JLL leads Lease Renewal Project for Cogeco Communications Inc.
JLL Montreal is pleased to announce that Cogeco Communications Inc., a subsidiary of Cogeco Inc. one of Canada's leading communications and media companies, has renewed its corporate head office lease.
Montreal, November 30, 2017 -JLL Montreal is pleased to announce that Cogeco Communications Inc., a subsidiary of Cogeco Inc. one of Canada's leading communications and media companies, has renewed its corporate head office lease at 5 Place Ville Marie with Ivanhoe Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec.
This prestigious real estate transaction was led by Andrew Bissett and Bernard Lawrence of JLL's Montreal Tenant Representation Group.
"After a thorough selection process, Cogeco Communications Inc. awarded JLL with this prestigious assignment to conduct an in-depth assessment of the commercial real estate market and assess all options regarding its corporate head office lease in downtown Montreal," said Andrew Bissett, Executive Vice President of JLL's Montreal Tenant Representation Group.
The project was initiated in June 2016 and was concluded in the summer of 2017. "We are extremely satisfied with the result of our recent real estate project in Montreal that was led by JLL. Our leasing transaction achieved all of our business goals and facility objectives," said Sylvain Dubuc, Vice President, Performance and Organizational Efficiency and IT, Cogeco Connexion, a subsidiary of Cogeco Communications Inc.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
Cogeco Inc. is a diversified holding corporation which operates in the communications and media sectors. Through its Cogeco Communications Inc. subsidiary, Cogeco provides its residential and business customers with video, Internet and telephony services through its two-way broadband fibre networks. Cogeco Communications Inc. operates in Canada under the Cogeco Connexion name in Québec and Ontario, and in the United States under the Atlantic Broadband name in western Pennsylvania, south Florida, Maryland/Delaware, South Carolina and eastern Connecticut. Through Cogeco Peer 1, Cogeco Communications Inc. provides its business customers with a suite of information technology services (colocation, network connectivity, hosting, cloud and managed services), through its 16 data centres, extensive FastFiber Network® and more than 50 points of presence in North America and Europe. Through its subsidiary Cogeco Media, Cogeco owns and operates 13 radio stations across most of Québec with complementary radio formats serving a wide range of audiences as well as Cogeco News, its news agency. Cogeco's subordinate voting shares are listed on the Toronto Stock Exchange (TSX: CGO). The subordinate voting shares of Cogeco Communications Inc. are also listed on the Toronto Stock Exchange (TSX: CCA).