Where opportunity lies in Montreal's real estate investment markets (opens on RENX)
Co-founder Bryan Spatzner on MTRPL's office strategy: buildings trading below replacement cost, and what high vacancy means for underwriting.
News
Press coverage of MTRPL transactions and projects.
MTRPL and Sailcap buy Les Cours Mont-Royal office component (opens on RENX)
MTRPL and Sailcap acquire the 258,167 sq.ft office component of Les Cours Mont-Royal at 1555 Peel and 1550 Metcalfe, from a New York family that had held it for decades. Brokered by CBRE; closed September 19.
MTRPL pays $19m for Montréal offices (opens on Green Street News)
Green Street News on the 4446 Saint-Laurent acquisition: 80,000 sq.ft in Mile End for $18.75M, or $234 per sq.ft, two blocks from Mount Royal Park.
MTRPL buys Montreal office, retail building from Allied (opens on RENX)
MTRPL and partner J&H Realties acquire 4446 Saint-Laurent from Allied Properties REIT — a nine-storey 1915 building with roughly 72,817 sq.ft of office and 7,251 sq.ft of retail.
Saint-Denis Street's vacant storefronts and the push to revive them (opens on Montreal Gazette)
Coverage of Saint-Denis Street's retail vacancy problem and the effort to turn it around, including MTRPL's purchase of the long-empty former bank at Rachel and Saint-Denis.
Montreal's Struggling St. Denis Street to See Revival Amid Landlord Acquisition (opens on Retail Insider)
Bryan Spatzner on acquiring the former Mexx flagship at Rachel and Saint-Denis — a 1920s bank, vacant and vandalized for five years — and the plan for 5,500 sq.ft of ground-floor retail.
Montreal's MTRPL to redevelop 1620 NDO office, retail site (opens on RENX)
MTRPL acquires the century-old building at 1620 Notre-Dame Ouest for $12.1M, planning 10,000 sq.ft of retail and 40,000 sq.ft of office, plus an adjacent 30,000 sq.ft parcel for future development.