Elias Benhamou

Partner

Elias Benhamou

Elias Benhamou

Partner

Bar Admissions
  • Québec, 1989

Elias provides clients with business-minded advice on commercial real estate acquisitions, joint ventures, developments and financings as well as construction and leasing.

For more than 30 years, Elias has worked on many of Québec’s largest real estate transactions, advising private and institutional real estate owners and developers, as well as major retailers. Highly regarded for his problem-solving abilities, Elias works on complex real estate acquisitions, developments and joint ventures. Borrowers and lenders also trust his legal and business acumen to guide their syndicated lending transactions and their construction and mortgage lending.

Practice coordinator for Montréal’s commercial real estate team, Elias is also chair of the Montréal office’s Opinion Committee for real estate and secured lending. He volunteers with several contemporary art organizations in Montréal, including Phi Foundation for Contemporary Art and Phi Centre.

Elias Benhamou

Partner

Elias provides clients with business-minded advice on commercial real estate acquisitions, joint ventures, developments and financings as well as construction and leasing.

For more than 30 years, Elias has worked on many of Québec’s largest real estate transactions, advising private and institutional real estate owners and developers, as well as major retailers. Highly regarded for his problem-solving abilities, Elias works on complex real estate acquisitions, developments and joint ventures. Borrowers and lenders also trust his legal and business acumen to guide their syndicated lending transactions and their construction and mortgage lending.

Practice coordinator for Montréal’s commercial real estate team, Elias is also chair of the Montréal office’s Opinion Committee for real estate and secured lending. He volunteers with several contemporary art organizations in Montréal, including Phi Foundation for Contemporary Art and Phi Centre.

Kesmat Investments Inc. and Mirlaw Investments Ltd.

Acted for Kesmat Investments Inc. and Mirlaw Investments Ltd. in their sale of a portfolio of eight industrial properties located in the greater Montréal area.

Minto Apartment Real Estate Investment Trust

Acted for Minto Apartment Real Estate Investment Trust in the $281.1-million acquisition and the financing of Le 4300 and Haddon Hall, two high-end multi-residential properties comprising a total of 528 suites located in the attractive neighbourhoods of Westmount and Ville-Marie in downtown Montréal, Québec.

Montoni Group

Acted for Montoni Group in the purchase and the redevelopment of the old Molson brewery on Notre-Dame Street East in Montréal.

Minto Apartment Real Estate Investment Trust

Acted for Minto Apartment Real Estate Investment Trust (REIT) in the $268-million acquisition from Rockhill Apartments Inc. of a multi-residential rental property comprising 1,004 suites in Montréal, Québec. The REIT, which co-acquired the property with Investors Real Property Fund, is the asset and property manager for the co-tenancy and is earning fees for these services.

Alre Properties Inc.

Acted for Alre Properties Inc. in the sale and lease-back transaction for ten Bank of Montreal branches located in Québec and Ontario and acquisition financing related thereof.

Alre Properties Inc.

Acting for Alre Properties Inc. in the development, acquisition and construction financing and the leasing of regional head office for Bank of Montreal in St John's, Newfoundland, with 45,000 square feet of office space, underground parking and 7,500 square feet of retail space.

Alre Properties Inc.

Acted for Alre Properties Inc. in the development, acquisition and construction financing and the leasing of a regional shopping centre in City of Paradise, Newfoundland with over 100,000 square feet of retail leasable area anchored by national food store, gas station and pharmacy.

Alre Properties Inc.

Acted for Alre Properties Inc. in the development, acquisition, construction financing and the leasing of regional head office for Bank of Montreal in Laval, with 60,000 square feet of office space, underground parking and 10,000 square feet of retail space.

Aldo Group Inc., Carttera Management Inc., Sotramont Inc. and LSR GesDev Inc.

Acted for Aldo Group Inc., Carttera Management Inc., Sotramont Inc. and LSR GesDev Inc., in the sale of Arbora Project in Griffintown, Montréal to Oxford Properties Group. Arbora is a unique mixed-use complex made of CLT wood construction.

