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Canderel to Manage La Caisse’s Quebec Office Properties
La Caisse has hired Canderel to manage its office buildings across Quebec.
Starting December 1, La Caisse teams managing the pension fund’s office assets will move to Canderel.
The agreement covers such assets as Place Ville Marie in downtown Montreal, the Jacques Parizeau building in Montreal’s International Quarter and the Price building in the Old City area of Quebec City.
“In addition to supporting a fast-growing Québec real estate leader, this partnership will enable La Caisse to focus fully on its core profession as an investor and standardize its real estate business model,” said Annie Houle, managing director of Canadian real estate at La Caisse.
The partnership is built on shared interests and aims to preserve the distinctive character of “symbolic” Quebec buildings owned by La Caisse, said the pension-fund manager.
“It’s a great privilege for Canderel to be entrusted with the management of such iconic buildings,” said Brett Miller, Canderel’s CEO. “This mandate demonstrates La Caisse’s confidence in our expertise and our roots in Quebec.”
Pictured: The Jacques Parizeau building in Montreal’s International Quarter.
Image: La Caisse
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