Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Allied Properties REIT acquires Phases I to VII of Cité du Multimédia

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Confidential Client

Pursuant to its public announcement, Allied Properties REIT completed the acquisition of seven office buildings in Montréal by the acquisition of the shares of the registered title holder from funds controlled by Hamburg-based MPC Münchmeyer Peterson Real Estate Consulting GmbH and advised by Northam Realty Advisors Ltd of Toronto. The seven office buildings are situated in Old Montréal and comprise a total of approximately 1,000,000 square feet of office space. The disclosed $242 million consideration was paid namely by obtaining approximately $62 million of mortgage financing from Hypothèques CDPQ Inc., a subsidiary of the Caisse de dépôt et placement du Québec. Hypothèques CDPQ Inc. was represented by Fasken Martineau DuMoulin LLP with a team led by Verna Cuthbert that included Stéphane Lalande and Isabelle Durand (real estate and corporate) and Jean-François Perreault and Étienne Gadbois (tax).

Team

    Subscribe

    Receive email updates from our team

    Subscribe