Major transaction in the real estate industry - Groupe Mach purchases seven (7) buildings owned by the Fonds immobilier de solidarité FTQ
06 Jun, 2013, 09:38 ET
MONTREAL, June 6, 2013 /CNW Telbec/ - Groupe Mach announced today they had completed a major financial transaction by buying six office buildings and one residential and commercial building, owned by the Fonds de solidarité de la FTQ.
A transaction for and by Quebecers
Six of the buildings bought by Groupe Mach are located in Quebec City while the seventh is in Montreal. Groupe Mach has thus acquired more than 625,000 square feet of office space in this transaction.
"This is an important and extraordinary transaction for Groupe Mach. Our holdings include high-quality buildings and we are happy that this heritage will remain in the hands of a Quebec company," said Vincent Chiara, President of Groupe Mach.
Groupe Mach, a leader of real estate development in Quebec
Groupe Mach is currently one of the main office space and property managers in Montreal. With this purchase it now co-owns almost 6,000,000 sq. ft. of total office rental space. In addition, this transaction now allows them to significantly consolidate their presence in Quebec City, with the number of buildings they own there increasing from one to seven.
A relationship of trust with their investor
Buy giving its confidence to Groupe Mach, CMLS Financial, a nationally renowned mortgage company founded in 1974, confirms the integrity and seriousness of Groupe Mach.
"An acquisition this important only happens if both the company who invests and their investor build a relationship of unwavering trust," stated proudly Vincent Chiara.
About Groupe Mach
Groupe Mach was created in 1999 by Vincent Chiara who is still the sole proprietor. Their portfolio is diversified: office, commercial, industrial, residential and institutional space. Groupe Mach also owns buildings in the health sector, including three CLSC and one CSSS in the greater region of Montreal. Groupe Mach's team includes architects, engineers, urban planners and managers. The company's goal is to emphasize the value of their holdings and they strive for high-quality, a long-term vision and integrity in every project undertaken. To find out more visit www.groupemach.com.
SOURCE: Groupe Mach
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Contact us for pictures of the buildings purchased by Groupe Mach.
Tel.: 514-849-7000 #222
Cell. : 514-578-3857
Email: [email protected]
For more information
Tel.: 514-374-6224 #233
Email: [email protected]
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