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The high-profile White Spot site on West Georgia has been sold for a reported $245 million, which is among the highest prices paid for residential real estate in Vancouver, according to real estate officials involved in the sale.

The restaurant site and adjacent parking lots are zoned for at just under 398,000 square feet of residential space. At a sale price of $245 million, that works out to more than $615 per buildable square foot, according to Perry Allen, a real estate consultant involved in the deal.

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“It’s almost an acre in downtown Vancouver,” Allen said Thursday. “It’s probably the best site in all of Canada — maybe North America.”

The two sites were purchased by Carnival International Holdings Ltd which trades on the Stock Exchange of Hong Kong. The company listed on the land title as the new owner is Champion Rainbow Holdings Ltd. One of its directors is listed as Chunning Wang at 18/F Everbright Centre in Hong Kong, the head office of Carnival.