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Canadian National Railway will relocate its headquarters to a major Kevric Corporation office redevelopment in downtown Montreal.

CN Relocating HQ to Kevric Redevelopment Project

Canadian National Railway will relocate its headquarters to a major Kevric Corporation office redevelopment in downtown Montreal.

CN will occupy the building’s first 18 floors under a 20-year lease, the companies announced Friday. The space totals about 440,000 square feet.

“CN has been part of downtown Montreal’s DNA for over 100 years,” said Chislain Houle, CN’s executive vice-president and CFO. “Maintaining our headquarters’ presence in the city’s core is integral to our identity.” 

The lease commences in 2028 but CN will begin to move certain departments in 2026.

The property, known as 600 DLG, is located at 600 De La Gauchetière West, north of Square Victoria in the International Quarter. Kevric’s announcement came after La Presse reported the deal in late March.

“This commitment by such a large organization confirms the importance of efficient, central work environments for corporations,” said Richard Hylands, Montreal-based Kevric’s president and founder. “We firmly believe in the crucial role of high-quality downtown office buildings in sustaining downtown Montreal’s role as an economic engine.”

The 600 DLG building previously served as National Bank’s headquarters. National Bank has relocated to a new tower at National Bank Place, also situated in downtown Montreal. Some employees will be based in a new nearby mixed-use building. In November, the bank purchased the 10-storey office component in Broccolini’s Victoria Sur le Par at 700 Saint-Jacques Street beside National Bank Place.

The redeveloped 600 DLG will feature the CN logo and a new name to be chosen by the railway. As part of the redevelopment, the entire building envelope will be replaced and include new, larger windows that provide more natural light, automated window shades, a new main entrance at De La Gauchetière West and Beaverton Hall and a modernized Square Victoria entrance.

CN will join existing tenants Raymond Chabot Grant Thornton, Logistec and Alten Canada, bringing occupancy to about 80%. The top five floors are still open for lease. The building is connected to Montreal’s central train station, a subway station and underground pedestrian walkway.

CN’s head office has been based at 935 De La Gauchetière West since 1961.

Rendering: Courtesy of Kevric Corporation

(Connect CRE will hold its inaugural Canada Kick-off Event in Toronto on June 11. This will be Connect’s first commercial real estate industry conference in Canada. Panelists will include Syl Apps, managing director and co-country head for Hines; Lindsay Brand, chief investment officer at Concert Properties; Mark Kenney, CEO of Canadian Apartment Properties REIT; and, Marie-France Benoit, Avison Young’s director of Canadian market intelligence. Come and gain insights from industry leaders on such matters as buyer sentiment amid a lower interest-rate environment, cross-border commercial real estate transaction trends, and investors’ outlook for 2024 and beyond. Register today.)


Inside The Story

CNRichard Hylands

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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