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VANCOUVER, BC / ACCESSWIRE / June 4, 2024 / Global Education Communities Corp. ("GECC" or the "Company") (TSX:GEC)(OTCQX International:GECSF) is pleased to announce that the renovation of GEC® Viva is well underway. GEC® Viva is our first student residence in downtown Vancouver, which opened in 2015. GEC® Viva is a 17-storey hi-rise building with 220 beds and has hosted nearly 10,000 students from around the world since its opening. To further enhance the living experience for our students, a comprehensive renovation started early this year, which included retrofitting the 2nd to 17th floor with new furniture, fixtures, appliances, flooring, wall paint, kitchen counter replacement, and air-conditioning equipment.
The renovation was customized based on student feedback to ensure a comfortable living experience. The new furniture, designed by the GEC® team, is visually appealing and functional but also better meets the needs of students. As of May 31, 2024, the renovation of two floors was completed and fully occupied the following day. GEC® Viva will continue to roll out completed units over the summer. These units are fully booked and will be quickly filled as soon as their renovation is completed.
The full renovation will be completed by this summer, transforming this GEC® Generation 1 facility into Generation 5 operations. We are committed to providing students with a high-quality, comfortable, and convenient living environment. The total renovation budget exceeds $7 million. Pictures of the renovated units are available for viewing here: https://gecliving.com/residences/gec-viva/
About GEC® Viva:
GEC® Viva is located in the heart of downtown Vancouver, surrounded by various international cuisine, shopping and entertainment options. Students are within minutes of walking to Vancouver's famous English Bay and the many academic institutions located in downtown Vancouver, such as the downtown campuses of UBC, SFU, BCIT, Vancouver Film School, University Canada West and Sprott Shaw College. GEC® Viva is a 51,400-square-foot facility with 220 beds. It features amenities such as a fitness centre, student lounge, rooftop terrace, underground parking, barbershop and car rental services.
About GECC:
GECC is one of Canada's largest education and student housing investment companies focused on the domestic and global education market since 1994. GECC operates business and language colleges, student-centric rental apartments, recruitment centres and corporate offices at 40 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp. (established in 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business & Technology Corp. GECC offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. In fiscal 2023, GECC serviced over 14,277 domestic and international students through its educational, rental housing and recruitment subsidiaries.