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Global Education Communities Corp T.GEC

Alternate Symbol(s):  GECSF

Global Education Communities Corp. is a Canada-based education and student housing investment company. The Company is focused on the domestic and global education market. The Company operates business and language colleges, student-centric rental apartments, recruitment centers and corporate offices at 41 locations in Canada and abroad. Its education subsidiaries include Sprott Shaw College Corp., Sprott Shaw Language College, Vancouver International College Career Campus, and CIBT School of Business & Technology Corp. It offers over 150 educational programs in healthcare, business management, e-commerce, cyber-security, hotel management, emergency paramedic, and language training through these schools. It owns Global Education City Holdings Inc., an investment holding, and development company focused on education-related real estate. It also owns Global Education Alliance Inc. and Irix Design Group Inc. It serviced over 14,277 domestic and international students.


TSX:GEC - Post by User

Post by STOCKMAN70on Aug 08, 2016 10:17pm
72 Views
Post# 25121406

Ownership % of GEC projects

Ownership % of GEC projectsAnyone know the ownership % for CIBT and its 100% owned subsidiaries for the various GEC projects?  Looks like they will be owning 20-??% of the different projects and getting 100% of the propoerty management revenues.    I emailed the company but no response. 

Sprott is is not that exciting but the student rentals should have excellent growth.  Hoping that the 15% foreign property transfer tax won't negatively affect the value of the properties (even though they are commercial and the tax only affects residential I would suspect there will be some spillover). 

Glta
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