A project carried out in partnership by Devimco Immobilier, Fonds de solidarité FTQ and Fiera Properties
MONTREAL, Feb. 7, 2019 /CNW Telbec/ - Devimco Immobilier, Fonds immobilier de solidarité FTQ and Fiera Properties, partners in the Square Children'sTM residential project, have announced a $300,000 donation to the Montreal Children's Hospital Foundation to help support research and highly specialized care at this world-renowned pediatric institution. The Square Children's™ project will revitalize the former site of the hospital located near downtown Montréal.
"With this donation, we are not only supporting pediatric health research, but we are also paying tribute to this historic building dedicated to children's health, a cause that is dear to our hearts," said Normand Bélanger, President and CEO of Fonds immobilier de solidarité FTQ.
Added Serge Goulet, President of Devimco Immobilier: "It was important for us to acknowledge the Montreal Children's Hospital's illustrious presence in the neighbourhood. This is why, in addition to the donation, a commemorative work depicting this historic institution will also be displayed in the lobby of the EstWest residential towers."
And Pierre Pelletier, Senior Vice President, Opportunity and Development Funds at Fiera Properties, stated: "As developers, we wanted to recognize our social role through a meaningful and concrete gesture. Helping sick children as well as families going through hard times seemed very appropriate."
The Foundation's partners and executives met today at the Hospital to officially present the cheque and inaugurate the donor recognition plaque.
"We are grateful to the project partners for this gesture," said Renée Vézina, President of the Montreal Children's Hospital Foundation. "This kind of initiative helps transform care for sick children, assist families in need, and foster innovation and research."
Recap of the Square Children's™ project
The Square Children's™ mixed-use real-estate project is part of an urban revitalization initiative for this historically significant site in the heart of Shaughnessy Village. It will include rental apartments and condominiums as well as a major community centre and community housing. To better serve current and future residents, it will also offer commercial and office spaces. There will be large common green spaces and a park. Construction began in May 2018, and delivery of the first units is scheduled for January 2020.
About Devimco Immobilier
Devimco Immobilier is a Quebec real estate development leader that stands out for the creation and execution of large real estate projects, in particular lifestyle and TOD (transit-oriented development) complexes that combine commercial, business, leisure, and housing components. The company's real estate projects are noteworthy for producing unique living environments that take the needs of the people in the community into account. Devimco Immobilier was the first real estate company in the country to develop a lifestyle complex, with Quartier DIX30TM. www.devimco.com
About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ drives economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At May 31, 2018, the Fonds immobilier had 46 projects worth $2.9 billion in progress, 50 properties under management, 2 million square feet of land for development and $76.3 million allocated to affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.
About Fiera Properties Limited
Fiera Properties is a Canadian real estate investment management company that provides direct real estate investment solutions to institutional investors, foundations and endowments, as well as high-net-worth investors. As part of Fiera Capital’s alternative asset offerings, Fiera Properties is a team of experienced real estate practitioners and offer innovative solutions to its clients' investment challenges..
Fiera Properties manages approximately $3.2 billion in commercial and industrial real estate assets, including $662 million in Québec, through various investment funds and accounts. It provides strategies from "Core" through "Opportunistic," in both equity and debt, across all major sectors (as at December 31, 2018). www.fieraproperties.com
Fiera Properties is a division of Fiera Capital Corporation, a global independent investment management firm with over C$143 billion in assets under management as at September 30, 2018 delivering customized multi-asset solutions across traditional and alternative asset classes to institutional, retail and private wealth clients across North America, Europe and key markets in Asia. Fiera Capital strives to be at the forefront of investment-management science and is passionate about creating sustainable wealth for clients. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. www.fieracapital.com
In the U.S., asset management services are provided by the Firm's U.S. affiliates, which are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training.
Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at www.sedar.com.
About the Montreal Children's Hospital Foundation
The mission of the Montreal Children's Hospital Foundation is to inspire and mobilize the community to support innovation in research, teaching and care at the Montreal Children's Hospital, the pediatric teaching hospital for McGill University's Faculty of Medicine, and pediatric research at the Research Institute of the McGill University Health Centre. Since its inception in 1973, the Foundation has raised over $428.5 million, which has transformed the lives of sick children through innovative research and teaching projects, and cutting-edge care. For more information, please visit childrenfoundation.com.
SOURCE Devimco Immobilier
For further information: Viviane Ross, 514 827-4250, [email protected]