“Calgary is a terrifically exciting business community,” says Moiz Bhamani, the respected and experienced CEO of Prime Real Estate Group, a Calgary based full-service commercial real estate development and investment firm.
“Calgary is a young city, with lots of entrepreneurs, new business ventures and established businesses that are growing. And despite the oil and gas stereotypes, it is becoming a much more diversified economy with growth in other areas, from the financial sector, IT and retail is also booming”.
“It’s healthy and good for the city to have a more diversified base.”
Bhamani explains that the dynamics of Calgary’s business community are also changing some trends in Calgary’s commercial real estate market.
“It used to be normal and consistent that business offices had to be downtown. But the escalating costs of being located downtown are pushing especially small to mid-size offices out of downtown and into what used to be categorized as ‘suburban’ locations”.
“Some of the real commercial real estate challenges are realistically evaluating potential suburban office locations and effectively predicting population growth and their spending power.”
Bhamani is an upbeat Calgary-booster and openly admits a passion for “everything real estate.” His Prime Real Estate Group – “is now seven years old and has grown phenomenally, in excess of 200% per year over the past three years,” he says with genuine pride.
His gung-ho, Calgary-based real estate firm has a growing portfolio of over $250 million under direct control and is planning to acquire lands and real estate projects throughout Western Canada as well as a recent expansion in the U.S.
Prime’s goal is to deliver the finest quality commercial properties in major North American corridors with the best growth potential for tenants and investors.
Prime Developments is a subsidiary that focuses on project planning, development, construction, leasing and asset management services to internal and external projects throughout Western Canada and now Texas (USA). It has already developed over 500,000 square feet of commercial real estate projects and is managing and has a development pipeline of over 2 million square feet.
Calgary’s most prestigious and most respected business award known as ‘Leader’s of tomorrow’ given by Business in Calgary Magazine in collaboration with CTV television. a short Youtube video link which was played in front of 500+ business community leaders gala held on June 26 2014.
Moiz Bhamani is also part of National EPB of Canada Entrepreneurship Program team.
Magazine Link:https://ismailimail.files.wordpress.com/2014/07/prime-group.pdf
http://issuu.com/businessincalgary/docs/bic_july2014_lo
YouTube Link: https://www.youtube.com/watch?v=EalDKQKocww
Company Link: http://www.theprimegroup.ca/development/