MONTREAL, May 29, 2013 /CNW Telbec/ - Devimco Immobilier, a new company
created through the redistribution of responsibilities between partners
Serge Goulet and Jean-François Breton, announced the creation of three
divisions, which will include Devimco Investment, a private real estate
investment fund which will target Devimco Immobilier partners and
"This innovative fund will allow private investors to participate
financially in all stages of development of the real estate projects:
property assembly (undeveloped land funds), real estate development
projects, and completed projects," said Mr. Serge Goulet, President
Devimco Immobilier, targeting an equity of $100 million over the next
A key element for these funds is to combine higher yields that are
specific to venture capital with the safety of stable products.
According to Mr. Goulet, the diversity of products offered by Devimco
Immobilier is an assurance of prosperity for investors that support it.
Project development activities will remain under the leadership of
Devimco Immobilier, the parent company to the group's organizations.
Therefore, all activities related to the development of commercial,
office and residential real estate will be driven by Devimco
Immobilier. This division becomes a resource specializing in the
deployment, promotion and implementation of multiple use projects .
The Devimco Housing division focuses on the development of large-scale
housing projects, such as the District Griffin project, currently under
construction in Griffintown. Holding a permit from the Régie du bâtiment, Devimco Housing can act as a general contractor.
"The 'New Devimco' is founded on the cumulated experience of past
projects and will continue resolutely towards the realization of
mixed-use projects, corresponding exactly to the current market trends
and to sustainable development," said Mr. Goulet who also took the
opportunity to unveil the new company logo.
Devimco Immobilier was created following a friendly separation between
Devimco inc. co-presidents Serge Goulet and Jean-François Breton. After
the transformation, Mr. Goulet kept the Devimco banner, while Mr.
Breton founded Carbonleo Real Estate inc. The "New Devimco" has two
Partners: Serge Goulet and Mathieu Jobin, a longtime collaborator to
Quartier Dix30 : Shared Responsibilities
Further development of Quartier Dix30 remains a joint mandate, carried
out by teams from Devimco Immobilier and from Carbonleo Real Estate.
More specifically, development planning and construction of the project
Dix30 is conducted by Carbonleo Real Estate for Phase III and by
Devimco Immobilier for Phases IV to VII. Renting commercial space is
the joint responsibility of both teams' rental organizations regardless
of the phase.
Finally, Carbonleo Real Estate will handle the property management of
phases built and leased in Quartier Dix30.
About Devimco Immobilier and District Griffin
Devimco Immobilier is a new company created after the separation of
responsibilities between Serge Goulet and Jean-François Breton
(Immobilier Carbonleo inc.). In business since 1997 under the Devimco
brand, the company is a leader in real estate development in Quebec
that stands out for completion of large-scale real estate projects,
including lifestyle projects that combine commercial, business, leisure
and residential components. Devimco was in fact the first real estate
company to develop a project of this kind in Canada, which was the
Quartier Dix30. Since 2005, Devimco Immobilier has been working on the
design of one of the largest private real estate projects in Montreal,
the District Griffin, a living environment where the whole social
fabric of a true community will be represented.
SOURCE: Devimco Immobilier
For further information:
Cohn & Wolfe
514 845-2257, Ext. 4221