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May 15, 2017

Exclusive Agreement between the City of Sherbrooke and a Consortium to Conceptualize a Real Estate Project to Develop Quartier Well Inc.

As part of the development of Quartier Well Inc., the City of Sherbrooke has reached an exclusive agreement with a consortium consisting of the Fonds immobilier de solidarité FTQ, Groupe Custeau and SherWeb to conceptualize a turnkey real estate project on a strategic block of Wellington Street South, where the City of Sherbrooke has been purchasing properties since last October.

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.