Airbnb Inc.

Acted for Airbnb Inc. in connection with a joint venture related to the development and construction of an office building in downtown Montréal including an equity participation and the leasing of the building by AirBnb for its new Québec headquarters.

Groupe Montoni / VSL Logistics Hub Limited Partnership

Acted for Groupe Montoni, in partnership with Montez Corporation and Lotus Real Estate Group, in its acquisition of Sears Canada's distribution centre in Montréal's borough of Saint-Laurent, the leaseback to Sears of a 1.6 million sq. ft. portion of the property and the subsequent redevelopment and leasing of the property.

Alre Properties Inc.

Acted for Alre Properties Inc. in connection with the acquisition, and subsequent sale, from the Bank of Montreal of a portfolio of six commercial properties located in Ontario, Québec, Manitoba and Saskatchewan, the leaseback by Bank of Montreal and the mortgage financing of all of these properties by Royal Bank of Canada.

eStruxture Data Centers Inc.

Acted for eStruxture Data Centers Inc. in the acquisition of the former printing house for The Gazette, a building in the borough of Notre-Dame-de-Grâce in Montréal with a floor area of over 150,000 sq. ft. and built on land comprising 500,000 sq. ft.

Jesta Capital Corp.

Acting for Jesta Capital Corp. in connection with the redevelopment of Gare Viger, a historical site in Old Montréal. It is a $300-million project for a fully integrated mixed-use development comprising a 20-floor residential tower; a worldwide branded hotel with over 175 rooms and suites; retail premises on the ground floor; a 10 floor office tower; and an important underground parking facility

Industrial Alliance Insurance and Financial Services Inc.

Acted for Industrial Alliance Insurance and Financial Services Inc. in its sale of the building at 680 Sherbrooke Street West to The Royal Institution for the Advancement of Learning (McGill University).

Grifaldo L.P.

Acted for Grifaldo L.P. in connection with the $82-million secured credit facilities to finance the construction of Arbora Griffintown, a mixed-use complex of over 430 residential condominium and rental apartment units, as well as retail/commercial and underground parking spaces in a prime location in Griffintown, Montréal.

Merrimac Manufacturing Co. Inc.

Acted for Merrimac Manufacturing Co. Inc. and First Lasalle Equities Corporation in connection with the sale and leaseback to Skyline Commercial Real Estate Holding Inc. of five commercial properties located in Saint-Jean-sur-Richelieu, Québec.

Alre Properties Inc.

Acted for Alre Properties Inc. in connection with the sale to Fiera Properties Core Fund LP of a portfolio of nine commercial properties located in Québec and one commercial property located in Ontario.

Bank of Montréal

Acted for Bank of Montréal in connection with Fiera Axium Infrastructure Inc.'s $267-million financing of Montréal Gateway Terminals.

Bank of Montréal

Acted for Bank of Montreal, Canadian Imperial Bank of Commerce, JPMorgan Chase Bank and a syndicate of ten banks in connection with the extension, amendment and increase of Gildan Activewear Inc.'s revolving credit facility to US$1.2 billion.

GENII CAPITAL

Acted as special counsel to a Korean institutional investor consortium led by Hanwha und Kyobo Life Insurance in the acquisition and financing of the Bell Campus project on Nuns' Island, Montréal, Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the $1.527-billion acquisition of a portfolio of 11 shopping centres, three office properties and one industrial property from Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the acquisition of Centre Rockland from Ivanhoé Cambridge for $271,685,000. Davies also represented Cominar in financing the acquisition by way of an unsecured bridge facility of up to $275 million.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company ("Manulife") in a co-venture with Ivanhoé Cambridge Inc. for the acquisition and development of a high-rise office tower downtown Montréal containing approximately 486,000 square feet and in Manulife's leasing of approximately 270,000 square feet in the tower.

