Place Innovation Office Campus, Montreal, Quebec

Belmont Equity Partners in joint venture with Brookfield Real Estate Opportunity Fund (BREOF) purchased this challenged asset that was 60% leased with short term leases.

This 890,000 square foot, four (4) building office complex in suburban Montreal required significant restructuring, construction and re-branding to become a properly functioning multi-tenant environment to support the work place performance and employee retention objectives of the tenants.

Successfully attracted and leased premises to international companies such as Bombardier, Air Canada Technical Services, AMDOCS, Ciena and Lockheed Martin for head and regional offices.

Belmont's asset management effort substantially outperformed the leasing market and provided tenants with proactive and creative solutions resulting in 99.6% occupancy rate for the complex with an average lease term of over nine years.

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