Our team analyzes real estate transactions in Quebec daily. Here’s our recap of 10 significant transactions we identified in 2024. This list represents over $1.6 billion in investments:
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Laval: ONTREA INC. (Ontario Teachers’ Pension Plan) acquires 50% of Carrefour Laval for $553M.
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Quebec City: GALERIES CAPITALE HOLDINGS INC. (Primaris REIT, OMERS) buys Les Galeries de la Capitale for $289M, one of the largest retail transactions in Canada in 2024. The complex is valued at $382M.
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Multi-site: CHARTWELL MASTER CARE LP (Chartwell Retirement Residences) acquires a 50% stake in five senior residences totaling over 1500 units for $178M. The properties are located in Lévis, Quebec City, L’Ancienne-Lorette, and Shawinigan.
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Terrebonne: 4527259 CANADA INC. (Empire Company Limited, Sobeys) acquires 2.4M sq.ft. of land on Boulevard de la Pinière from SOCIÉTÉ EN COMMANDITE RF TERREBONNE (Rosefellow.) for $113M.
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Montreal: QUEBEC NO. 2 APARTMENTS INC. (InterRent Real Estate Investment Trust (IIP.UN)) buys a 248-unit building at 170 René-Lévesque Boulevard East for $107M.
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Gatineau: IMMEUBLE RIVIERA INC. (Private investors) acquires a complex of nearly 500 housing units for $98.3M.
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Terrebonne: BMTC INC. (Brault & Martineau / Tanguay) purchases the former RONA distribution center for $96M.
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Montreal: AKELIUS MONTREAL LTD. (Akelius Residential Property AB) buys Les Jardins du Canal, a 187-unit residential complex, for $93.6M.
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Saint-Philippe: ÉDIFICES SAINT-PHILIPPE RFMS INC. (linked to Rosefellow. and Groupe MACH) acquires over 4.5M sq.ft. of land north of Highway 30 for $75.6M.
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Montreal: INVESTISSEMENTS 8300 PIE IX LIMITÉE (Divmor Investments Ltd.) purchases about ten flex/industrial buildings held by JACAD for $74.9M.
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