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Groupe Petra and Groupe Mach acquire Montreal’s KPMG Tower and Promenades Cathédrale for $195.5M

BentallGreenOak sold the KPMG Tower and the Promenades Cathédrale underground shopping mall in downtown Montreal to Groupe Petra and Groupe Mach for $195.5 million.

The KPMG Tower, located at 600 De Maisonneuve West, is a 34-storey, 516,724-square-foot, class-A office building completed in 1987. It features postmodern architecture and is certified BOMA Best Gold. The building houses tenants such as KPMG, Gildan Brands, Telus, and CIBC. Integrated with the tower is the 134,943-square-foot Promenades Cathédrale shopping mall, part of Montreal’s underground city and soon to be connected to the REM light rail via McGill station.

Company

BentallGreenOak

Law Firm / Organization
Blake, Cassels & Graydon LLP

Company

Groupe Mach

Law Firm / Organization
Groupe Mach
Merger & Acquisition
Infrastructure
$ 195,500,000
Closed
08 February 2022