MONTREAL, Feb. 16 /CNW Telbec/ - Redcliff Métivier Realty Inc. has been
appointed to manage a large Montreal commercial property portfolio owned by
the Hospitals of Ontario Pension Plan (HOOPP), effective February 2nd, 2009.
HOOPP is an existing client of the Redcliff Realty Group, a Canadian leader in
strategic real estate services.
The portfolio comprises over two million square feet of industrial and
office properties in addition to land being held for future development. The
majority of the portfolio comprises 16 industrial buildings, most of which are
single-tenanted. Tenants include Unisource, SICO and Silgan Plastics. Tenants
in the office building located at 8000 Decarie Blvd. in Montreal include SNC
Lavalin, Friedman and Friedman, CIBC and Oberfeld Snowcap Retail Advisors.
Mr. Yves Auclair of DESYX Capital has been appointed by HOOPP to act as
asset manager for this portion of its Quebec portfolio. Redcliff Métivier will
report to HOOPP through Mr. Auclair.
Mr. Jean-Marie Saint-Georges, Senior Property Manager, has joined
Redcliff Métivier with his team and will continue to be responsible for the
management of the portfolio, reporting to Mr. Denis Bélanger, Senior Vice
President, Operations for Redcliff Métivier.
Redcliff Métivier manages a portfolio of more than four million square
feet of office and industrial properties in Quebec, complementing Redcliff's
Quebec shopping centre portfolio of 2.45 million square feet. The Redcliff
Realty Group manages more than 24 million square feet of office, retail and
industrial properties across Canada.
HOOPP is the pension plan of choice for Ontario's healthcare sector with
321 participating employers and 255,000 plan members. HOOPP pays nearly $1
billion per year in pension benefits, providing security and peace of mind to
thousands of retired healthcare workers. HOOPP, one of the country's largest
pension plans, has net assets of $30 billion diversified worldwide in stocks,
bonds, real estate, private equity and infrastructure. HOOPP has beaten its
benchmarks for 10 years in a row, ensuring the defined benefit pension plan is
secure and well funded.
For further information:
For further information: Jacques Métivier, President, Redcliff Métivier
Realty Inc., (514) 879-1597, firstname.lastname@example.org