The Cadillac Fairview Corporation Limited

The Cadillac Fairview Corporation Limited

August 04, 2009 16:30 ET

Cadillac Fairview Acquires Windsor Station Property in Downtown Montreal

TORONTO, ONTARIO--(Marketwire - Aug. 4, 2009) -

Attention: Business/real estate/newsdesk editors and reporters

The Cadillac Fairview Corporation Limited is proud to announce that it has acquired the Windsor Station complex and other real estate assets from The Canadian Pacific Railway Company. Windsor Station is located at 1160 De la Gauchetiere in downtown Montreal and represents an important heritage property. It was originally built between 1887 and 1889 to serve as both a station and the head office for the Canadian Pacific Railway Company. Subsequent additions were made to the building and surrounding lands between 1900-1906, 1909 -1914 and 1953-1954 to evolve with the needs and times of a growing cosmopolitan city.

Windsor Station currently houses more than 300,000 square feet of leasable office space and serves as an important hub for commuters to access the Montreal underground and Montreal Metro subway system. Its impressive architecture and rich history remain an iconic symbol for the heart of downtown Montreal and a major point of interest in the city's urban landscape.

Under the ownership and management of Cadillac Fairview, Windsor Station's historical significance and heritage designation will be fully respected.

This acquisition satisfies Cadillac Fairview's ongoing strategy to secure best-in-class signature assets in Canadian downtown core locations. Canadian Pacific has made its intentions clear to remain a long-term tenant of the building in this ever evolving part of Montreal. This acquisition reflects a diversification into the Montreal office real estate market for Cadillac Fairview, along with 39 other office buildings across Canada that the company currently owns and/or manages.

About Cadillac Fairview

The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management. Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $16 billion and nearly 50 million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 84 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Chinook Centre and the Montreal Fashion Centres. Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 284,000 active and retired teachers in Ontario. For details, please visit www.cadillacfairview.com.

Contact Information

  • Media inquiries please contact:
    The Cadillac Fairview Corporation Limited
    Heath Applebaum
    Manager, Corporate Communications & Media Relations
    416-598-8645
    heath.applebaum@cadillacfairview.com