Hydro-Québec Pension Fund

Acted for Grifdor Holdings Inc. and Hydro-Québec Pension Fund in connection with the joint venture acquisition of lands and development of over 430 residential condominium units as well as rental housing units and retail commercial spaces in a prime location in Griffintown, Montréal, with LSR Gestdev Inc. and Sotramont Griffintown Inc. as developer and construction manager respectively, valued at $133 million dollars.

Industrial Alliance Insurance and Financial Services Inc.

Acted for Industrial Alliance Insurance and Financial Services Inc. and Hydro-Québec Pension Fund in connection with the acquisition from 2020 University Associates, LP and redevelopment of the 525,000 sq. ft. office tower located at 2020 University Street in Montréal, Québec.

Bank of Montreal, Canadian Imperial Bank of Commerce and JPMorgan Chase Bank

Acted for Bank of Montreal, Canadian Imperial Bank of Commerce and JPMorgan Chase Bank and a syndicate of nine banks in connection with an amended and restated US$800-million revolving credit facility agreement with Gildan Activewear Inc.

Speaking Engagement

Strategic Day on Real Estate and Urban Development Conference, “Multiphase Development Projects – Development of the Tours des Canadiens”; Montréal, QC

Sept. 17, 2019

Speaking Engagement

Strategic Days on Commercial Leasing, “Stratégies lorsque vous perdez un locataire d’ancrage”; Montréal, QC

May 07, 2019

Bulletin

Disclosure of Details About Purchasers of Real Property in Québec

Feb. 14, 2019 - The Québec government plans to require disclosure of the country of residence, citizenship and other information about purchasers of real property in Québec. On February 13, 2019 the draft Regulation respecting the form for presenting an application for registration of a transfer of an...

Speaking Engagement

12th Annual Montréal Real Estate Strategy & Leasing Conference, “Commercial Leasing”; Montréal, QC

Oct. 30, 2018

Speaking Engagement

Moderator, Montréal Real Estate & Urban Development Conference, “Operational Aspects of Mixed-Use Developments”; Montréal, QC

Sept. 17, 2018

Bulletin

Adoption of Bylaw Dealing with Transportation Dues Regarding the REM

Apr. 05, 2018 - The Minister of Transport, Sustainable Mobility and Transport Electrification adopted on April 4, 2018, the By-law respecting transportation dues regarding the Réseau express métropolitain (Bylaw) and Ministerial Order number 2018-03 (Order) concerning the zones under the jurisdiction of...

Bulletin

Partnership Exemption from Québec Transfer Duties

Dec. 21, 2017 - Québec’s Minister of Finance has published Information Bulletin 2017-14 (Bulletin), which addresses the legislative gaps in the Act respecting duties on transfers of immovables (Act) – namely, the absence of an exemption from transfer duties when partnerships take part in transfers of...

Bulletin

Act Respecting the Réseau Électrique Métropolitain Now Passed

Sept. 28, 2017 - Québec’s National Assembly has passed Bill 137, titled An Act respecting the Réseau électrique métropolitain (Act). The purpose of the Act, passed on September 27, 2017, is to facilitate the construction and operation of a new shared transportation infrastructure that was publicly...

Speaking Engagement

“Mixed-use real estate developments and joint ventures”, Journée stratégique sur le développement immobilier et urbain

Sept. 27, 2017

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Québec (Band 1)

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Property Development (2014)

IFLR1000: Guide to the World’s Leading Financial Law Firms—Corporate; Financial

The Canadian Legal Lexpert Directory—Project Finance; Property Development; Property Leasing

Expert Guides—Real Estate

The Best Lawyers in Canada—Banking and Finance Law; Real Estate Law (Lawyer of the Year 2018, Montréal)

Who’s Who Legal: Canada—Real Estate

Bar Admissions

Québec, 1989

Education

McGill University, BCL/LLB, 1988
Bishop’s University, BBA, 1984

Professional Affiliations

International Council of Shopping Centers

Board Memberships

Phi Centre
Urban Development Institute of Québec

Community Involvement

Phi Foundation for Contemporary Art, trustee
Nun’s Island Soccer Club, co-founder

Teaching Engagements

Elias is a speaker and moderator at all major real estate conferences and is a guest lecturer at the McGill Graduate School of Urbanism.

