In what is becoming a growing trend, Groupe HD and Fondaction have acquired a former Volkswagen automotive dealership in Greater Montreal where they plan to build a 155-unit purpose-built rental apartment project.
There have been few significant office tower transactions across Canada over the past two years, but a just-completed, off-market deal in downtown Montreal has bucked that trend. Groupe Mach has acquired 1600 Rene-Levesque Blvd. W. from BentallGreenOak.
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