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CIBT Announces Subsidiary s Plan to Monetize Six GEC Branded Buildings
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CIBT Announces Subsidiary s Plan to Monetize Six GEC Branded Buildings
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CIBT Announces Subsidiary s Plan to Monetize Six GEC Branded Buildings
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Artists rendering of the Education Mega Center. (Submitted)
A new skyscraper will be gracing the Surrey skyline in the coming years, and with it, an option for post-secondary students in search of housing.
The GEC Education Mega Center is being developed by CIBT Education Group and will be a mixed-use residential and commercial skyscraper. Following public hearings, the project received the green light from Surrey City Council on Feb. 22.
CIBT calls themselves “one of the largest education and student housing investment companies in Canada.”
Toby Chu, CIBT chairman and CEO, says they went ahead with the project due to Metro Vancouver’s incredibly low vacancy rate. “We got to a point where we have to build our own [housing] to supply our own students.”