Posted Jan 8, 2025, 4:45 AM
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Registered User
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Join Date: Dec 2015
Posts: 15,605
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For everyone who thinks GEC is DOA.
Quote:
Pomerleau partners with GEC on $135M Vancouver tower project
Global Education City (GEC), a provider of student housing in B.C.'s Lower Mainland, has an investment from Pomerleau Capital for a $135-million plan to develop new rental homes aimed at international and domestic students.
Financial details of Pomerleau's stake in the project were not released, but it's part of a broader collaboration between the two firms to develop student housing properties across Metro Vancouver. The deal was announced by Avison Young.
This aspect of the partnership involves an investment in the $135-million project in Vancouver's Oakridge area. The development represents a significant part of GEC’s ambitious $800-million development portfolio in the region.
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https://renx.ca/vancouver-student-housing-provider-135m-pomerleau-development-new-projects
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