Select Page

iA Financial Group (iA) and Canderel announce today the signing of an agreement in the real estate investment sector

 

The agreement confirms that Canderel has been selected as iA Financial Group’s strategic partner and as such will be responsible for the operational management (operations and leasing) and maintenance of iA’s real estate assets in Québec. The agreement covers the operations of 16 properties– five in Montréal and 11 in Québec City, and will take effect January 1, 2022.

“This partnership aligns with our strategic plan to focus our real estate business on active management of our investments and value creation,” said Alain Bergeron, Executive Vice President and Chief Investment Officer, iA Financial Group. “We chose Canderel because we share the same vision for real estate asset performance and we both value the importance of our employees, their expertise and their career development opportunities.”

“We are delighted to welcome the talented real estate team from iA Financial Group to the Canderel family,” said Brett Miller, Chief Executive Officer, Canderel. “With the support of these dedicated and experienced employees working out of offices in Québec City and Montréal, we will be able to continue to provide a high level of service to our tenants and partners, while sustaining iA Financial Group’s long-term investment strategy.” He continued: “This property management alliance will enable our partner to confidently focus on its investment activities, knowing that its property assets will be managed with care.”

Founded in Montréal more than 45 years ago, Canderel is one of the country’s leading real estate companies. The firm, which will soon have close to 700 employees from coast to coast, has developed a comprehensive expertise and unique positioning in value creation, performance optimization and improving return on investment.

The agreement between iA Financial Group and Canderel includes a transition period during which approximately 90 employees who manage real estate assets will remain with iA Financial Group and transfer to their new employer on January 1, 2022. These employees will then work out of Canderel’s new Québec City office and existing Montréal office. During and after this transition, iA Financial Group will maintain the same high level of service to its partners and tenants.

 

Appointment of Claude Sirois

iA Financial Group also announces the appointment of Claude Sirois as Senior Vice-President, Real Estate Investments and Commercial Mortgages. Reporting to Alain Bergeron, iA’s Executive Vice President and Chief Investment Officer, Mr. Sirois will assume responsibility for IA’s real estate holdings, which will now include investments and asset management as well as the commercial mortgages group. He will play a key role in the transition and in the management of the new business relationship with Canderel.

“I am delighted that Claude has agreed to join our team. His extensive track record and in-depth knowledge of the market, combined with his exceptional leadership skills, make him an unbeatable choice,” Mr. Bergeron noted. “Together, we will be able to enhance the performance of our real estate assets and accelerate the pace of our strategic growth in the sector.”

 

iA Financial Group Real Estate portfolio in Quebec

Property Address City
Édifices Bois-de-Coulonge 1122-26-34 Grande Allée West Québec
Édifices Bois-Fontaine 880 Sainte-Foy Rd Québec
Édifices Bois-Fontaine 930 Sainte-Foy Rd Québec
Édifice Louis-Philippe-Pigeon 1200 de l’Église St Québec
1091 Grande Allée West 1091 Grande Allée West Québec
Siège social iA Groupe financier 1080 Grande Allée West Québec
1150 Grande Allée West 1150 Grande Allée West Québec
Édifice Marly 3800 Marly St Québec
Place Québec 900 René-Lévesque Blvd East Québec
Édifice de la Solidarité 925 Grande Allée West Québec
Édifice Mérici 801 Grande Allée West Québec
2200, McGill College Ave 2200 McGill College Ave Montréal
La Tour Industrielle Alliance 2000 McGill College Ave Montréal
Carrefour Industrielle Alliance 977 St-Catherine St West Montréal
1981, McGill College Ave 1981, McGill College Ave Montréal
2020 Robert-Bourassa Blvd 2020 Robert-Bourassa Blvd Montréal

 

In the News

 

Read more at Yahoo! Finance

Read more at CoStar News 

Read more at Advisor’s Edge