The Canada China Business Council strives to promote international cooperation and investment. With many Chinese investors looking for ways to deploy their capital abroad, that now frequently means highlighting development projects in Canada.
In fact, some of the most impressive international success stories of recent years have seen Chinese capital funding major development in some of Canada’s fastest-growing cities. The noteworthy YUL development in downtown Montreal, for example, was made possible largely through the contributions of investors based in China.
That $215 million dollar condo project is now expected to repay its supporters handsomely. With Montreal’s Brivia Management carrying out the work on the ground, the project proceeded without any notable hitches or delays.
Many Observers See YUL as the First Step Into a New Era for Montreal
The Canada China Business Council found this particular story to be compelling enough that it honored Brivia Management’s Kheng Ly with its most prestigious award in 2016. The group’s Business Excellence Awards held at the end of that year provided many reasons to be impressed by what can be achieved through committed cooperation between Canada and China.
Brivia Management now has a well-established history of developing and transforming Montreal for the better. Relatively modest projects like its Innova and Nest condo developments have checked all the relevant boxes with an assuredness that has impressed many observers.
As one of the largest projects to ever hit Montreal, YUL naturally attracted a great deal of attention. Focused purely on luxurious living, the twin towers of the development were designed to add a prominent but respectful touch to Montreal’s steadily growing skyline.
Financing a project as large and ambitious as YUL is rarely easy in even the best of time. Under founder Kheng Ly’s leadership, Brivia Management made the fateful and productive decision to seek support from overseas.
A Welcome Injection of Capital Into Downtown Montreal
Looking abroad for capital turned out to be the best possible move for YUL’s developers. Before long, hundreds of millions in financing had been made available, providing everything Brivia Management needed to complete the project successfully. That singular accomplishment is one whose effects will be felt in Montreal for many years to come.