Over 1,250 jobs created in Quebec - Réseau Sélection invests $250 million into construction of five new active retirement communities

Nearly 1,200 units will meet the growing needs of this soaring market

MONTRÉAL, March 17, 2016 /CNW Telbec/ - Réseau Sélection, the largest private-sector owner, operator, developer, builder and buyer of retirement residences in Quebec, is pleased to announce a major investment of $250 million in the construction of five new communities in Rock Forest, Vaudreuil-Dorion, Deux‑Montagnes, Granby and Sainte-Dorothée.

The new projects will generate over 1,000 jobs during the construction phase and 250 more during the operations phase. Nearly 1,200 residential units will be developed. With this investment, Réseau Sélection will have invested a total of $600 million as part of the company's $2-billion five-year plan announced in 2015, which involves the construction of 30 new communities and 18,000 units by 2020.

"Thanks to a real estate platform that is unique in Canada and based on a vertically integrated business model , we have carved a position as a designer of lifestyles, enabling our residents to realize their dreams. I am very proud that our company, founded over 25 years ago, has become an economic force and an undeniable vector for social change in Quebec," said Réal Bouclin, Founder and President. "Investing means investing oneself. That has guided my vision and this is what motivates my team and myself to make each of our projects a  reference in terms of ethics, respect, benevolence, integrity, creativity and excellence."

More than a residence
Our aging population has been a much-discussed phenomenon in Quebec in recent years and it is now a reality. It is behind the explosion in demand for various residential formulas. Today's retirees are not what they used to be. Baby boomers, for instance, envision a much more active and rewarding retirement. More than just security, they want living spaces that allow them to be independent, focus on their health, continue to do the things they love and even engage in new activities, all under one roof.

Carefully selected locations
The five communities will be built on exceptional sites that will enable residents to take advantage of a privileged location. For example, two of them – Deux-Montagnes and Sainte-Dorothée – will boast a waterside location, while the one in Vaudreuil-Dorion  will be at the heart of a shopping area and the Granby complex, by virtue of its location, will form part of the municipality's downtown revitalization plan.

Aside from their strategic placement, the communities will also have a polished modern architecture tailored to their environment. They will offer retirees a new type of retirement living without having to move from their community, as well as beautiful surroundings and an impressive array of services geared towards preventive health care and awareness of healthy life habits.

"With these new projects, we reiterate our commitment to spare no effort in offering residents certainty that they have made an informed decision about the life they want to lead. They are free to pursue a retirement without restrictions, in a beautiful, modern new apartment where their needs are considered in terms of both location and architecture, in the heart of an inspired and inspiring community, with stimulating activities for their enjoyment. That is the experience we offer in our residences" said Gaétan Cormier, Réseau Sélection Executive Vice-President, Development.

Community partner
The design, site selection and values that guide the operation of Réseau Sélection's residences are inspired not only by a desire to provide quality living spaces for residents but also by the company's determination to be a genuine partner in the communities in which it is present.

About Réseau Sélection
Réseau Sélection has been developing and managing retirement home communities for over 25 years. A pioneer in the sector, with an operating platform that is unique in Canada, the company is active  throughout Quebec: 33 residences in operation and/or under construction, with close to 3,000 employees serving the needs of some 7,500 residents and delivering a satisfaction rate in excess of 95%. In addition to revitalizing and enhancing their quality of life, Réseau Sélection has also developed healthyIDtm, a lifestyle program focusing on prevention and awareness for adopting healthy daily living habits so that residents "live better, longer."

 

SOURCE Réseau Sélection

Image with caption: "Sherbrooke's Le Sélection Rock Forest. This community involves an investment of $34 million to build 199 units. (CNW Group/Réseau Sélection)". Image available at: http://photos.newswire.ca/images/download/20160317_C5906_PHOTO_EN_645175.jpg

Image with caption: "Réseau Sélection's three shareholders (left to right): Yves Mongeau, President CH2015 and Vice President, Real Estate, Réal Bouclin, President and Chief Executive Officer, Robert Laplante, Executive Vice President. (CNW Group/Réseau Sélection)". Image available at: http://photos.newswire.ca/images/download/20160317_C5906_PHOTO_EN_645177.jpg

Image with caption: "Logo: Réseau Sélection (CNW Group/Réseau Sélection)". Image available at: http://photos.newswire.ca/images/download/20160317_C5906_PHOTO_EN_645326.jpg

For further information: Céline Abric, Advisor, Public Relations and Internal Communications, Réseau Sélection, Tel.: 450 902-2000, ext. 2449

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WWW.RESEAU-SELECTION.COM

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