Montreal - On December 19, 2024, Petra Ltée (Petra Group) sold three buildings to Cansett Properties No. 2 Inc. (affiliated with KingSett Capital) for nearly $59 million. The properties, with lots totaling an area of 1 million square feet, are located in the sector of Grandes Prairies and Langelier boulevards.
The transaction involves a significant real estate portfolio in a key area of Montreal, highlighting the continued interest in large-scale commercial properties in the city. This sale represents a notable movement in the local real estate market, with KingSett Capital, through its affiliated entity, expanding its presence in the Montreal commercial property sector.
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