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DekaBank Buys Montreal Office Building Tour Deloitte from CF
Germany’s DekaBank has purchased a 495,000-square-foot office tower in downtown Montreal for an undisclosed price from Cadillac Fairview.
The transaction is Deka’s largest to date, said the bank, a long-time player in the Canadian office market.
Deka bought the 24-storey Tour Deloitte through its open-ended Deka-ImmobilienMetropolen (DIM) real estate fund, which is making its first investment in Canada. As the name suggests, the tower serves as Deloitte’s base in Montreal.
“The fund’s active liquidity management enables it to seize market opportunities for investments and participate in future growth trends,” said Deka.
Built in 2015, Tour Deloitte is located on Rue Saint Antoine in the Ville-Marie borough and accessible to the RÉSO underground pedestrian network that connects the entire downtown. The property was the first office tower in Montreal to meet the LEED Platinum standard for Design + Construction and holds an Energy Star certification with a score of 75 points.
Tour Deloitte is in close proximity to the Bell Centre, home of the NHL’s Montreal Canadiens.
Pictured: Tour Deloitte in downtown Montreal.
Photo: Cadillac Fairview
- ◦Sale/Acquisition
