Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Business
Classified Sites

The Canadian Press - ONLINE EDITION

Montreal's Liberty Business Park sold to institutional investors, including HOOPP

MONTREAL - A group of institutional investors, including the Healthcare of Ontario Pension Plan, have acquired Liberty Business Park in the Montreal suburb of Saint-Laurent for an undisclosed price.

Besides HOOPP, the investors include Forgestone Capital and Canderel, which has been appointed property manager of the 27 building, 1.7-million-square-foot portfolio which will be renamed NEXUS 40-13 International Business Centre.

The site is currently home to more than a dozen, high-profile tenants including Telus (TSX:T), Canon, Xerox, Nike, ABB, Abbott, AbbVie, Kraft, Siemens, GN Johnston, Carrier, Alstom, Johnson & Johnson, Valeant (TSX:VRX) and Shire.

Besides the park's existing office and industrial space, it also has development land with high visibility and easy access to major transportation links, including Pierre Elliott Trudeau International Airport.

"This significant joint venture investment by highly recognized and respected institutional investors signals a renewed confidence in Quebec's economy," said Canderel chairman and CEO Jonathan Wener.

"Canderel is proud to be at the centre of this revival," added Wener, whose company noted that the acquisition will bring its total management portfolio to approximately 20 million square feet in North America.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Election 2014
Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media

Canadian Mortgage Rates