CLC Acquires Senneville Property from VAC



    MONTREAL, March 31 /CNW/ - Canada Lands Company (CLC) and Veterans
Affairs Canada (VAC) are pleased to announce today that CLC completed its
acquisition of the former Senneville Lodge property in Senneville, Québec.
    Senneville Lodge was constructed in 1946 and, until its closure in 1990,
it housed almost 300 Veterans suffering from varying degrees of injury who
could not care for themselves. The 60.7-acre (24.5-hectare) site was declared
surplus to the Government of Canada's real estate requirements several years
ago and was approved for sale to CLC by the Treasury Board of Canada in May
2005.
    "Our Government has always recognized the value that Veterans and members
of the local community have placed on this property," said the Honourable Greg
Thompson, Minister of Veterans Affairs. "That is why our department has worked
with Canada Lands Company to ensure the concerns expressed will be considered
in the final use of the property."
    "We are extremely pleased to complete the acquisition of this property"
said Mark Laroche, President and Chief Executive Officer of Canada Lands
Company. "We look forward to working with municipal officials and other
stakeholders to develop a plan for the property that will prove to be a
valuable addition to the local community."
    The mission of Veterans Affairs Canada is to provide exemplary services
and benefits that focus on and respond to the needs of Veterans, other clients
and families, in recognition of their service to Canada; and to keep the
memory of their achievements and sacrifices alive for all Canadians,
especially youth.

    Canada Lands Company is an arm's length, self-financing Crown
corporation, which optimizes the financial and community value from strategic
properties no longer required for program purposes by the Government of
Canada. It purchases properties at fair market value, then retains and
manages, or improves and sells them, to produce the best possible benefit for
both local communities and the company's sole shareholder, the Government of
Canada.





For further information:

For further information: Gordon McIvor, Vice President, Public and
Government Affairs, Canada Lands Company CLC Limited (www.clc.ca),
1-888-252-5263, gmcivor@clc.ca; Maggie Michaudville, Acting Communications and
Commemoration Director, Ste. Anne's Hospital, Veterans Affairs Canada, (514)
457-3440 ext. 2345, Maggie.michaudville@vac-acc.gc.ca

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Canada Lands Company

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