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Press releases

November 20, 2015

Fonds immobilier de solidarité FTQ and Grilli Samuel Consortium Immobilier Announce the Acquisition of 4.3 Million Square Feet of Land in Contrecoeur for Industrial and Commercial Projects Valued at $200 Million

The Fonds immobilier de solidarité FTQ and contractor Grilli Samuel Consortium immobilier are pleased to announce a partnership agreement for the acquisition of 4.3 million square feet of land in the City of Contrecoeur. The land, a portion of which lies along the St. Lawrence River and another close to Autoroute 30, will be used to develop two major industrial and commercial hubs. The latter will include a highway service centre.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.