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Quebec  + Industrial  | 
Montreal Mini-Storage has secured $185 million credit from a lending syndicate led by Scotiabank as it seeks to expand.

Montreal Mini-Storage Parent Rebrands, Launches Construction Company

Montreal Mini-Storage has announced that its parent firm has rebranded as Avenir Properties and will oversee its operations.

“The introduction of Avenir Properties as a unifying brand will allow us to deliver greater value to our customers, aligning seamlessly with our growth strategy and our mission to change the way our customers think and experience space,” said Simon Berman, president, and co-founder of Avenir Properties, in a news release.

The parent company was previously known as Avenir Immobilier, a Canadian real-estate group focused on the development and management of industrial properties and other commercial real estate projects.

Avenir Properties will oversee the operations of 23 Montreal Mini-Storage sites, commercial buildings and industrial assets, including the 600,000-square-foot 1 Chabanel, property in Montreal, flexible workspace and fulfillment company Clickspace, and the Hive co-working space in Montreal.

In conjunction with the rebranding, Avenir Properties has launched Devenir Construction, whose services include commercial real estate development and maintenance.

Avenir Properties manages 2.5 million sf of self-storage, office, co-working and other spaces across Quebec.

Avenir’s moves come after Montreal Mini-Storage secured $185 million in new credit in October.


Inside The Story

Montreal Mini-StorageSimon Berman

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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