|
Monday, December 1, 2008
|
|
|
|
Temp:
|
2°C
|
|
Feels like:
|
-2°C
|
|
Humidity:
|
52%
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
Industrial Alliance buys 50 per cent stake in Montreal office building for $100 million |
|
|
|
Written by THE CANADIAN PRESS
|
|
Tuesday, 07 October 2008 |
Google Currency Converter
Related Items
No keywords found
QUEBEC - Industrial Alliance Insurance and Financial Services Inc. (TSX:IAG) has acquired a 50 per cent stake in the Edifice 1981 McGill College Inc. office building in Montreal for $100 million.
An unnamed financial partner has acquired the other 50 per cent stake, while Industrial Alliance will manage the building, the Quebec-based insurer said Tuesday.
"This building presents a unique combination of first-class asset, unparalleled location and institutional grade tenancies in a market which boasts strong fundamentals," said Claude Tessier, Industrial Alliance's vice-president of real estate investments.
The acquisition increases the number of buildings Industrial Alliance owns in Canada to 28, with a market value of about $600 million.
 |
|
Last Updated ( Tuesday, 07 October 2008 )
|
|
|
Who's Online
We have 168 guests and 11 members online
|
|
|
|
Subscribe to this comment's feed
