Mach consolidates its leading position
MACH is pleased to announce the closing of the transaction for the acquisition of 42 properties previously part of the Cominar Real Estate Investment Trust portfolio. The acquired properties consist of 9 million square feet of office and retail space, adding to the group's real estate portfolio, which now has almost 40 million square feet. With this acquisition, MACH strengthening its position as a real estate leader in Quebec and is rapidly increasing its presence in Ontario.
"We are proud to add these 42 properties to our real estate portfolio. What makes us even prouder is to welcome a hundred new faces to our most important asset: the MACH team. Over the past 20 years, we have built a team of professionals, as competent as they are passionate, that led us to where we are today and enabled us to constantly reach new heights," says Vincent Chiara.
MACH also welcomes 800 new tenants who will benefit from a multidisciplinary, specialized and high-performing business platform. This platform allows MACH to reach the highest standards of responsible management and customer service. "Our tenants, from the self-employed to multinationals, are our priority. We are eager to introduce our new tenants to the full range of MACH services," concludes Vincent Chiara.
This transaction reaffirms MACH's confidence in the office tower market and its focus on regional shopping centers, in which the company continues to see great potential. This is the largest transaction to date for the group.Download PDF file