Marché d'édifices à bureaux de Montréal : actualités

[steve_36]

Donc beaucoup de mouvement dans les bureaux de la Métropole. Est-ce que c'est bon signe ?

[Feanaro]

Donc beaucoup de mouvement dans les bureaux de la Métropole. Est-ce que c'est bon signe ?

 

Il y a pas mal de locaux libres donc les gestionnaires immobiliers d'entreprise magasinent beaucoup pour avoir des prix compétitifs.

 

Pas forcément un bon ou un mauvais signe mais plutôt qu'il y a de la vacance avec les pi2 qui ont été mis sur le marché récemment.

 

 

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[WestAust]

IGM Financial, GWL set to buy Montreal office towers: sources

 

Investors Group and GWL Realty Advisors are set to buy two Montreal office buildings from Germany's KanAm Grund Group for around C$415 million ($308.99 million), though the transaction has not been finalized, two sources familiar with the deal said.

 

Investors Group is part of IGM Financial Inc (IGM.TO) while GWL is part of Great-West Lifeco Inc. (GWO.TO) Power Financial Corp (PWF.TO) is the controlling shareholder of both companies. Power Corp of Canada (POW.TO) in turn controls Power Financial.

 

The buildings are expected to be sold at a low capitalization rate for the Montreal market, indicating that demand for high-quality office buildings is spilling over from Toronto and Vancouver.

 

The potential sale of the office towers was reported on Friday by Reuters.

 

Power Corp spokesman Stephane Lemay referred a reporter's query directly to Winnipeg-based Investors Group which declined to comment. GWL Realty in Toronto and KanAm could not immediately be reached for comment.

 

The deal should close before year's end, said the sources, who spoke on condition of anonymity because terms of the transaction have not been made public.

 

The downtown buildings are expected to be sold at a capitalization rate of just over 5 percent, which is indicative of a premium asset, said the sources.

 

Capitalization rates are calculated by dividing an asset's net operating income by its market price.

 

According to recent data from Colliers International, Montreal cap rates for Class A buildings range from 5.50 percent to 6.25 percent.

 

"It (a 5 cap) is unusual for the city," said a third source familiar with both the deal and the Montreal commercial real estate market, who declined to comment because the transaction is not yet public.

 

According to data from CBRE Ltd, Montreal's third quarter downtown vacancy rate was 11 percent, compared with 10.6 percent for downtown markets in Canada as a whole.

 

KanAm, which owns real estate assets in Europe, North America and Australia, acquired the buildings at 1350-1360 René-Lévesque West, in 2007 and 2008.

 

The nearly 1 million square-foot property is managed by Canderel Inc, a Canadian real estate developer. Tenants include IT services providers CGI Group, Computer Sciences Canada, IBM and TD Bank, according to its website.

 

Real estate services firm JLL, which is selling the properties, declined to comment.

 

IGM Financial, GWL set to buy Montreal office towers: sources

| Reuters

[theodore123abc]

IGM Financial, GWL set to buy Montreal office towers: sources

 

Investors Group and GWL Realty Advisors are set to buy two Montreal office buildings from Germany's KanAm Grund Group for around C$415 million ($308.99 million), though the transaction has not been finalized, two sources familiar with the deal said.

 

Investors Group is part of IGM Financial Inc (IGM.TO) while GWL is part of Great-West Lifeco Inc. (GWO.TO) Power Financial Corp (PWF.TO) is the controlling shareholder of both companies. Power Corp of Canada (POW.TO) in turn controls Power Financial.

 

The buildings are expected to be sold at a low capitalization rate for the Montreal market, indicating that demand for high-quality office buildings is spilling over from Toronto and Vancouver.

 

The potential sale of the office towers was reported on Friday by Reuters.

 

Power Corp spokesman Stephane Lemay referred a reporter's query directly to Winnipeg-based Investors Group which declined to comment. GWL Realty in Toronto and KanAm could not immediately be reached for comment.

 

The deal should close before year's end, said the sources, who spoke on condition of anonymity because terms of the transaction have not been made public.

 

The downtown buildings are expected to be sold at a capitalization rate of just over 5 percent, which is indicative of a premium asset, said the sources.

 

Capitalization rates are calculated by dividing an asset's net operating income by its market price.

 

According to recent data from Colliers International, Montreal cap rates for Class A buildings range from 5.50 percent to 6.25 percent.

 

"It (a 5 cap) is unusual for the city," said a third source familiar with both the deal and the Montreal commercial real estate market, who declined to comment because the transaction is not yet public.

 

According to data from CBRE Ltd, Montreal's third quarter downtown vacancy rate was 11 percent, compared with 10.6 percent for downtown markets in Canada as a whole.

 

KanAm, which owns real estate assets in Europe, North America and Australia, acquired the buildings at 1350-1360 René-Lévesque West, in 2007 and 2008.

 

The nearly 1 million square-foot property is managed by Canderel Inc, a Canadian real estate developer. Tenants include IT services providers CGI Group, Computer Sciences Canada, IBM and TD Bank, according to its website.

 

Real estate services firm JLL, which is selling the properties, declined to comment.

 

IGM Financial, GWL set to buy Montreal office towers: sources

| Reuters

 

Well I'll take that in a positive manner, if someone is willing to pay a premium for office space in Montreal then there must be some sort of increased demand. Question is what do they know that we don't.

[_mtler_]

Both IGM and GWL are Winnipeg-headquartered companies...Will Investors Group and Great-West Life both be moving closing to their parent, Power Financial, in Montreal under the same roof? GWL is the 2nd largest insurance company in Canada, but Sun Life has been catching up at a huge rate recently and is set to overtake them in the near future. All this is speculation of course.

[greenlobster]

Both IGM and GWL are Winnipeg-headquartered companies...Will Investors Group and Great-West Life both be moving closing to their parent, Power Financial, in Montreal under the same roof? GWL is the 2nd largest insurance company in Canada, but Sun Life has been catching up at a huge rate recently and is set to overtake them in the near future. All this is speculation of course.

 

Hush , your pretty good , don't open the can of worms bigger , this forum will make to much competition.

[qwerty]

So the rumour is out, Great west + investors are moving their Winnipeg head office to Mtl, :awesome::awesome: Ben non quand meme...

[greenlobster]

So the rumour is out, Great west + investors are moving their Winnipeg head office to Mtl, :awesome::awesome: Ben non quand meme...

 

Some one is moving let us see the chosen one , hush, hush.

[Rocco]

Facile d'acheter des tours avec un premium quand le secteur autour est burning hot. On parle ici de la CCE, en plein coeur du renouveau territorial du centre bell. Ils auraient dû acheter il y a 5 ans avant le début de toutes les constructions.

[greenlobster]

Facile d'acheter des tours avec un premium quand le secteur autour est burning hot. On parle ici de la CCE, en plein coeur du renouveau territorial du centre bell. Ils auraient dû acheter il y a 5 ans avant le début de toutes les constructions.

 

Your right , but now is the time to buy before vacancy rates hit 4% SHORTLY.