TSX:MPCT.DB - Post by User
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InvestSmarteron Oct 02, 2024 4:37pm
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Post# 36250654
Oct 2nd News! ZIBI PBR new build & ZIBI Land use ideas
Oct 2nd News! ZIBI PBR new build & ZIBI Land use ideasOctober 2nd News Release with new information in the link below.
1) ZIBI will begin construction of new rental building next month (sooner than I expected). This will remove land loans from Zibi reducing land loan costs in Q4 onward.
"construction is expected to begin next month on another building with 244 units on the Ottawa side of the river, he added."
2) The land for sale is looking to be developed into a non-competing use, such as a convention center or seniors home, as examples. Personally I like the idea of a convention center + hotel.
"Robitaille suggested a number of potential uses for the land, including seniors’ housing as well as more commercial-oriented facilities. “We know there’s a need for convention centre space in the Gatineau region,” he said, adding a hotel could also “make a lot of sense” if there’s demand for it."
https://obj.ca/firms-behind-zibi-project-seek-partner-float-convention-centre-as-interesting-idea-for-gatineau-land/