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KingSett acquires Place Dupuis from BUSAC Immobilier for $101 million

In June 2025, KingSett Capital (“KingSett”) completed its purchase of Place Dupuis from BUSAC Immobilier, for $101 million. Notably, the largest office building sale transaction in Montréal in 2025.

The 24-story building, ideally located in downtown Montréal, Québec at 1200 McGill College Avenue, is comprised of 240,000 square feet of office space and 73,000 square feet of retail space.

The Manufacturers Life Insurance Company (“Manulife”) acted as lender in the context of a $94 million loan assumption as part of the property purchase by KingSett to secure the property.

McMillan acted on behalf of Manulife with a team led by Sonia Rainville and included Nicholas Yanakis.

Company

KingSett Capital

Law Firm / Organization
Bennett Jones LLP
Lawyer(s)

Simon Crawford

Company

Manufacturers Life Insurance Company (Manulife)

Law Firm / Organization
McMillan LLP
Merger & Acquisition
Infrastructure
$ 101,000,000
Closed
20 June 2025