The insurer Intact, owner of Belairdirect, has finished waiting for the blue metro line in Anjou. It will move very close to the Montmorency metro station, in Laval, next summer, becoming the main tenant of the offices of the Espace Montmorency complex.
Incidentally, the division of the insurer which sells without the intermediary of brokers is taking the opportunity to reduce the size of its offices. It will occupy a little more than 100,000 square feet in Laval, while its current premises, at 7101, rue Jean-Talon Est, in Anjou, along Highway 40, cover approximately 170,000 square feet, a reduction of 35 % of rented area.
“This rental is the perfect example of the type of transaction we are seeing in 2023,” says Brent Robinson, managing director of real estate agency Cushman
“This new transaction was the result of an in-depth assessment of our current and future needs,” said Mathieu Auclair, public affairs advisor at Intact, in an email. Given the average duration of leases, the expiry of the Anjou lease gave us the opportunity to ask ourselves certain questions regarding our needs. Our main goal is to ensure the continued growth of Intact and provide an optimal working environment for our employees. »
The signing of Belairdirect increases the occupancy rate of Espace Montmorency offices to 85% with tenants such as Omnia Technologies, Scotiabank, Deloitte, Investor’s Group, DHC Avocats and Groupe Montoni.
“This move is part of the desire to offer Intact Financial Corporation employees a pleasant experience, the latest trend in terms of well-being and sustainable development, and easy access,” Frédérick Truchon said in writing. ‑Gagnon, director, public affairs and communications, at Montoni.
Announced in 2019, Espace Montmorency (EM) is aiming for multiple environmental certifications. Worth more than 450 million, the complex includes a Courtyard by Marriott, a campus of Montmorency College as well as a multitude of restaurants.
It was first developed by the Sélection, Montez, Montoni and Fondsimmobilier de solidarité FTQ consortium. In May 2023, an entity from the workers’ fund bought the shares of Sélection, in financial difficulty.
Cogir Immobilier became the manager of the 700 housing units. In total, the Laval complex has 1.3 million square feet spread across four towers, including half a million square feet of offices and retail.
Work of Sid Lee Architecture, EM has an occupancy rate of 90% of commercial premises. There we find RBC, Aisle 24, Pokepo, Lunetterie Parade, Sergiolinos, Sesame, Kababgy, Chocolato, Milestones, La Belle