AN IMPORTANT PROJECT SEES LIGHT IN GRIFFINTOWN

Beginning of the construction of "Carré de la Montagne"

MONTREAL, June 9, 2011 /CNW Telbec/ - The future "Carré de la Montagne" construction project, led by entrepreneur and promoter Maître Carré, officially launched today in the presence of the Sud-Ouest borough mayor, Benoît Dorais.

The President and Chief of Development at Maître Carré, Hugo Girard-Beauchamp, welcomed the fact that the "Carré de la Montagne" is among the first major projects to rise in Griffintown, by stating "We worked hand in hand with municipal authorities and the planning advisory committee to present a project that respects the unique architectural heritage of Griffintown. We wanted to ensure that the 'Carré de la Montagne' blends seamlessly into its urban environment, and I am very proud of what we have accomplished", said Hugo Girard-Beauchamp.

"If one respects the past and takes the best out of it, I am convinced that Griffintown will regain its vitality. Located between historic buildings, 'Carré de la Montagne' represents our vision of Ottawa Street as an upcoming dynamic and vibrant street, but also as a cultural hub", said Benoit Dorais, mayor of the Sud-Ouest borough.

The "Carré de la Montagne" project is located in front of the Griffintown St. Ann Park, and has sparked strong enthusiasm since it was announced in 2010. To date, over 94% of the 148 units have already been sold. The first "Carré de la Montagne" units will be delivered in fall 2012, and will mark, in a concrete way, the revitalization of the Griffintown neighbourhood.

About Alliance Maître Carré / Groupe Magma
Due to a strong alliance with Groupe Magma, the Maître Carré leaders have built - up-to-date - over 1,500 units in different housing projects. Whether they are urban condominiums, upscale houses, or vacation homes, Maître Carré is founded on attentive customer service, and impeccable quality in their construction. Maître Carré is the reflection of its clientele: young, hip and visionary.

/NOTE TO PHOTO EDITORS: A photo accompanying this release is available at http://photos.newswire.ca. Images are free to accredited members of the media/

SOURCE MAÎTRE CARRÉ - CARRÉ DE LA MONTAGNE

For further information:

For more information on this event or to book an interview, please contact:

Annie Paré, Cohn & Wolfe | Montréal
annie.pare@cohnwolfe.ca
514-845-7037

Catherine de Montigny, Cohn & Wolfe | Montréal
catherine.demontigny@cohnwolfe.ca
514-845-7044

The details on the project's evolution and development plans are available at the following address: www.carredelamontagne.com.

Profil de l'entreprise

MAÎTRE CARRÉ - CARRÉ DE LA MONTAGNE

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