UBC buys new property for $ 70 million in Metro Vancouver

UBC is going to grow in Surrey.

The university announced on November 2 that the UBC Properties Trust had purchased a 135,000-square-foot property near Surrey Memorial Hospital for $ 70 million. The land, located at the intersection of King George Boulevard and Fraser Highway in central Surrey, will be rebuilt in the coming years.

“The location, which is located close to SkyTrain, Surrey Memorial Hospital and other community facilities, is expected to be a combination of residential and commercial premises that will generate revenue to enable the construction of dedicated academic facilities,” the university said in a press release.

Consultation with society on what exactly the earth can become is expected next year.

Buying the site advance is the university’s goal of a broader regional presence, UBC adds.

The university notes the site’s close connection to Fraser Health with thousands of students, staff and alumni living, working and teaching in Surrey.

“Every year, more than 4,900 health students and medical residents take place in hospitals, primary care settings and clinics across Fraser, where students train with world-class clinical faculties in areas such as family practice, emergency medicine, midwifery and other specialties,” the school said.

“About 200 nursing students also take their education at Fraser Health, while about 100 pharmaceutical science students participate in internships at 57 locations in the Fraser region.”

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