Kevric to Acquire and Redevelop Montréal’s 600 de la Gauchetière West Building
Kevric Real Estate Corporation and a Canadian Institutional Partner have signed a final purchase agreement for the office tower located at 600 de la Gauchetière West in downtown Montréal.
Following National Bank’s announcement that it would be moving to Saint-Jacques Street, commercial real estate firm, Devencore put the 28-storey building on the market.
“This important acquisition allows Kevric to expand its offering of commercial real estate spaces for organizations which aim to distinguish themselves and will ensure the company’s growth in Montréal for years ahead. Kevric is proud to continue fueling the evolution of downtown Montréal into a world-class Canadian city,” said Richard Hylands, Kevric’s president.
Kevric says the buyers plan to make significant investments to redevelop this LEED Gold and BOMA Platinum tower to ensure it meets the highest standards in commercial real estate.
Transforming the building with a new lobby facing Square Victoria, as well as modernizing its architecture is among the central elements implemented in this investment.
The company also plans to develop the building so that it remains a location of choice for companies in the knowledge, technology and media sectors, as well as Montréal’s new industries.
The complex is connected to Montréal’s underground pedestrian network and offers direct access to the Square-Victoria/ICAO subway station on the orange-line.