A consortium led by Group Society and upstart Laurier Capital has acquired Windsor Station in Montreal, marking the start of a major revitalization effort for the landmark property.

The buyers said the acquisition will launch “an ambitious revitalization project aimed at restoring this exceptional asset and transforming it into a vibrant hub for Montreal’s workforce and community.”

The 326,000-square-foot property, known for its architecture and the Salle des Pas Perdus event hall, also includes office and retail space with access from Peel Street, Avenue des Canadiens-de-Montreal and Saint-Antoine Street. The seller was not disclosed but Cadillac Fairview was known to be the previous owner.

The new owners plan to reposition the asset as a destination that blends heritage and modern use.

“Our vision is to ensure that this historic landmark becomes an essential destination, where history meets innovation, energizing downtown Montreal and supporting the return to the office,” said members of the Cheaib family, founders of Group Society.

Plans include diversifying and upgrading the retail offering, highlighted by a new 10,000-sf restaurant adjacent to the Bell Centre, home of the NHL’s Montreal Canadiens, along with additional service concepts. On the office side, the consortium aims to attract technology firms, startups and professional tenants seeking high-quality, experience-driven workspace.

The partners expressed confidence in top-tier office assets amid the sector’s slow recovery, which has gained momentum since mid-year 2025 as more organizations increase workers’ in-office requirements.

“Despite the concerns often raised about the office market, we believe strongly in the potential of institutional-grade real estate assets such as Windsor Station,” said Guillaume Jacob, co-founder and partner at Laurier. “Our strategy is to acquire high-quality, well-located properties with strong growth potential.

“We are seeing increasing demand for AAA spaces, and this category is nearly fully leased. With no new office construction in the pipeline, high-quality properties will continue to experience rising rents and higher occupancy.”

Group Society has developed approximately 800 rental-housing units and owns several conventional commercial real estate assets in Montreal. The company also manages properties.

Laurier is a newly created company that has now completed five acquisitions since launching only three months ago. The firm is headed by Jacob and fellow commercial real estate veteran Laurent Dionne-Legendre.

Financial terms were not disclosed.

Pictured: Windsor Station in downtown Montreal.

Photo: CNW Group/Laurier Capital