Det'on Cho Partners with KingSett Capital-Acquires Partial Ownership of Precambrian and Gallery Buildings
[Yellowknife, NT, May 15, 2025.] Det’on Cho Capital, a wholly-owned subsidiary of the Det’on Cho Group of Companies, has finalized an agreement with KingSett Capital to become a joint-owner of the Precambrian and Gallery office towers in downtown Yellowknife. The two buildings represent more than 141,000 square feet in commercial real estate in Yellowknife’s downtown core.
While the buildings are currently held under joint ownership, the terms of the agreement anticipate a transition in which Det’on Cho Capital will ultimately attain full ownership. This development aligns with the company’s long-term vision for growth and economic sustainability.
Det’on Cho Group of Companies remains committed to strategic investments that foster long-term prosperity for the Yellowknives Dene First Nation. Further details regarding this transition will be shared as they become available.
“By securing partial ownership of these buildings, we are opening new doors for growth and opportunity. The goal is to shape a sustainable future and drive long-term success for our people,” stated Philip Goulet, Chair of Det’on Cho Group of Companies.
“Partnering with KingSett Capital marks a significant milestone for Det’on Cho. This investment represents not just economic opportunity, but a commitment to fostering lasting prosperity for the Yellowknives Dene First Nation,” said Det’on Cho Group of Companies President and CEO, Mark Lewis. “With KingSett’s long and established history in commercial real estate, this partnership provides Det’on Cho Capital valuable expertise, strengthening our capabilities as we move forward.”
“This is a truly mutually beneficial and strategically aligned partnership,” affirmed KingSett Capital Chief Investment Officer, Colin Baryliuk. “KingSett is pleased to provide Det’on Cho with access to our asset management capabilities, but even more so we look forward to learning from their meaningful connection with the local community and to forging a new relationship with an organization whose core values deeply align with ours. We’re proud to begin what we believe will be a very successful partnership.”
About Det’on Cho Group of Companies
Det’on Cho Group of Companies is an investment company dedicated to strengthening the economic self-sufficiency of the Yellowknives Dene First Nation by pursuing economic opportunities in Chief Drygeese Territory of the Northwest Territories and beyond. Our portfolio of 28 companies includes eight wholly-owned subsidiaries that employ approximately 300 people throughout the Northwest Territories, Alberta, and Saskatoon and provide services in third-party logistics, camp management services, transportation, environmental, civil construction, geomatics, underground mining, waste management, remediation, aviation, ice road construction, and more.
About KingSett Capital
Founded in 2002, KingSett Capital is a leading Canadian private equity real estate investment business which creates and co-invests in real estate investment solutions to deliver sustainable premium risk weighted returns. KingSett manages over $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies.
Media Contacts
Ivania Carballo-Hinchey Dora Yiu
Marketing & Communications Manager Director, Marketing
Det'on Cho Management LP KingSett Capital
T: 780.237.8957 T: 416.687.6737
E: ivania@detoncho.com E: dyiu@kingsettcapital.com