CIBT – Vancouver Education Super Center – British Columbia - Project Profile

CIBT – Vancouver Education Super Center – British Columbia - Project Profile

  • March 2018 •
  • 7 pages •
  • Report ID: 4824544
Synopsis
"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.

The "CIBT – Vancouver Education Super Center – British Columbia - Project Profile" is part of Timetric’s database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary
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 acquired two additional properties at the project site.

In June 2016, CIBT signed a financial advisory agreement with TriView Capital Ltd. to raise an aggregate of US$110 million equity.

CIBT owns Alliance of Global Education Alliance(GEA) and Irix Design Group(Irix Design) for developing project.

Hilton hotels has been appointed as management contractor to operate hotel under its brand.

Planning activities are underway.

Scope
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 facilities

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=Canada Industry=EducationAndTraining ParentIndustry=Services Date=201803 Publisher=Timetric Price=1000