News

YUL Condominiums: A Major Real Estate Investment

It’s been less than two and a half years since the first shovel went in the ground, and YUL Condominiums has already announced the official launch and sale of its YUL Phase 2 units. Construction on the impressive residential development in Downtown Montréal began in November 2014 and is coming along well.

“We are very proud that YUL Phase 2 will be launching its sales in no time,” said Steve Di Fruscia, President of Tianco Group.

Located at 1400 René-Lévesque Boulevard West, YUL Condominiums is co-developed by Tianco Group and Brivia Group. The project, supported by Montréal International since the very beginning.

The construction of the YUL Condominiums development is a strong sign that Chinese investors are taking a growing interest in Greater Montréal—in both real estate and high-tech sectors. Montréal International has announced a number of major Chinese investments over the past few months, including the NSERC/Huawei Industrial Research Chair in Future Wireless Technologies funded by Huawei Technologies, one of the world’s leading manufacturers of telecom and ICT equipment; the R&D centre established by Hikvision Canada, a leader in video surveillance products and solutions; and the first North American office of Gold-Finance Group, a major investment fund and film producer. Two of China’s biggest banks—Bank of China and Industrial and Commercial Bank of China—have also opened branches in Montréal in the past few years.

What’s more, Air Canada’s addition of daily year-round flights between Montréal and Shanghai will greatly facilitate trade with China over the next few years. Air China also plans to introduce more nonstop flights between Montréal and Beijing to better connect the city with China’s northern regions. By considerably reducing flight times and the risks associated with connecting flights, nonstop services to Asia from Montréal will open up new markets to the Montréal business community while boosting Chinese investment in the metropolitan region.

www.montrealinternational.com/en/news/2017/04/yul-condominiums-a-major-real-estate-investment/

Hot News

Pont Rouge New Retirement Home Project Opening Ceremony!

Pont Rouge New Retirement Home Project Opening Ceremony!

An opening ceremony of our new retirement home project in Pont Rouge will be held on July 14th, 2017. This project is a first collaboration between the Dura investment group and Quebec based Chateau Bellevue Group. Together the partners have committed to fill the void...

STEVE DI FRUSCIA IS A GREATER MONTRÉAL AMBASSADOR

STEVE DI FRUSCIA IS A GREATER MONTRÉAL AMBASSADOR

Steve Di Fruscia, CEO of Tianco’s Group , explains how he successfully convinces Chinese investors to look for opportunities in Greater Montréal. “If I have to convince an investor in China, I would persuade them into seeing the beauties in Montréal, in mandarin”...

Chinese Investment Lands in Montreal at YUL Condo Project

Chinese Investment Lands in Montreal at YUL Condo Project

Chinese money is starting to find its way into the Montreal real-estate market in a significant way. As the economy slows at home, Chinese investors are looking to diversify abroad and Montreal represents an undervalued opportunity, says Steve Di Fruscia, chief...