Moreover,
Village mont-tremblant put up sale:
More than two years after trying to sell the shopping village of the Mont-Tremblant ski resort. Meanwhile, its owner, Lasalle Investment Management, relaunches the auctions.
Built at the foot of the tracks of Laurentides station. Moreover, the village of 135,500 ft2 Divided into sixty rental units, recently reappeared on the market, represented by the CBRE real estate agency.
The American Lasalle Investment Management. Meanwhile, a division of the real estate group JLL (Jones Lang Lasalle), has owned the premises for eight years.
The Chicago company had bought everything for $ 68.1 million in 2018. Similarly, Five years later, in February 2023, it had put it on sale, hoping to draw $ 100 million, without success.
Courtesy photo, trembling
Never mind, its sale has just been relaunched, and it was again entrusted to the CBRE broker, a competitor of JLL. In the past few days, its representatives have started to share the news, without however following our interview requests.
The pedestrian village currently presents an occupancy rate of 97%. a portfolio of commercial leases of an average duration of another 5.5 years, according to information communicated on LinkedIn.
According to CBRE, around 2.5 million people visit the station each year. This is a drop in traffic by 40% compared to claims of 3.5 million visitors per year village mont-tremblant put up sale in early 2023.
Never mind. unlike traditional shopping centers, these visitors are considered “captive” according to CBRE, less subject to competition, which would make it a particularly attractive clientele.
The shops being there. including Roots, Helly Hansen, Columbia, Burton, Hatley, Castor tails and the SAQ, would today display average sales of $ 848 per square foot, spread over the four seasons. This is an increase of 27%, compared to sales of $ 670 per square foot that CBRE was in February 2023.
At least two Quebec investors were interested in the acquisition at the time. This was the case of the real estate company Brasswater, led by Ian Quint. The businessman Ray Junior Courtemanche had also confirmed his interest.
We will also remember that Alterra Mountain Company. one of the main owners and operators of ski resorts on the North American continent, bought the Mont-Tremblant ski area as part of village mont-tremblant put up sale its intrawest acquisition for US $ 1.5 billion in 2018.
The Commercial Village of Mont-Tremblant in short
- Rental area: 135 500 pi2
- Occupancy rate: 97 %
- Average sales: 848$/pi2
- Annual number of visitors: 2,5 millions
Source: CBRE, Lasalle Investment Management
Village mont-tremblant put up sale
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