For example,
Real estate market | kingsett:
Kingsett acquires the office building of the 1200, McGill College for 101 million.
Posted at 8:00 a.m.
Owner of Place Dupuis, the seller, Busac, had the 1200, McGill College for almost 30 years. However, Busac Immobilier is a company from the New York group Jemb Realty Corporation.
The buyer is an important Canadian owner. Consequently, Founded in 2002 by Jon Love, Kingsett, Toronto, was less present in Montreal until recently. Consequently, In January, it acquired five industrial properties in the Saint-Léonard district. Additionally, Consequently, They belonged to the Petra group. Therefore, Kingsett also participated in the acquisition of some 1,100 real estate market | kingsett dwellings from the Norgate complex of the Saint-Laurent district in December 20241.
The building sold in the city center. Similarly, which has 24 floors, is divided into 240,000 square feet of office space and 73,000 square feet of commercial spaces. The Rogers telecommunications company is one of the importance tenants.
“The purchase of the 1200. McGill College is indeed the largest office building sales transaction in 2025 in Montreal,” said Mathieu Turbier, vice -president associate and commercial real estate broker for the firm colliers, to whom The press asked for his opinion.
The transaction was published in the land register on June 20.
Increased activity in the second half – Real estate market | kingsett
Until now. the sale of 1-5, Place Laval for 72 million constituted one of the largest office real estate market | kingsett transactions in Quebec in 2025. In this specific case, the buyer, Luc Poirier, is considering the conversion of offices to housing.
It is also a heavy trend. According to the young Broker. 700,000 square feet of offices have been converted to residential or are being in the process of being in Montreal. These sites withdraw 2.5 % of the prepaandic rental stock from the B and C office categories (older office stock) in the city center. Still according to this company, 1.4 million square feet during analysis for potential conversion. complete redevelopment, which would further reduce the stock of category B and C offices in the city center.
For the second semester of the year, Aat Young expects a certain resumption of the office rental activity. “Office rental is strength as companies are adapting to hybrid work. the upcoming expansion real estate market | kingsett of the REM should facilitate access to the city center. ». Read in a statement released at the end of June which reported the results of a survey carried out with 150 Young Breakdown Experts from all over Canada.
1. Read “Sale of Norgate apartments in Saint-Laurent: the largest acquisition of housing of the year in Montreal”
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