The Government of Nunavut infrastructure project included 10 office buildings in 10 different communities to accommodate the decentralized model of government. The Iqaluit location includes facilities for the Legislative Assembly. 250 staff housing units were allocated to 11 different communities, aligned with the regional administrative centers. In 1999, we incorporated two subsidiaries – NCC Properties Limited and NCC Development Limited – to manage and to build our real estate portfolio and to provide third party construction services. We are committed to Inuit participation in employment and contracting.
By 2001, NCC completed buildings valued at $160 million for lease to the Government of Nunavut.
By 2008, NCC completed Inuksugait Plaza, a residential and commercial project valued at $40 million.
On June 2, 2011 Atuqtuarvik Corporation and NCC Properties Limited entered into a Partnership registered under the Nunavut Partnership Act. NCC/AC Industrial Park L.P. warehouse space was constructed in 3 phases between 2011 and 2013 for a combined 25,500 square feet.
On November 1, 2019, Qikiqtaaluk Properties Inc. and NCC Properties Limited entered into a Partnership registered under the Nunavut Partnership Act. QPI/NCCP Plateau Development L.P. was established for the purposes of developing and constructing mixed-use commercial and residential buildings on the Lower Plateau in Iqaluit. One of the new buildings, which is currently under construction and is expected to be completed in early 2022, will house NCC’s new corporate head office.
In November 2021, NCC Properties Limited closed on the sale of 126 residential units to the Nunavut Housing Corporation. These units were part of the original 250 residential units constructed by NCC from 1998 to 2000 in order to meet the staff housing needs of the newly formed Government of Nunavut.
Since inception, NCC has: employed over 250 Inuit beneficiaries; logged over 100,000 apprenticeship hours; supported Inuit suppliers, subcontractors and professional; contributed to Nunavut by providing corporate sponsorship; and paid dividends to our shareholders.
We continue to work in partnership with our shareholders. We participate in sustainable development, employing Inuit workers and contractors. We generate wealth for our shareholders, our employees and our suppliers. We are helping to build Nunavut.
Our first priority at NCC Investment Group is to honour our responsibilities to our shareholders by: