Canderel

Canderel

March 27, 2009 14:53 ET

Canderel Wins UDI Commercial Award of Excellence

MONTREAL, QUEBEC--(Marketwire - March 27, 2009) - At the Montreal Real Estate Forum, Canderel was awarded the Urban Development Institutes prestigious "Commercial Award of Excellence" for its development of the Bell Canada Campus on Nuns' Island. The soon to be LEED certified development was lauded for its use of sustainable technology, its landscaping, the impressive size of the five building collegiate campus and for the sheer speed at which it was delivered! A mere 17 months from start to finish for Montreal's newest landmark. The 1,400,000 square foot (840,000 rentable square foot) development was completed early in 2009 and is now home to approximately 4,000 employees. Located at the gateway to Montreal and just minutes from the downtown core, the project is at the axis of the Bonaventure Autoroute and the Champlain Bridge.

"We are extremely honoured by the recognition of the UDI. This is a testament to the collaboration and hard work of hundreds of people who are on the team, most notably our architect Brian Elsden Burrows and Reliance Construction," said Jonathan Wener, Chairman of Canderel Group of Companies and founding President of UDI Quebec (1987). "We have been most fortunate to have a wonderful 20 year partnership with Proment Corporation in our commercial developments on the island. Samuel Gewurz, President of Proment Corporation, was critical to our success in the planning of the project. His strategic interventions with all levels of government were essential to our ability to deliver in a very short time frame. We are particularly grateful to the City of Montreal and Verdun who assisted us in overcoming numerous major challenges. They proved that real projects can be executed in real time. I am extremely proud of the Canderel team who under the able leadership of Daniel D. Peritz, our Senior Vice-President of Montreal, managed the myriad of complex details to negotiate and deliver with mastery and professionalism. The Bell project was a once in a lifetime opportunity to build for one of Canada's leading communication companies and the largest private sector build to suit office complexes to be constructed in Montreal in over 30 years. We very much look forward to our next challenge in the not too distant future."

"We're extremely proud with our new home on Nuns' Island. Many people contributed to the success of the project and our people have had a very positive reaction to the new environment," said Maarika Paul, Senior Vice-President Corporate Services of Bell Canada Enterprises.

ABOUT CANDEREL

The Canderel Group of Companies is comprised of several fully integrated, commercial real estate companies with its headquarters in Montreal. Since 1975, Canderel has grown to become one of the most successful real estate development and management organizations in eastern Canada. Founded by Jonathan Wener, Canderel has established an enviable reputation for its integrity as a major real estate development company and for its sound judgment and knowledge of the commercial, multi-residential and industrial real estate business.

Over the years, Canderel has been intimately involved in all aspects of commercial property development, including land assembly, acquisition and disposal, planning, design, construction, project management, leasing, finance, and property management, and asset management. The group's principal development activities are in the office, commercial, industrial and residential markets of Montreal, Ottawa, Toronto and Vancouver, in Canada. Canderel's success to date is largely a reflection of its unique ability to direct all facets of real estate projects, either on its own behalf, for its clients, or in joint venture with partners.

ABOUT BELL

Bell is Canada's largest communications company, providing consumers with solutions to all their communications needs, including telephone services, wireless communications, high-speed Internet, digital television and voice over IP. Bell also offers integrated information and communications technology (ICT) services to businesses and governments, and is the Virtual Chief Information Officer (VCIO) to small and medium businesses (SMBs). Bell is proud to be a Premier National Partner and the exclusive Communications Partner to the Vancouver 2010 Olympic and Paralympic Winter Games. Bell is wholly owned by BCE Inc. For information on Bell's products and services, please visit www.bell.ca. For corporate information on BCE, please visit www.bce.ca.

Editors Note: A photo for this release is available on the Marketwire website at the following address: http://www.marketwire.com/library/20090327-canderel_800.jpg

Contact Information

  • Canderel Management Inc.
    Daniel D. Peritz
    Senior Vice-president, Montreal
    514-842-8636, ext. 286
    dperitz@canderel.com