Elias provides clients with business-minded advice on commercial real estate acquisitions, joint ventures, developments and financings as well as construction and leasing.

For more than 30 years, Elias has worked on many of Québec’s largest real estate transactions, advising private and institutional real estate owners and developers, as well as major retailers. Highly regarded for his problem-solving abilities, Elias works on complex real estate acquisitions, developments and joint ventures. Borrowers and lenders also trust his legal and business acumen to guide their syndicated lending transactions and their construction and mortgage lending.

Practice coordinator for Montréal’s commercial real estate team, Elias is also chair of the Montréal office’s Opinion Committee for real estate and secured lending. He volunteers with several contemporary art organizations in Montréal, including Phi Foundation for Contemporary Art and Phi Centre.

Kesmat Investments Inc. and Mirlaw Investments Ltd.

Acted for Kesmat Investments Inc. and Mirlaw Investments Ltd. in their sale of a portfolio of eight industrial properties located in the greater Montréal area.

Minto Apartment Real Estate Investment Trust

Acted for Minto Apartment Real Estate Investment Trust in the $281.1-million acquisition and the financing of Le 4300 and Haddon Hall, two high-end multi-residential properties comprising a total of 528 suites located in the attractive neighbourhoods of Westmount and Ville-Marie in downtown Montréal, Québec.

Montoni Group

Acted for Montoni Group in the purchase and the redevelopment of the old Molson brewery on Notre-Dame Street East in Montréal.

Minto Apartment Real Estate Investment Trust

Acted for Minto Apartment Real Estate Investment Trust (REIT) in the $268-million acquisition from Rockhill Apartments Inc. of a multi-residential rental property comprising 1,004 suites in Montréal, Québec. The REIT, which co-acquired the property with Investors Real Property Fund, is the asset and property manager for the co-tenancy and is earning fees for these services.

Alre Properties Inc.

Acted for Alre Properties Inc. in the sale and lease-back transaction for ten Bank of Montreal branches located in Québec and Ontario and acquisition financing related thereof.

Alre Properties Inc.

Acting for Alre Properties Inc. in the development, acquisition and construction financing and the leasing of regional head office for Bank of Montreal in St John's, Newfoundland, with 45,000 square feet of office space, underground parking and 7,500 square feet of retail space.

Alre Properties Inc.

Acted for Alre Properties Inc. in the development, acquisition and construction financing and the leasing of a regional shopping centre in City of Paradise, Newfoundland with over 100,000 square feet of retail leasable area anchored by national food store, gas station and pharmacy.

Alre Properties Inc.

Acted for Alre Properties Inc. in the development, acquisition, construction financing and the leasing of regional head office for Bank of Montreal in Laval, with 60,000 square feet of office space, underground parking and 10,000 square feet of retail space.

Aldo Group Inc., Carttera Management Inc., Sotramont Inc. and LSR GesDev Inc.

Acted for Aldo Group Inc., Carttera Management Inc., Sotramont Inc. and LSR GesDev Inc., in the sale of Arbora Project in Griffintown, Montréal to Oxford Properties Group. Arbora is a unique mixed-use complex made of CLT wood construction.

Airbnb Inc.

Acted for Airbnb Inc. in connection with a joint venture related to the development and construction of an office building in downtown Montréal including an equity participation and the leasing of the building by AirBnb for its new Québec headquarters.

Groupe Montoni / VSL Logistics Hub Limited Partnership

Acted for Groupe Montoni, in partnership with Montez Corporation and Lotus Real Estate Group, in its acquisition of Sears Canada's distribution centre in Montréal's borough of Saint-Laurent, the leaseback to Sears of a 1.6 million sq. ft. portion of the property and the subsequent redevelopment and leasing of the property.

