on Global Education Communities Corp (isin : CA37961F1053)
GECC Collaborates with Pomerleau Capital for Student Housing Project
Global Education Communities Corp. (GECC) has announced a significant collaboration with Pomerleau Capital Inc. (PCAP), marking a substantial investment in one of GECC's limited partnerships. Officially completed on November 20, 2024, this partnership aims to co-develop GECC projects, initially focusing on student housing in Metro Vancouver, with plans for further expansion.
Toby Chu, GECC's Chairman and CEO, emphasized the strategic value of the partnership, supported by Pomerleau's construction expertise through its subsidiary, ITC Construction Group. The collaboration is essential given the $800 million construction budget for current GEC® projects.
Frederic Bettez, PCAP's Vice President, conveyed pride in the partnership, which targets the rising demand for student residences and promotes sustainable building practices. This is expected to significantly contribute to the Vancouver community, aligning with GECC and PCAP's shared vision for impactful development.
R. E.
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