Fonds immobilier de solidarité FTQ Is Helping Revitalize Neighbourhoods with $1.5 Billion of Projects in Progress in the Metropolitan Montréal

MONTRÉAL, March 21, 2016 /CNW Telbec/ - On the occasion of the Strategic Forum on Major Real Estate Projects organized by the Board of Trade of Metropolitan Montreal, the Fonds immobilier de solidarité FTQ is proud to highlight its involvement in 25 ongoing projects valued at over $1.5 billion in metropolitan Montréal that will be carried out in partnership with some 20 seasoned developers. The Fonds immobilier also has 13 properties under management worth $422 million. 

"We're proud to be a partner of choice in important projects that bode well for the future of metropolitan Montréal," said Normand Bélanger, President and CEO of the Fonds immobilier de solidarité FTQ. "We're fortunate to have such excellent partners who share our vision and values and who work with us to drive the local economy. The 25 projects currently underway will create about 12,000 jobs over the next few years."

The Fonds immobilier is very active across Québec and especially in the Montréal region, in particular in mixed-use commercial and residential projects, including high-end condos and rental units in booming neighbourhoods.  It has also invested $59 million in affordable social and community housing in partnership with social economy enterprises.

In Laval, the Fonds immobilier is involved in several residential, industrial and commercial projects, including Espace Montmorency, an emerging urban hub that will provide access to the Montmorency metro, just steps away from Place Bell. A special presentation on this very project, which is being carried out with Montoni and Claridge, will be given at the Strategic Forum. Not to be outdone, the South Shore has four quality residential developments in progress.

Twenty-five projects in metropolitan Montréal valued at $1.5 billion and that will create some 12,000 jobs

Project Name		Partners
Tours des Canadiens – Montréal		Cadillac Fairview, Canderel,
		Montreal Canadiens
Tours des Canadiens 2 – Montréal		Cadillac Fairview, Canderel,
		Montreal Canadiens
Data Centre Montréal – Montréal		Urbacon
Tour Quartier des spectacles – Montréal		Canderel
21^e Arrondissement – Vieux-Montréal		Prével
Lowney sur ville – Griffintown, Montréal		Prével
Exalto – Griffintown, Montréal		Devimco
Bassins du Havre – Griffintown, Montréal		Prével, Claridge
Mùv Condos – Rosemont, Montréal		Groupe Altius
Sfère phase 1 – Ahuntsic, Montréal		Loracon, Struktur
Namur – Côte-des-neiges, Montréal		Habitations Trigone
Espace MV3 – Dorval		Gestion PCA, Ipso Facto
Espace MV – Le Quatrième – Dorval		Gestion PCA, Ipso Facto
175 Metcalfe – Westmount		Bâtimo
Espace Montmorency – Laval		Montoni, Claridge
Industria 440 – Laval		Cosoltec
District Concorde – Laval		Habitations Trigone
Urbania 2 – Laval		Société de développement Urbania
Lib Boisbriand – Boisbriand		Bâtimo, Construction Voyer
Viva Cité Sainte-Thérèse – Sainte-Thérèse		Habitations Trigone
Le Monroe – Blainville		Cosoltec
Saint-Bruno-sur-le-lac – Saint-Bruno-de-Montraville		Groupe Lobato
Vic&Lambert – Saint-Lambert		LSR GesDev, Sotramont
Le Meridiem – Longueuil		Alternative Capital Group
Le Cherbourg – Brossard		Prével
$59 million dedicated to social, community and affordable housing, creating 2,263 quality housing units
For example:
Sac à Dos Action-réinsertion	Montréal	Association des groupes de ressources technique s de Montréal (AGRTQ), Atelier habitation Montréal
Spectre de rue	Montréal	AGRTQ, Atelier habitation Montréal
Mon toit mon cartier	Montréal	AGRTQ, Romel
Le Domaine - Pointe-aux-Trembles	Montréal	Bâtir son quartier, Corporation Mainbourg
Maison du Pas Sage	Laval	AGRTQ

About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At December 31, 2015, the Fonds immobilier had 37 projects in development, valued at $1.9 billion, along with 41 properties under management, 18 million square feet of land and $59 million invested in affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.  www.fondsimmobilierftq.com

SOURCE Fonds de solidarité FTQ

Josée Lagacé, Communications and Marketing Director, Fonds immobilier de solidarité FTQ, Tel.: [phone], [email protected]