Hypothèques CDPQ provides US$70 million in financing for a portfolio of 25 properties owned by Olymbec Development

At the end of March 2016, Hypothèques CDPQ Inc. closed a financing in the amount of $70 million in capital of a portfolio of 25 industrial, office, and commercial buildings owned by real estate developer Olymbec Development Inc. Olymbec is now one of the largest private industrial real estate holders in Eastern Canada, with branch offices located in key markets across Québec and the United States including Trois-Rivières, Sherbrooke, Québec City, Dallas, Columbus, Atlanta, Las Vegas, St. Louis, Memphis, Hartford, Indianapolis and West Virginia. Hypothèques CDPQ Inc. is among the largest commercial real estate debt lenders in Canada. It is a subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s leading institutional fund managers. Elias Retsinas and Ashley Munro of Fasken Martineau advised Hypothèques CDPQ Inc. on this transaction. Paralegals Monique Gourd, Mylène Cloutier and Marie-Frédérique Henry also formed part of this team.