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Quebec  + Canada  + Office  | 
CN Rail will move into National Bank's former headquarters, according to a report.

National Bank Acquires Office Space in New Montreal Tower

National Bank has acquired office space in a new mixed-use building adjacent to its corporate headquarters in downtown Montreal

The 10-storey office component is located in Broccolini’s Victoria Sur le Par at 700 Saint-Jacques Street beside National Bank Place. The National Bank acquisition encompasses the main floor entrance area, 10 floors of office spaces and a mezzanine.

The main floor will be occupied by various businesses.

The acquisition will enable National Bank to consolidate its real estate holdings, the bank said in a news release. As employees gradually move into National Bank Place, the extra spaces in the newly acquired adjacent building will allow workers to join their colleagues in a “truly collaborative workplace,” the bank added.

The acquisition comes as many office investors in Montreal and across Canada are reducing or assessing their office space usage due to changing work patterns following the COVID-19 pandemic. Cadillac Fairview has decided to construct rental apartments instead of office space in at 750 Peel Street in downtown Montreal.

National Bank said the new building will be certified LEED Gold, WELL and WiredScore Platinum.

(Editor’s note: This story has been updated to clarify its original version.)

Photo: JHVEPhoto /


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National BankCadillac Fairview

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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