Fengate achieves financial close on Emily Carr Campus Redevelopment Project
Fengate reached financial close earlier this month on the Emily Carr University of Art + Design Redevelopment Project. This design-build- finance-maintain (DBFM) project was taken on in partnership with Brookfield Financial and EllisDon Capital Inc. With a projected two-year construction period, operations are expected to be complete by March, 2017.
The Emily Carr University of Art + Design strives to be a worldwide centre of excellence in art, design and media education and research. Within their highly specialized field of study, the university offers undergraduate, graduate degrees and applied research in art, design and media, along with professional certificates and continuing studies in these areas. The new state-of-the-art campus will allow the university to be at the centre of a new social, cultural, educational and economic hub in Vancouver, British Columbia. At approximately 26,000 square meters, the school will hold over 2,000 full-time students and nearly 4,000 continuing studies students.
This is the sixth project in Fengate’s portfolio of infrastructure projects in western Canada. The Emily Carr University of Art + Design will be designed and built to meet the Canada Green Building Council’s Leadership in Energy and Environmental Design (LEED) rating system and will aim to achieve Gold certification with its environmentally-friendly procedures and practices. This will be the second LEED-certified project in British Columbia for Fengate.
“We found in the Emily Carr University another opportunity to stand behind a LEED-certified project with a purpose that we support in academics and the arts. At the same time, it allows us to build our portfolio in western Canada and diversify our experience. We were happy to be a part of this important project for the province,” said George Theodoropoulos, Managing Director, Infrastructure.