Dollarama invests $60M in new warehouse in Montreal

[hockey19]

http://www.newswire.ca/news-releases/dollarama-invests-in-new-warehouse-in-montreal-and-revises-capex-guidance-for-fiscal-2017-567425461.html

 

MONTRÉAL, Feb. 2, 2016 /CNW Telbec/ - Dollarama Inc. (TSX: DOL) ("Dollarama" or the "Corporation") announced today that its Board of Directors approved an investment of approximately $60 million in the construction of a new warehouse in Montreal, Quebec.

 

The new 500,000 square-foot warehouse will be located in the Lachine borough near the intersection of highways 13 and 520, in close proximity to Dollarama's existing, centralized warehousing and distribution operations. The new facility will increase Dollarama's total warehousing capacity by approximately 40% on a square footage basis, thereby accommodating capacity requirements as the Corporation continues to expand its store network.

[jesseps]

They are a powerhouse. It is nice to see, that they are forever expanding.

[Né entre les rapides]

I would also think that the selection of this particular location confirms that the area remains prominent in Quebec for companies serving the Canada-wide market and sourcing their goods from all over the world: access to seaport, mainline railways and highways. Of course, this is particularly true for a large-scale/high volume business.

[denpanosekai]

Does this mean new jobs? Good for Lachine either way.

[andre md]

Nothing left of the Hudson Bay warehouse. Picture as taken this morning 1st of march 2016. I counted at least 8 pepines and there are lot of dumper truck carrying the mound.

Edited March 1, 2016 by andre md

[cjb]

Démolition rapide! Merci

[peekay]

This place is huge! Sorry for the picture quality.

 

 

[peekay]

Huge...