Thursday, May 4, 2017 - Regina, Saskatchewan
Brightenview Development International Inc. today announced construction on a $45 million project at the Global Transportation Hub (GTH), which will bring new international tenants and increased trade activity to Saskatchewan. PCL Construction Management Inc. broke ground to begin the first two buildings of a planned six-building complex at the GTH.
Brightenview’s Global Trade Exhibition Centre (GTEC) will become a home to small- and medium-sized manufacturers and entrepreneurs from Asia, who will establish businesses in Saskatchewan as a base to sell into the North American market. When fully developed, as many as 300 businesses will reside in GTEC with a projected business capital investment of over $200 million.
“Today is an important moment as we are witnessing a company that shares our vision of Saskatchewan being a global transportation hub that can effectively and efficiently distribute goods throughout North America and the world,” said Rhonda Ekstrom, Vice President, Business Development at the GTH. “For decades we have heard governments talk about increasing trade opportunities with Asia and that is what we are celebrating today with this announcement by Brightenview.”
For decades we have talked about increasing our province’s trade opportunities with Asia and that is what we are celebrating today with this announcement by Brightenview.”
Built to expand Saskatchewan’s trade economy
With easy access to major Canadian highways and CP Rail, as well as its status as a Foreign Trade Zone and self-regulating authority, the GTH provides a number of advantages to international companies exploring trade activity in North America.
Brightenview Chief Executive Officer and Executive Director Joe Zhou said the new facility will open new doors to expanding trade between Asian and North American companies.
“Not only are Asian companies and entrepreneurs looking to build business networks, but we also believe there is huge opportunity to help Saskatchewan businesses access world-wide markets,” said Joe Zhou, CEO and Executive Director of Brightenview. “GTEC is making it easier for international investors to establish in an unfamiliar market and where language and business traditions can sometimes be a barrier. It’s a model we’re excited to introduce into North America.”
GTEC tenants will occupy condo-like spaces to showcase products that are:
• Ready for marketing and distribution;
• Connected to the GTH distribution channels (road and rail) to reach North American buyers; and
• Supported by GTEC’s dedicated professionals and service partners that will help these new businesses overcome barriers and understand North American opportunities, regulations, standards, logistics and relationships.
The first group of tenants, anticipated in the spring of 2018, will be distributors of electronics, home building materials and general consumer items. Others will export food products made from Saskatchewan agriculture goods. GTEC will also house and assist North American enterprises who want to export to Asia.
Brightenview is a Saskatchewan-based international business development company. They offer commercial real estate development and project management, professional consulting services, business plan establishment, and international product marketing and promotion. The Global Trade Exhibition Centre at the GTH will make their first major development since incorporating their company in 2012.
Ideally situated adjacent to the CP Rail mainline and directly connected to the TransCanda and Yellowhead National Highway systems, the GTH offers land for sale or lease to businesses in the following segments: transportation and logistics, warehousing and distribution, import and export operations, as well as light processing and manufacturing. For more information visit THEGTH.com
Courtesy of the Global Transportation Hub, http://thegth.com/news/brightenview-breaks-ground-new-trade-complex-gth