Cadillac Fairview's Deloitte Tower 70% leased two years prior to
Fact sheet available here
Photos available upon request
MONTREAL, July 11, 2013 /CNW Telbec/ - The Cadillac Fairview Corporation
Limited is proud to announce a long-term lease agreement with Rio
Tinto, who will relocate its 800-employee Montreal office, including
the global headquarters of Rio Tinto Alcan, to the Deloitte Tower in
fall 2015. The company will occupy 190,000 square feet on the top
eight floors of the 26-storey office development, and become the
Deloitte Tower's largest tenant in terms of square footage.
Rio Tinto Alcan, which established its head office in downtown Montreal
more than 80 years ago, will occupy an additional 10,000 square feet
for auxiliary services at the adjacent heritage-designated Windsor
"Cadillac Fairview is proud to partner with Rio Tinto, and the decision
to choose Deloitte Tower as their new home in Montreal speaks to the
quality of our project," said John Sullivan, president and chief
executive officer, The Cadillac Fairview Corporation Limited. "Rio
Tinto stands for sustainable development and innovation, and Cadillac
Fairview is confident that Deloitte Tower reflects these core values."
"As a long-time member of the Montreal community Rio Tinto Alcan has an
important place in this city's history, but today we are looking to the
exciting future for our company in this city and our new home. Rio
Tinto is very proud to be a part of this ambitious project and we look
forward to moving to the city's most modern, environmentally-friendly
office building," said Jacynthe Côté, chief executive of Rio Tinto
Salvatore Iacono, Cadillac Fairview's senior vice-president, development
and portfolio management, Eastern Canada, is pleased with Deloitte
Tower's leasing momentum. "Deloitte Tower is now 70% leased only one
year after the project and Deloitte's role as anchor tenant were
announced, and two years prior to the project's completion."
Deloitte Tower will be a state-of-the-art, green, contemporary,
collaborative workplace and serves as a flagship to Cadillac Fairview's
commitment to Montreal. Over the next 15 years, the company plans to
invest up to $2 billion to transform the area surrounding the Bell
Centre, including $200 million to build Deloitte Tower.
About Deloitte Tower
Deloitte Tower is the city's first new privately owned and financed
commercial office tower to be built in more than 20 years and
Montreal's first LEED® Platinum (CS) office development.
Located on Avenue des Canadiens-de-Montréal, the 26-storey Deloitte
Tower is situated between two Montreal landmarks, the Bell Centre and
the heritage-designated Windsor Station. For more information, please
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's
largest investors, owners and managers of commercial real estate. For
more than 50 years, Cadillac Fairview has been leading the way in
commercial real estate with innovative design, development and
management. For more information, please visit cadillacfairview.com.
About Rio Tinto
Rio Tinto is a leading international mining group headquartered in the
UK, combining Rio Tinto plc, a London and New York Stock Exchange
listed company, and Rio Tinto Limited, which is listed on the
Australian Securities Exchange.
Rio Tinto's business is finding, mining, and processing mineral
resources. Major products are aluminium, copper, diamonds, thermal and
metallurgical coal, uranium, gold, industrial minerals (borax, titanium
dioxide and salt) and iron ore. Activities span the world and are
strongly represented in Australia and North America with significant
businesses in Asia, Europe, Africa and South America.
SOURCE: CADILLAC FAIRVIEW
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