CLC announces City of Montréal acquires Parc de la Pointe



    MONTREAL, Dec. 19 /CNW/ - As part of Canada Lands Company's (CLC's)
commitment to Montréal's New Harbourfront revitalization and a green space
network, CLC is very pleased to announce that the City of Montréal has
acquired its property at Cité du Havre called Parc de la Pointe. This
property, which is approximately 11 acres (4 hectares), is located at the tip
of Cité du Havre and functions as a park visited by thousands of residents and
visitors year round for various outdoor recreational activities.
    "We are extremely pleased to sell the property to the City of Montréal
ensuring it is maintained as park space for future generations to enjoy", said
Robert Howald, Vice President, Real Estate, Eastern Region for CLC.
    CLC has been mandated by the Government of Canada to redevelop nearly
five million square feet of property within Montréal's harbourfront. The
objective of this redevelopment is to create an exceptional urban space for
Montréalers to work, live and play. The integration of appropriate green
spaces is a key element to the revitalization of Montreal's New Harbourfront.

    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: Basil Cavis, General Manager, Real Estate,
Québec, Canada Lands Company, (514) 283-5555 or bcavis@clc.ca

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Canada Lands Company

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