CIBT – Vancouver Education Super Center – British Columbia - Project Profile
"CIBT – Vancouver Education Super Center – British Columbia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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CIBT Education Group Inc. (CIBT) is planning to undertake the construction of an education super center in British Columbia, Canada.
The project involves the construction of 20 educational institutions and housings that can accommodate 800 beds. It includes the construction of an office tower, two hotels, auditoriums, library, meeting rooms, and parking and related facilities, and the installation of safety systems and elevators.
CIBT and the private developer will raise US$48 million through equity and the remaining US$114 million will be financed through commercial lenders.
On June 19, 2015, CIBT signed a non-binding memorandum of understanding (MoU) with a private developer, whose name has been with held.
In August 2015, CIBT has acquired two additional properties at the project site.
In June 2016, CIBT has signed a financial advisory agreement with TriView Capital Ltd. to raise an aggregate of US$110 million equity.
CIBT Education Group is waiting for rezoning approvals.
The project involves the construction of 20 educational institutions and housings that can accommodate 800 beds near near the Skytrain and subway station in Vancouver, British Columbia, Canada.
The US$760 million project includes the following:
1. Construction of an office tower
2. Construction of two hotels
3. Construction of auditoriums
4. Construction of a library
5. Construction of meeting rooms
6. Construction of parking facilities
7. Installation of safety systems and elevators
8. Construction of related facilitiesReasons To Buy