Alre Properties Inc.

Acted for Alre Properties Inc. in connection with the acquisition, and subsequent sale, from the Bank of Montreal of a portfolio of six commercial properties located in Ontario, Québec, Manitoba and Saskatchewan, the leaseback by Bank of Montreal and the mortgage financing of all of these properties by Royal Bank of Canada.

eStruxture Data Centers Inc.

Acted for eStruxture Data Centers Inc. in the acquisition of the former printing house for The Gazette, a building in the borough of Notre-Dame-de-Grâce in Montréal with a floor area of over 150,000 sq. ft. and built on land comprising 500,000 sq. ft.

Jesta Capital Corp.

Acting for Jesta Capital Corp. in connection with the redevelopment of Gare Viger, a historical site in Old Montréal. It is a $300-million project for a fully integrated mixed-use development comprising a 20-floor residential tower; a worldwide branded hotel with over 175 rooms and suites; retail premises on the ground floor; a 10 floor office tower; and an important underground parking facility

Industrial Alliance Insurance and Financial Services Inc.

Acted for Industrial Alliance Insurance and Financial Services Inc. in its sale of the building at 680 Sherbrooke Street West to The Royal Institution for the Advancement of Learning (McGill University).

Grifaldo L.P.

Acted for Grifaldo L.P. in connection with the $82-million secured credit facilities to finance the construction of Arbora Griffintown, a mixed-use complex of over 430 residential condominium and rental apartment units, as well as retail/commercial and underground parking spaces in a prime location in Griffintown, Montréal.

Merrimac Manufacturing Co. Inc.

Acted for Merrimac Manufacturing Co. Inc. and First Lasalle Equities Corporation in connection with the sale and leaseback to Skyline Commercial Real Estate Holding Inc. of five commercial properties located in Saint-Jean-sur-Richelieu, Québec.

Alre Properties Inc.

Acted for Alre Properties Inc. in connection with the sale to Fiera Properties Core Fund LP of a portfolio of nine commercial properties located in Québec and one commercial property located in Ontario.

Bank of Montréal

Acted for Bank of Montréal in connection with Fiera Axium Infrastructure Inc.'s $267-million financing of Montréal Gateway Terminals.

Bank of Montréal

Acted for Bank of Montreal, Canadian Imperial Bank of Commerce, JPMorgan Chase Bank and a syndicate of ten banks in connection with the extension, amendment and increase of Gildan Activewear Inc.'s revolving credit facility to US$1.2 billion.

GENII CAPITAL

Acted as special counsel to a Korean institutional investor consortium led by Hanwha und Kyobo Life Insurance in the acquisition and financing of the Bell Campus project on Nuns' Island, Montréal, Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the $1.527-billion acquisition of a portfolio of 11 shopping centres, three office properties and one industrial property from Ivanhoé Cambridge, the real estate subsidiary of the Caisse de dépôt et placement du Québec.

Cominar Real Estate Investment Trust

Acted for Cominar Real Estate Investment Trust in connection with the acquisition of Centre Rockland from Ivanhoé Cambridge for $271,685,000. Davies also represented Cominar in financing the acquisition by way of an unsecured bridge facility of up to $275 million.

The Manufacturers Life Insurance Company

Acted for The Manufacturers Life Insurance Company ("Manulife") in a co-venture with Ivanhoé Cambridge Inc. for the acquisition and development of a high-rise office tower downtown Montréal containing approximately 486,000 square feet and in Manulife's leasing of approximately 270,000 square feet in the tower.

Hydro-Québec Pension Fund

Acted for Grifdor Holdings Inc. and Hydro-Québec Pension Fund in connection with the joint venture acquisition of lands and development of over 430 residential condominium units as well as rental housing units and retail commercial spaces in a prime location in Griffintown, Montréal, with LSR Gestdev Inc. and Sotramont Griffintown Inc. as developer and construction manager respectively, valued at $133 million dollars.

Industrial Alliance Insurance and Financial Services Inc.

