MONTREAL, Nov. 10, 2017 /CNW Telbec/ - Ivanhoé Cambridge and RBC Royal Bank today announced that they have signed a long-term lease agreement under which RBC will invest in renovations to its space at 1 Place Ville Marie.
RBC Royal Bank's plans will include renovation of selected areas at Place Ville Marie, and relocation of some operations to purpose-built office space on the concourse level, where it will provide outstanding visibility for the RBC brand at street level as well as in the high-traffic, underground pedestrian network.
"We are very proud of the relationship RBC Royal Bank has maintained with Place Ville Marie for more than 55 years," said Bernard Poliquin, Senior Vice President, Office, Quebec, at Ivanhoé Cambridge. "RBC Royal Bank has renewed its commitment to Place Ville Marie and reaffirmed its position as an economic leader in the epicentre of downtown Montreal."
Martin Thibodeau, President, Quebec Headquarters, RBC, said: "We are extremely pleased to be continuing as the largest tenant of this emblematic tower where we have been located since 1962, when we became the building's first tenant." He added: "The launch of renovations within Place Ville Marie demonstrates our commitment to delivering even better service to our commercial and personal banking clients, while providing our employees with a modern workspace and leading-edge technology."
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and real estate companies in select cities around the world. It does so prudently, with a long-term view to generate optimal, 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 and major real estate funds that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in nearly 800 buildings, primarily in the residential, office, retail and logistics real estate sectors. Ivanhoé Cambridge held approximately C$56 billion in assets as at December 31, 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.
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have approximately 81,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries. For more information, please visit rbc.com.
RBC helps communities prosper, supporting a broad range of community initiatives through donations, community investments and employee volunteer activities. For more information please see: http://www.rbc.com/community-sustainability/.
SOURCE Ivanhoé Cambridge
For further information: Ivanhoé Cambridge Public Affairs, +1-866-456-3342, [email protected]; RBC, Denis Dubé, Manager, Media and Public Relations, 514-874-6556