October 31, 2020
We are pleased to provide you with an update on our NationWide Self Storage (NWSS-II) property located at 2055 Boundary, BC (the ‘Boundary Property’).
BUILDING PERMIT GRANTED
As previously announced in early June, the City of Vancouver (“COV”)
granted us our Build Permit for the construction of both the self-storage and car wash combination facility. Permit issuance was delayed due to three of the planning officers assigned to our project being moved internally to different departments and the newly assigned officers having to start their review from the start.
The City of Vancouver was also shut down at the start of COVID-19 and went remote thereafter, which caused further delays.
Subsequent to receiving our permits, we are pleased to report that we have now completed the assembly of our team comprised of an exceptional industry leaders in project management (“BTY Group”), self-storage architectural, design and engineering (“BFA Architects”) and self-storage construction (“Maple Reinders”).
For the full update, click here.
This information is general in nature and does not constitute an offer to sell or an advertisement, solicitation, or recommendation to buy securities. Nothing on these pages constitutes investment, legal or tax advice, nor was it prepared in consideration of the investment objectives, financial situation, particular needs of any specific recipient. There can be no assurance that investments will perform as or be of the quality anticipated. There are risks associated with any investment.