May 01, 2008 11:19 ET

Canderel Enters Into Strategic Partnership With Gestions Planeta S.E.C.

Development Company Acquires Management Contracts for Strategic Properties in Suburban Montreal

MONTREAL, QUEBEC--(Marketwire - May 1, 2008) - The Canderel Group of Companies (, a leader in the Canadian real estate development industry announced today that the firm has entered into an agreement with Gestions Planeta S.E.C. to act as both property and leasing managers for 1100 Cremazie East, 2120 Sherbrooke East and 4940-4966 Queen Mary. The portfolio is comprised of over 300,000 square feet of office space.

"This is a strategic partnership for our firm as it further expands Canderel's already extensive management portfolio." says Daniel D. Peritz, Senior Vice President of Canderel. "We, at Canderel, will continue to show our longstanding commitment to provide the highest level of leasing and property management to our partners."

Roberto Berloni, Senior Member of the Limited Partnership, adds that "we are extremely excited about this relationship as we firmly believe that the seasoned professionals at Canderel have the experience necessary to help elevate the stature of our portfolio."

Contact Information

  • Canderel
    Peter Picciola
    Executive Director, Leasing and Development
    514-842-8636, ext. 242