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Client Work

Soeurs de la Charité de Québec sells real estate complex to Desjardins Financial Security

Fasken
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Overview

Client

Confidential Client

On October 4, 2007, Desjardins Financial Security announced that it had acquired a 40,000 square metre real estate complex in Lévis, Québec belonging to the Soeurs de la Charité de Québec. This property is home to eight buildings including the Centre d'accueil Saint-Joseph de Lévis, a long-term care facility with 157 beds, and the Résidence Louis-Edouard Couture, with 25 beds. Desjardins Financial Security has chosen Groupe Champlain, a subsidiary of Sedna Health Group, to manage the facilities. The Soeurs de la Charité de Québec, by selling the property, is winding down 130 years of active involvement in the Lévis community particularly in taking care of orphans, persons with mental health disabilities and seniors. The Soeurs de la Charité de Québec were advised in this transaction by Jean-M. Gagné, Martin R. Gagné and Ianny Xenopoulos of Fasken Martineau.

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