"Les Bassins du Nouveau Havre" Project Takes Another Step Forward

    MONTREAL, Aug. 20 /CNW/ - Canada Lands Company CLC Limited (CLC) today
announced that its "Les Bassins du Nouveau Havre" project in Montréal has
taken another step forward.
    "I was pleased to be informed that the City of Montréal's Executive
Council has recommended that City Council approve Canada Lands Company's Les
Bassins du Nouveau Havre project at their next meeting on August 24th. Certain
federal approvals are expected to follow shortly, demonstrating the strong
momentum behind this important project," said Mark Laroche, President and CEO
of CLC.
    "Solid partnerships with various stakeholders have been vital to all of
Les Bassins du Nouveau Havre's successes to date. I'm very proud that CLC has
been able to count on strong cooperation from the City of Montréal and the
Sud-Ouest Borough," Laroche said. CLC would also like to thank local residents
and community groups, including the members of la Coalition de la
Petite-Bourgogne, for sharing their opinions and perspectives on the project.
    Once completed, Canada Lands Company anticipates that Les Bassins du
Nouveau Havre will include total investment (private and public) of $760
million, with 325,000 square feet (30,000 square meters) of office,
workspaces, and neighbourhood retail, plus approximately 2,000 residential
units with various styles. The plan also envisions green and recreational
areas of 4.8 acres (1.9 hectares), this being equal to nearly 20 per cent of
the site area.
    CLC's plan for Les Bassins du Nouveau Havre incorporates public walkways
that will facilitate access for the general public to the Lachine Canal
National Historic Site of Canada. CLC is working closely with Parks Canada and
the City on this concept.
    In addition, CLC has also entered into an agreement with RESO (le
Regroupement Economique et social du Sud-Ouest) for the creation of an
employment sector on the property. In collaboration with Batir-son-Quartier,
CLC's plan will see the creation of 400 social and community housing units of
which half will be designed for families with children.
    CLC will seek appropriate sustainable development designation for this
project by implementing a mixed-use approach, promoting alternative modes of
transportation, and developing innovative storm water management systems.
Deconstruction of the existing postal facility on the property in an
environmentally sensitive and sustainable manner is already underway.
    Located on the site of a former postal facility at 1500 Ottawa Street,
Les Bassins du Nouveau Havre is the first of five properties to be redeveloped
by CLC in connection with an initiative known as "Montréal's New
Harbourfront." In April 2007, the Government of Canada announced that CLC
would be the master developer for Montréal's New Harbourfront.
    CLC is a federal Crown corporation that optimizes the financial and
community value obtained from surplus strategic properties no longer required
by the Government of Canada. The company is self-financing and implements
innovative, sustainable property solutions to create strong and competitive
communities wherever it operates.
    Visit www.clc.ca to learn more about CLC.
    Visit www.lesbassins.ca to learn more about Les Bassins du Nouveau Havre.
    Visit www.nouveauhavredemontreal.ca/en/ to learn more about the
Montréal's New Harbourfront initiative.

For further information:

For further information: Gordon McIvor, Vice President, Strategic
Acquisitions, Public and Government Affairs, Canada Lands Company CLC Limited,
(416) 952-6111 or gmcivor@clc.ca

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