CN Shifting to Kevric’s Landmark Redevelopment at 600 De La Gauchetière Avenue West

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CN can be relocating its head workplace to Kevric’s newest redevelopment in downtown Montreal

MONTREAL, Might 09, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) and Kevric collectively introduced at the moment that CN will relocate its headquarters to Kevric’s 600 DLG mission, positioned at 600 De La Gauchetière West. The 20-year lease begins in 2028 and covers the constructing’s first 18 flooring, totaling greater than 440,000 sq. toes. CN will begin shifting sure departments as of 2026.

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“CN has been a part of downtown Montreal’s DNA for over 100 years. Sustaining our headquarters’ presence within the metropolis’s core is integral to our id. Our staff are our best aggressive benefit and we have been cautious in selecting our new headquarters. We wish to hold inspiring higher innovation and collaboration in a office that may nurture our staff’ development.’”

–   Ghislain Houle, Government Vice-President and Chief Monetary Officer, CN

“We’re proud to welcome CN’s head workplace at 600 DLG. This dedication by such a big group confirms the significance of environment friendly, central work environments for companies. We firmly imagine within the essential position of high-quality downtown workplace buildings in sustaining downtown Montreal’s position as an financial engine. 600 DLG is the newest instance of this conviction, and its transformation showcases our confirmed experience in executing complicated and visionary initiatives.”

–   Richard Hylands, President & Founder, Kevric

About 600 DLG

Kevric is enterprise this transformation by making use of the most effective practices in sustainable growth. From the outset of the design course of, the mission centered on its environmental footprint to attenuate and in the end offset its embodied carbon emissions. The renovation additionally goals to scale back the constructing’s annual operational environmental footprint to ship a totally carbon-neutral workplace constructing in downtown Montreal. 600 DLG is the prime deal with for organizations which have preventing local weather change as a company precedence.

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Situated within the Quartier Worldwide de Montréal, the tower’s thorough transformation will present CN staff with a state-of-the-art, performance-focused work setting. On this extremely wanted downtown enterprise district, CN’s head workplace will stand alongside these of different main worldwide organizations, all benefiting from the evolving mixed-use dynamism of the realm. The enduring constructing north of Sq. Victoria will characteristic the CN brand, and a brand new identify to be chosen by the North American transportation chief.

The whole redevelopment of the tower will present a next-generation work setting to its occupants. Its constructing envelope is being completely changed to characteristic bigger home windows and a brand new architectural signature. This can present the flooring with panoramic views, extra pure gentle and higher vitality effectivity. The mixing of touchless entry applied sciences, motion-sensing lighting controls and automatic window shades will make sure the state-of-the-art workspaces permit organizations and their groups to give attention to exceeding their enterprise goals, growing progressive new alternatives and nurturing their company tradition.

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The brand new important entrance, beneath development on the De La Gauchetière W. and Beaver-Corridor intersection, can be built-in with a modernized Sq.-Victoria entrance to reconnect the tower with the encircling space. Forming a brand new architectural atrium, these entrances will add to 600 DLG’s unparalleled connectivity, which incorporates direct inside entry to the Sq. Victoria – OACI metro station and to Montreal’s underground pedestrian community (RESO), frontage on the Categorical Bike Community (EBN), proximity to the REM’s Gare Centrale station, and fluid connections to downtown’s important site visitors arteries.

The relocation of CN’s head workplace to 600 De La Gauchetière W., provides to the constructing’s present tenants (Raymond Chabot Grant Thornton, Logistec and Alten Canada), bringing the workplace tower’s occupancy charge over 80%, leaving solely the tower’s 5 top-floors, recognized for his or her panoramic views, as nonetheless accessible.

About CN
CN is a world-class transportation chief and trade-enabler. Important to the financial system, to the shoppers, and to the communities it serves, CN safely transports greater than 300 million tons of pure sources, manufactured merchandise, and completed items all through North America yearly. CN’s community connects Canada’s Japanese and Western coasts with the U.S. South by way of an 18,800-mile rail community. CN and its associates have been contributing to group prosperity and sustainable commerce since 1919. CN is dedicated to applications supporting social duty and environmental stewardship.

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About Kevric
Over time, Kevric Actual Property Company has established itself as a pacesetter within the Canadian actual property sector. Its ever-growing presence within the Montreal, Toronto and the Nationwide Capital areas has positioned it among the many high business actual property builders, non-public house owners, and property managers in Canada. Kevric holds strong experience in complicated and visionary transformation initiatives: the agency stands out for its daring and entrepreneurial strategy to tackling main challenges. Kevric’s experience in figuring out, buying and repositioning properties has allowed it to create a number of first-class property, thereby producing important returns for its companions. By way of its iconic initiatives, notably 600 DLG, the Air Canada Tower and Place Bonaventure, Kevric is firmly anchored within the Quartier worldwide de Montréal enterprise district.

Kevric gives specialised companies in redevelopment and ground-up growth, property & asset administration, leasing and mission financing. It presently owns and manages properties within the Higher Toronto Space and downtown Montreal.

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For Kevric, please contact:
Francesca Jacob-Thibault
Citoyen
Telephone: +1 (418) 569-8707
E-mail: francesca.jacob-thibault@citoyen.com

For extra details about 600 DLG, please contact:
Marie-Ève St-Arnaud
Kevric
Telephone: +1 (514) 397-2220
E-mail: ME.StArnaud@kevric.ca

For CN, please contact:

A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd512785-92c2-47ad-a8b4-01d8cbee5bc4

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