June 19, 2008 10:59 ET

Canderel Enters Into Strategic Parternship With Kanam Grund Kapitalanlagegesellschaft

Development Company Acquires Management Contracts for E-Commerce Place in Downtown Montreal

MONTREAL, QUEBEC--(Marketwire - June 19, 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 KanAm Grund Kapitalanlagegesellschaft, a Frankfurt based leading German open ended fund initiator with over EUR 6,470,000,000.00 of real estate under management worldwide, to act as the property manager of the E-Commerce Place office complex which is located on Rene-Levesque Blvd. The property is comprised of two towers totalling 960,000 square feet of office and retail space. Notable tenants include CGI, IBM and Computer Science Corporation.

"This important mandate increases our presence in the market, and brings our management portfolio to over six and half million square feet in Canada, making us the second largest property managers in Montreal with over three million square feet." says Jonathan Wener, Chairman of Canderel. "We're proud to have been chosen by KanAm Grund to be their service provider for this prestigious set of assets in Montreal, and we look forward to providing the highest level of service to our partners."

Oliver Catusse, General Manager of KanAm Grund, adds that "we are happy to diversify our property management team in Canada and expanding our relationship with Canderel."

Contact Information

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