Cadillac Fairview inaugurates the first office tower to be built in downtown Montreal in more than 20 years

The inauguration of the Deloitte Tower represents the first completed milestone of Cadillac Fairview's $2 billion plan to develop lands surrounding the Bell Centre, creating a new district called Quad Windsor

MONTREAL, Sept. 18, 2015 /CNW Telbec/ - The Cadillac Fairview Corporation Limited inaugurates today, along with its major tenant Deloitte, the Deloitte Tower, the city's first, new, privately-owned and financed commercial office tower to be built in more than 20 years. The event marks the first completed milestone of Cadillac Fairview's $2 billion multi-year plan to develop a prime sector of downtown Montreal and to create a vibrant new downtown neighborhood, Quad Windsor.

"Cadillac Fairview is committed to investing in the long-term future of Montreal. Our 15-year redevelopment plan to transform the area surrounding the Bell Centre and to found Quad Windsor is today delivering its first key component, the Deloitte Tower, a $200 million investment," said Brian Salpeter, Senior Vice President, Development, Eastern Canada, Cadillac Fairview. "Quad Windsor is a new district that will offer a modern, state-of-the-art place to work and live, while successfully continuing the natural extension of Montreal's downtown core. The addition of new signature towers to the skyline and landscaped green and community spaces will build a true lively neighborhood."

Deloitte Tower: Rising to the World Standard
Located between two Montreal landmarks, the heritage-designated Windsor Station and the Bell Centre, the Deloitte Tower is a 500,000-square-foot project, which is home to premium office space and approximately 230 parking spots. Additional features of the Deloitte Tower include a signature, 32-foot-high lobby facing the historic Windsor Court; an outdoor courtyard complete with a skating rink during winter months, public seating and park area in the summer. The Bush shed, a heritage-designated remnant of Windsor Station's original rail platforms, was also incorporated into the window line of the courtyard-level lobby.

Deloitte Tower is Montreal's first LEED® Platinum (CS) office development. State-of-the-art infrastructures at Deloitte Tower substantially mitigate the risk of unforeseen escalations in operating costs that is prevalent with older buildings. Deloitte Tower also offers a measure of protection from rising energy costs as a result of high-tech systems that reduce consumption by 30-40% versus a conventional office tower. As planned, Deloitte Tower is participating in Cadillac Fairview's nationwide Green At Work® program that tracks energy use, water consumption and waste diversion, establishing reduction targets for each year.

Cadillac Fairview partnered with world-renowned architectural firm Kohn Pedersen Fox Associates (KPF). KPF joined forces with B+H Architects and Montreal-based Lemay Associés. The team brilliantly designed Deloitte Tower, ensuring it would weave into the environmental fabric of Montreal, while having a strong presence and unique personality.  For more information, please visit deloittetower.ca.

Quad Windsor: a new neighbourhood changing the face of downtown Montreal
Quad Windsor will be more than a neighbourhood; it will be an extension of downtown and a new lifestyle anchored in Montreal's heritage.

The redevelopment plan, which includes the Deloitte Tower and Tour des Canadiens, will consist of new office towers, residential buildings, local businesses and stores, as well as green and public spaces. The area encompasses about 5 million square feet. The project integrates sustainable environment principles and favours an urban lifestyle where Montrealers will be able to live, work and play.  For more information, please visit www.quadwindsor.com.

About Cadillac Fairview
With a portfolio valued at more than $28 billion, Cadillac Fairview and its affiliates own and manage over 36 million square feet of leasable space at 66 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre, Chinook Centre and the Montreal Fashion Centres (Carrefour Laval, Galeries d'Anjou, Promenades St-Bruno and Fairview Pointe Claire).

Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 311,000 active and retired teachers in Ontario.

SOURCE CADILLAC FAIRVIEW

Marc Poisson, 514-616-7691, [email protected]