MONTREAL, April 17, 2013 /CNW Telbec/ - Réseau Sélection announced today that it has purchased the prestigious senior's residence "Le Cambridge" located in Pointe-Claire previously owned by le Fonds immobilier de solidarité FTQ and Prével Retraite. The details of the transaction are confidential.
Le Cambridge is an established and renowned complex with 530 apartments for clients 60 years of age and older seeking a high-quality residence at a competitive price. "We are very happy to add this prestigious building to our network of private residences since it fits in quite well with the rest of our portfolio of 15 buildings located throughout Quebec," declared Réal Bouclin, Founding President of Réseau Sélection.
Réseau Sélection will assume the exclusive management of the building, and the company expects to slowly implement the procedures and specific methods that have made it a Quebec leader in retirement homes. "Le Cambridge has an excellent reputation on Montreal's West Island, and we plan to add some of our practices to create a living environment that is even more interesting and pleasant," said Mr. Bouclin. Réseau Sélection acquired the building in partnership with Revera, an established leader in senior's accomodation, care and services with more than 90 retirement residences across Canada. This acquisition marks the first time that the companies have worked together.
About Réseau Sélection
Réseau Sélection (www.reseauselection.com) specializes in the construction, management and administration of private retirement complexes. Réseau Sélection operates 15 residences with
3,600 units iin 12 cities in Quebec and it employs approximately 1,500 people. Réseau Sélection is currently in the process of building 2,000 additional units. It offers seniors residences that stand apart for their welcoming, comfortable, stimulating and safe living environment.
NOTE TO THE MEDIA: The building's specification sheet is available at :
SOURCE: Réseau Sélection
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