Dancor will showcase their investment on Friday, June 17th at 11am with the official openings of three companies that have leased space in the park at 2351 Huron Street – Fraser Direct (logistics fulfillment & customs brokerage), Fastenal (industrial supplies) and Scheuch Inc. of Germany (air pollution controls systems).
Key investors from the GTA, Attorney General Chris Bentley, and other provincial and federal politicians are scheduled to attend the celebrations.
Dancor eyed the emerging market in London, Ontario, after running out of development and investment opportunities in the Greater Toronto Market due to high development charges ($14 to $22 per square foot), approval delays, and high land costs of $600,000 to $1,200,000 per acre.
By comparison, city-owned, fully-serviced land in London costs $75,000 per acre while privately owned land will range from $90,000 to $140,000 per acre. Building permits and site plan approvals are 4 weeks to 8 weeks and there are no development charges on industrial buildings in London.
“London presents the right mix for investment in terms of affordability, land availability and municipal support and encouragement. We plan to continue our investment in London’s burgeoning market and are looking to attract companies from the GTA and elsewhere,” said Sean Ford, Dancor.
In recent years London has been successful in attracting Canadian and international companies. The Original Cakerie (frozen desserts) from British Columbia, Hanwha (quartz countertops) from Korea, Kongsberg (remote weapon stations) of Norway, along with Digital Extremes (Triple A console game developer) and Billy Bee Honey from the GTA are just a few.
Kadie Ward
Director, Marketing and Communications
London Economic Development Corporation
Office: 519-661-1883
Mobile: 226-688-6452
Sean Ford
President
Dancor Development
Office: 519-457-2339
Mobile: 519-521-3007
