DetSA国际影视传媒檕n Cho Corporation, the economic development arm of the Yellowknives Dene First Nation, has finalized its purchase of the Nunasi Building on 48 St. on Nov. 30.

John Henderson, president and CEO for DetSA国际影视传媒檕n Cho Management LP, said that the building is long-term investment for the company, one they intend to hold onto indefinitely.

SA国际影视传媒淲e have investments in a lot of areas and we do have some commercial buildings now but the majority of them are for use for our own purposes,SA国际影视传媒� he said. SA国际影视传媒淲e have warehousing, passenger lounges at the airport, for example. Most of them are part of the core operation business whereas this property is dedicated as an investment property.SA国际影视传媒�

Henderson also said that the company believed it was necessary to diversify its investments.

SA国际影视传媒淚t was up for sale, so weSA国际影视传媒檝e seen it as a way to diversify our holdings into something thatSA国际影视传媒檚 not necessarily an operational business,SA国际影视传媒� he said.

Henderson declined to share the cost of the building, but said that they have been working to acquire the property since July.

The building is a commercial space, home to nearly a dozen businesses such as Polar Vision and Top of the World Travel.

The contracts between the pre-existing tenets were maintained through the ownership transfer, Henderson said.

Tenents currently occupy all available spaces in the Nunasi building, though the basement isnSA国际影视传媒檛 being used for anything.

Henderson gave some indication as to what they might do with the space.

SA国际影视传媒淲e will probably will utilize the basement office space for our own purposes, to do some job specific training,SA国际影视传媒� he said.

He said that the basement was previously being used for storage, and they donSA国际影视传媒檛 intend to make that space available for rent to the public.

SA国际影视传媒淚tSA国际影视传媒檚 used as storage right now and it hasnSA国际影视传媒檛 been marketed. It has been in the past SA国际影视传媒� there have been offices there,SA国际影视传媒� he said. SA国际影视传媒淭hereSA国际影视传媒檚 potential for some shared office space for some of the companies that we deal with on a regular basis. WeSA国际影视传媒檙e not going to market it as an additional office space to the general public.SA国际影视传媒