Rio Tinto to relocate its Rio Tinto Alcan global headquarters to Deloitte Tower in Montreal

Cadillac Fairview's Deloitte Tower 70% leased two years prior to delivery

Fact sheet available here
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MONTREAL, July 11, 2013 /CNW Telbec/ - The Cadillac Fairview Corporation Limited is proud to announce a long-term lease agreement with Rio Tinto, who will relocate its 800-employee Montreal office, including the global headquarters of Rio Tinto Alcan, to the Deloitte Tower in fall 2015.  The company will occupy 190,000 square feet on the top eight floors of the 26-storey office development, and become the Deloitte Tower's largest tenant in terms of square footage.

Rio Tinto Alcan, which established its head office in downtown Montreal more than 80 years ago, will occupy an additional 10,000 square feet for auxiliary services at the adjacent heritage-designated Windsor Station.

"Cadillac Fairview is proud to partner with Rio Tinto, and the decision to choose Deloitte Tower as their new home in Montreal speaks to the quality of our project," said John Sullivan, president and chief executive officer, The Cadillac Fairview Corporation Limited. "Rio Tinto stands for sustainable development and innovation, and Cadillac Fairview is confident that Deloitte Tower reflects these core values."

"As a long-time member of the Montreal community Rio Tinto Alcan has an important place in this city's history, but today we are looking to the exciting future for our company in this city and our new home.  Rio Tinto is very proud to be a part of this ambitious project and we look forward to moving to the city's most modern, environmentally-friendly office building," said Jacynthe Côté, chief executive of Rio Tinto Alcan.

Salvatore Iacono, Cadillac Fairview's senior vice-president, development and portfolio management, Eastern Canada, is pleased with Deloitte Tower's leasing momentum. "Deloitte Tower is now 70% leased only one year after the project and Deloitte's role as anchor tenant were announced, and two years prior to the project's completion."

Deloitte Tower will be a state-of-the-art, green, contemporary, collaborative workplace and serves as a flagship to Cadillac Fairview's commitment to Montreal. Over the next 15 years, the company plans to invest up to $2 billion to transform the area surrounding the Bell Centre, including $200 million to build Deloitte Tower.

About Deloitte Tower
Deloitte Tower is the city's first new privately owned and financed commercial office tower to be built in more than 20 years and Montreal's first LEED® Platinum (CS) office development.

Located on Avenue des Canadiens-de-Montréal, the 26-storey Deloitte Tower is situated between two Montreal landmarks, the Bell Centre and the heritage-designated Windsor Station. For more information, please visit deloittetower.ca.

About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years, Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management. For more information, please visit cadillacfairview.com.

About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the UK, combining Rio Tinto plc, a London and New York Stock Exchange listed company, and Rio Tinto Limited, which is listed on the Australian Securities Exchange.

Rio Tinto's business is finding, mining, and processing mineral resources. Major products are aluminium, copper, diamonds, thermal and metallurgical coal, uranium, gold, industrial minerals (borax, titanium dioxide and salt) and iron ore. Activities span the world and are strongly represented in Australia and North America with significant businesses in Asia, Europe, Africa and South America.

SOURCE: CADILLAC FAIRVIEW

Geneviève Hinse
T 514-894-4166
[email protected]

Marc Poisson
T 514-616-7691
[email protected]