Acted for Industrial Alliance Insurance and Financial Services Inc. and Hydro-Québec Pension Fund in connection with the acquisition from 2020 University Associates, LP and redevelopment of the 525,000 sq. ft. office tower located at 2020 University Street in Montréal, Québec.

Bank of Montreal, Canadian Imperial Bank of Commerce and JPMorgan Chase Bank

Acted for Bank of Montreal, Canadian Imperial Bank of Commerce and JPMorgan Chase Bank and a syndicate of nine banks in connection with an amended and restated US$800-million revolving credit facility agreement with Gildan Activewear Inc.

Speaking Engagement

Strategic Day on Real Estate and Urban Development Conference, “Multiphase Development Projects – Development of the Tours des Canadiens”; Montréal, QC

Sept. 17, 2019

Speaking Engagement

Strategic Days on Commercial Leasing, “Stratégies lorsque vous perdez un locataire d’ancrage”; Montréal, QC

May 07, 2019

Bulletin

Disclosure of Details About Purchasers of Real Property in Québec

Feb. 14, 2019 - The Québec government plans to require disclosure of the country of residence, citizenship and other information about purchasers of real property in Québec. On February 13, 2019 the draft Regulation respecting the form for presenting an application for registration of a transfer of an...

Speaking Engagement

12th Annual Montréal Real Estate Strategy & Leasing Conference, “Commercial Leasing”; Montréal, QC

Oct. 30, 2018

Speaking Engagement

Moderator, Montréal Real Estate & Urban Development Conference, “Operational Aspects of Mixed-Use Developments”; Montréal, QC

Sept. 17, 2018

Bulletin

Adoption of Bylaw Dealing with Transportation Dues Regarding the REM

Apr. 05, 2018 - The Minister of Transport, Sustainable Mobility and Transport Electrification adopted on April 4, 2018, the By-law respecting transportation dues regarding the Réseau express métropolitain (Bylaw) and Ministerial Order number 2018-03 (Order) concerning the zones under the jurisdiction of...

Bulletin

Partnership Exemption from Québec Transfer Duties

Dec. 21, 2017 - Québec’s Minister of Finance has published Information Bulletin 2017-14 (Bulletin), which addresses the legislative gaps in the Act respecting duties on transfers of immovables (Act) – namely, the absence of an exemption from transfer duties when partnerships take part in transfers of...

Bulletin

Act Respecting the Réseau Électrique Métropolitain Now Passed

Sept. 28, 2017 - Québec’s National Assembly has passed Bill 137, titled An Act respecting the Réseau électrique métropolitain (Act). The purpose of the Act, passed on September 27, 2017, is to facilitate the construction and operation of a new shared transportation infrastructure that was publicly...

Speaking Engagement

“Mixed-use real estate developments and joint ventures”, Journée stratégique sur le développement immobilier et urbain

Sept. 27, 2017

Chambers Canada: Canada’s Leading Lawyers for Business—Real Estate: Québec (Band 1)

The Lexpert/American Lawyer Guide to the Leading 500 Lawyers in Canada—Property Development (2014)

IFLR1000: Guide to the World’s Leading Financial Law Firms—Corporate; Financial

The Canadian Legal Lexpert Directory—Project Finance; Property Development; Property Leasing

Expert Guides—Real Estate

The Best Lawyers in Canada—Banking and Finance Law; Real Estate Law (Lawyer of the Year 2018, Montréal)

Who’s Who Legal: Canada—Real Estate

Bar Admissions

Québec, 1989

Education

McGill University, BCL/LLB, 1988
Bishop’s University, BBA, 1984

Professional Affiliations

International Council of Shopping Centers

Board Memberships

Phi Centre
Urban Development Institute of Québec

Community Involvement

Phi Foundation for Contemporary Art, trustee
Nun’s Island Soccer Club, co-founder

Teaching Engagements

Elias is a speaker and moderator at all major real estate conferences and is a guest lecturer at the McGill Graduate School of Urbanism.