Bentall Centre Management Contract Awarded to the Canderel Group

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 7, 2016) - The Canderel Group of Companies (www.canderel.com), a leader in the Canadian real estate industry announced today that the firm has entered into an agreement to act as both property and leasing managers for the Bentall Centre in Vancouver, British Columbia, effective July 18, 2016.

Located in the downtown core connected to the Burrard SkyTrain station, the complex comprises four Class A and AAA office towers totalling 1.4 million square feet of office area and approximately 50,000 square feet of additional retail space. It is recognized by many as the preeminent office complex in Vancouver. Bentall Centre is home to numerous multinational and national tenants including Bank of Montreal, Blakes, CIBC and Deloitte.

"This is a strategic partnership for our firm and it further expands Canderel's extensive management portfolio across Canada," says Jonathan Wener, Chairman and CEO of Canderel. "We, at Canderel, are committed to providing the highest level of service and management expertise to the Bentall Centre and its tenants."

"With national bench strength in construction, re-development, leasing and property management, Canderel is ideally positioned to ensure and enhance the project's unique stature in the Vancouver marketplace," says Bryce Margetts, Canderel's VP of Western Canada based in Vancouver.

ABOUT CANDEREL

Canderel was founded in 1975 by Jonathan Wener, who entered the real estate business with a strong set of conservative business principles, tremendous drive and a passion for buildings and architecture. Four decades later, Canderel is a leading innovator in real estate investment, development and management. The company is recognized for the exceptional diversity, talent and experience of its team and the ability to achieve success for clients and partners. With its headquarters in Montreal and regional offices in Ottawa, Toronto, Calgary, Edmonton and Vancouver, the addition of the Bentall Centre brings the company's total management portfolio to approximately 23 million square feet.