Montréal, April 28, 2020. — Lachance Immobilier and the Fonds immobilier de solidarité FTQ have formed a partnership to acquire, in equal shares, the land and building at 16 Place du commerce, L’Île-des-Sœurs, just steps from the future REM station.
“I’m very happy about this partnership and this acquisition, which will consolidate our assets on the north part of L’Île-des-Sœurs and facilitate the implementation of an integrated development project in the area,” said Claude Lachance, president of Lachance Immobilier. For his part, Normand Bélanger, President and CEO of the Fonds immobilier de solidarité FTQ, said: “We’re proud to join forces with a new partner with whom we will help drive the Montréal’s development. Today’s announcement is a first milestone towards the design of a project centred on public transit.”
About Lachance Immobilier
Headed by Claude Lachance, Lachance Immobilier is a private management company founded in 1983 that specializes in the design and development of quality urban residential projects in Greater Montréal.
About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ drives economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At December 31, 2019, Fonds immobilier had 56 projects worth $3.6 billion in progress, 74 properties under management assets as, 1.3 million square feet of land for development and $90 million allocated to affordable, social and community housing. The Fonds immobilier is a member of Québec- Green Building Council.