Update - Refurbishing work at underground levels of 700 de La Gauchetière West

    MONTREAL, June 5 /CNW Telbec/ - COGIR Real Estate, responsible for the
management of the office tower located at 700 de La Gauchetière West and
co-manager with Banque Nationale, of the underground galleries linking the two
buildings respectively located at 600 and 700 de La Gauchetière, is still
proceeding to refurbish the underground levels A to F, initiated around 2 a.m.
last night following the inundation caused by the rupture of the private
8-inch water main conduct feeding the complex.
    The leak has rapidly been stopped and the cleaning and drying of the
premises will continue throughout the weekend. This work is not posing any
issues as the health and safety of people on the site.
    Unless specific indication to the contrary, the 3 000 employees of the
various companies operating in the location should be back at work effective
6:30 a.m. Monday. However, the levels A and B of the commercial concourse will
remain closed until completion of the reconstruction work presently estimated
at 15 days or so. Parking levels C to F could reopen on Monday.

    About Cogir

    Cogir Management Corporation manages more than 250 real estate
properties. The commercial, industrial and office space covers more than 11
million square feet. The residential side counts for more than 20,000
apartments and condos located in Quebec, Ontario, Nova Scotia and, more
recently, in Europe. With an experienced staff of more than 1,900 employees,
Cogir excels in the real estate field, combining the dynamism and team spirit
of a small company with the experience of the largest management companies of

For further information:

For further information: Joan Beauchamp, Enigma communications, (514)

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