On April 14, 2003, SITQ, a real estate subsidiary of CDP Capital (Caisse de dépôt et placement du Québec) sold to 1200 McGill College Commercial Trust No 1 (a member of The Busac Real Estate Group) for $52.25 million, a group of buildings consisting of approximately 320,000 sq.ft. mixed use office and retail, located in downtown Montréal, and composing almost the complete quadrant bordered by Sainte-Catherine, Mansfield, Cathcart and McGill College Streets, said quadrant fronting the prominent Sainte-Catherine and McGill College Streets in downtown Montréal. This recent acquisition adds to the 1.52 million sq. ft. of real estate owned by the The Busac Real Estate Group in downtown Montreal. The acquisition was financed by CDP Capital - Hypothèques (another subsidiary of Caisse de dépôt et placement du Québec). The transaction was approved by the Competition Bureau.
The Montreal real estate group of Fasken Martineau assisted SITQ's in house counsel, Luc Chagnon. Claude Gendron headed the Vendor's group for Fasken Martineau (Montréal office) and teamed up with Lise Rochette and Isabelle Durand.
CDP Capital - Hypothèques was represented by another Fasken Martineau team (Montréal office) headed by Verna Cuthbert, who teamed up with Christine Malenfant, Daniel Martin and Anne Drost and assisted CDP Capital - Hypothèques' in-house counsel, Madeleine Amyot.