most with merchantable
timber value, in an accelerated online auction marketing campaign.

    "What's so great about our online platform is that potential buyers can
bid from all over the world," comments Bill Lange, President of the LFC Group
of Companies. "It isn't too late for interested buyers to participate in this
auction, even if they cannot physically visit the property, they can perform
their due diligence through our website which features thorough and extensive
information on the properties, including images, maps, and other detailed
documents."

    Particularly of interest to many high-profile buyers is the Capes Lake
property, a one-of-a-kind 12,000 acre mountaintop parcel offering pristine
forest, cascading waterfalls, serene private lakes and unsurpassed views of
picturesque Georgia Strait.

    Given the Internet's worldwide exposure of the property, combined with
the property's intriguing qualities, the question still remains: 'Who buys a
mountain?'

    There has been a lot of speculation as to what kind of buyer will
purchase the Capes Lake parcel and what he or she will do with it. From
celebrities seeking a private getaway to real estate moguls looking for a
legacy property to add to their real estate portfolio, anyone's guess is
possible this early in the "auction game." Others imagine an entrepreneur
could buy the land for development purposes while, on the flip side, a
philanthropist might buy the land, which borders Strathcona Provincial Park,
for conservation purposes.

    Also offered in this online auction are four distinct parcels, totaling
1,400 acres, of secluded forest land with potential development opportunities
in Port Renfrew. In addition, just northwest of Vancouver, there is a
functional industrial waterfront lot in Campbell River, perfect for a company
looking to relocate or expand and complete with an office building, an 11,000
sq. ft. workshop, a concrete boat launch and a wharf with adjoining dock.

    Unfortunately, British Columbia residents may have to wait until the bid
deadline of Thursday, November 8 to find out who the winning bidder is and at
what price. Interested parties and potential bidders are urged to visit
www.LFC.com/686R2 to review more information about the available properties
and register to bid in this once-in-a-lifetime online auction event. Until
then, as the bid deadline approaches, Vancouver Island citizens will have to
continue to wonder, as only time will tell who will own this mountain.

    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

    Colliers International

    Colliers International is the largest commercial real estate firm in
Canada and one of the largest in the world. Colliers offers a wide range of
specialized capabilities including commercial brokerage services, asset
services, corporate and financial services as well as market research and
information services. Colliers employs over 10,000 professionals occupying 334
offices in 57 countries. Colliers has been built on the strengths and depth of
our local market knowledge offered to our clients through a global platform.
In Vancouver, Colliers has a full service office consisting of 212 employees
and is recognized as the top performing Canadian Colliers office for the last
four consecutive years. With our 100 plus years of history in Vancouver,
Colliers has a distinct competitive advantage.

    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=5527710




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

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LFC ONLINE

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