SOURCE: Creccal Investments Ltd.

October 06, 2015 07:00 ET

Creccal Investments Ltd. Completes Acquisition of the Westmount Square Commercial Component

Westmount's Most Prestigious Office Towers and Concourse Mall, Designed by Mies van der Rohe, Latest Addition to Creccal Investments' Portfolio

TORONTO, ON--(Marketwired - October 06, 2015) - Creccal Investments Ltd., a Montreal-based real estate investment and property management company, completed the purchase of the Westmount Square commercial component (http://westmount-square.com/en/home/) in Montreal on September 30th, 2015.

Designed by renowned architect Ludwig Mies van der Rohe, they are considered Westmount's most prestigious office towers and are central to this community's office node. Located at the corner of Greene Ave. and Ste-Catherine St., the distinguished complex is comprised of two office towers, with over 248,000 square feet of prime office space, and features over 80,000 square feet of retail space.

"Creccal Investments Ltd. is pleased to continue its long-standing history in the well-established Westmount borough of Montreal," says Rica Crecco, Vice President of Operations. "Creccal's founder, Alberto Crecco, first invested in the Westmount area with the purchase of the Westmount Life building located at Greene Ave. and Sherbrooke St. in 1971."

Other Creccal holdings in Westmount include Chateau Maisonneuve (http://www.chateaumaisonneuve.com/) at the corner of Maisonneuve and Clairmont, a highrise residential building with an office component. This building is currently owned and operated by Creccal Investments. The company owns and manages additional holdings in both Quebec and Ontario.

About Creccal Investments Ltd.

Creccal Investments Ltd. is a privately owned and operated Montreal-based real estate investment company. Established in 1977, it's active in both Quebec and Ontario Markets. The company's widely diversified portfolio of properties includes development sites, multi-tenant residential apartment buildings, retail shopping centres and office buildings in major urban centres, including Montreal and Westmount, QC; and Toronto ON. Creccal's current holdings include 2,000 apartments, 250,000 square feet of office space and 350,000 square feet of retail space. Creccal Investments Limited seeks to achieve maximum capital appreciation via a strategy of careful management of the existing portfolio. The company continues to leverage the family-oriented and hands-on approach that has always been key to Creccal Investments' success.

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