MONTREAL, Jan. 16, 2017 /CNW Telbec/ - Ivanhoé Cambridge and Manulife are very proud to announce that EY has selected Maison Manuvie at 900 de Maisonneuve Boulevard West as its new home in downtown Montreal. EY will occupy approximately 8,000 m2 (86,000 ft2) of office space. With a move planned for summer 2018, over 750 EY employees will step into a new work environment conducive to collaboration, teamwork and technology integration.
"We are thrilled to welcome EY to Maison Manuvie," said Bernard Poliquin, Senior Vice President, Office, Quebec, Ivanhoé Cambridge. "This transaction confirms once again the market's keen interest in cutting-edge spaces that meet the high standards and evolving expectations of today's tenants, their employees and their clients. Because EY wants to provide its employees with an environment that offers mobility and urban vitality, it has decided on space in the heart of downtown, connected to public transit and to Montreal's underground city."
"This is a good day for Manulife, Ivanhoé Cambridge, EY and the City of Montreal," said Stephen Nicoletti, Managing Director, Eastern Canada, Real Estate Asset Management, Manulife Real Estate. "Maison Manuvie, our joint venture project with Ivanhoé Cambridge, provides employees and visitors alike with outstanding design, connectivity, and workplace flexibility. It will be the home of Manulife's Montreal-based operations and we are proud to share it with EY."
This is one of the largest transactions of 2016 in Montreal's Class AAA office building leasing market. Co-owned by Manulife and Ivanhoé Cambridge, Maison Manuvie will be 27 storeys high with approximately 45,200 m2 (486,500 ft2) of space, more than 24,000 m2 (260,000 ft2) of which will be occupied by Manulife employees. Construction of Maison Manuvie is scheduled to be completed in the third quarter of 2017.
Designed by the Montreal architectural firm Menkès Shooner Dagenais Letourneux, the Class AAA building features timeless architecture and enhanced efficiency with a focus on sustainable development. Designed to meet the standards for LEED® CS (Core and Shell) Gold certification, Maison Manuvie will offer a working environment with optimized layout flexibility, maximum brightness and opportunities to create open and collaborative workspaces. With a tenant lounge area, a multi-purpose conference centre, an outdoor terrace located on the 8th floor, facilities to accommodate bicyclists and more than 360 above-ground parking spaces, Maison Manuvie will feature next-generation workspace strategies.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.
Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily in office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at June 30, 2016. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
About Manulife Real Estate
Manulife has been investing in and managing direct core and core-plus real estate for more than 80 years. Operating as John Hancock Real Estate in the U.S. and Manulife Real Estate elsewhere, we invest, own, develop and asset manage commercial real estate in major metropolitan cities across the globe. We leverage our fully integrated in-house capabilities to serve our customers and investors as well as manage the space requirements and own use facilities for Manulife and John Hancock operations around the world. Manulife Real Estate is the global real estate arm of Manulife and is a unit of Manulife Asset Management Private Markets where we extend our asset management capabilities for the benefit of institutional investors through our real estate fund platform. As at September 30, 2016, the Manulife Real Estate portfolio totaled more than 62 million square feet with an AUM market value of C$20.6 billion (US$15.7 billion). Additional information about Manulife Real Estate can be found at www.manuliferealestate.com.
SOURCE Ivanhoé Cambridge
For further information: Ivanhoé Cambridge Public Affairs, +1 866-456-3342, [email protected]