QuebecCanada CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Nofada Acquires Two Quebec City Apartment Towers
Nofada immobilier has acquired two rental-apartment buildings in Quebec City.
The two 12-storey towers are known by their French name Tours Chapdelaine and located at 2200-2220 Chapdelaine Avenue in the Sainte-Foy area.
Julien Simard, Nofada’s president, announced the deal on LinkedIn without identifying the seller or purchase price. But according to published reports, Montreal-based Nofada acquired the towers from CAPREIT for $35 million.
“We have plans for modernization, especially in terms of energy efficiency. A bit of rejuvenation of the common living areas and units,” Simard told Le Soleil.
According to the reports, Nofada acquired the towers as part of a bidding process co-ordinated by Avison Young. The property includes two retail spaces, with one occupied by a hair salon and the other sitting vacant.
Built in the early 1970s, the towers comprise 214 units altogether.
Photo: Nofada
- ◦Lease
- ◦Sale/Acquisition
