Davies

Elias Benhamou

Elias Benhamou is a senior partner in the Commercial Real Estate and Banking practices. His practice focuses principally on commercial real estate acquisitions, joint ventures, project financing, development, construction and leasing on behalf of real estate owners, investors and developers, as well as on secured (syndicated) lending and construction and mortgage lending on behalf of borrowers and lenders. The balance of his practice consists of diverse commercial transactions such as joint ventures, private mergers and acquisitions. In addition, he is the coordinator of the Montréal office’s Commercial Real Estate/Secured Lending practice and chairs the firm’s Montréal committees on opinions and space planning.

Representative Work

  • 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.

  • 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.

  • 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.

  • Acted for Canadian Tire Corporation and Canadian Tire Real Estate Limited in connection with the structure of the newly created CT REIT and the transfer of the properties located in Québec with a value of approximately $875 million into CT REIT.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Acted for Industrial Alliance Insurance and Financial Services Inc. in connection with the acquisition from Fonds immobilier de solidarité FTQ of a 50% interest in the Place Québec immovable complex located at 900 and 1050 René-Lévesque boulevard East and 880 Honoré-Mercier in Québec City, and in connection with a mixed-use development project comprising commercial and office spaces and residential condominium units.

  • Acted for private investors in connection with the ownership restructuring, investment and continued development of Quartier DIX30, one of the largest life style retail centres in Canada.

  • Acted for Hydro-Québec Pension Fund in connection with its investment in a joint venture with Balboa Land Investments Inc. and Broccolini for the acquisition and development of one of the largest fully serviced industrial development sites in suburban Montréal.

  • 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.

  • Acted for private investors in connection with their lead investment in a large 35 story residential condominium development at Redpath and Roehampton in midtown Toronto, Ontario.

  • Acted for Jesta Capital Corp. in connection with its acquisition and financing of the Marriott Residence Inn Montreal Downtown, a four-star hotel located on Peel Street on the upper west side of downtown Montréal, Québec.

  • Acted for Jesta Capital Corp. with respect to its acquisition and redevelopment, in association with Pur Immobilia, of the Viger station in the east end of Old Montréal, Québec.

  • Acting for Canadian Tire Real Estate Limited in connection with all its acquisitions, dispositions, leasing and development of properties in the province of Québec.

  • 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.

  • Acting 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.

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Recognition

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  • Recognized in Chambers Canada in Real Estate: Québec.
  • Recognized in The Canadian Legal Lexpert Directory as consistently recommended in the area of Property Development and repeatedly recommended in the area of Property Leasing.
  • Consistently listed in the area of Real Estate Law in The Best Lawyers in Canada.
  • Recognized in Who's Who Legal Canada: Banking as a leading business law practitioner.

Professional Affiliations

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Member, Board of Directors, Urban Development Institute of Québec (IDU)

Member, International Council of Shopping Centers (ICSC)

Board Memberships

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  • Member, Board of Directors, Urban Development Institute of Québec (IDU)
  • Board Member of Phi Center

Community Involvement

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  • Co-founder, Nun’s Island Soccer Club
  • Trustee, DHC/Art Foundation for Contemporary Art

Teaching Engagements

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Speaking Engagements

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Elias is often called upon as a lecturer and panelist in the area of Commercial Real Estate.

Articles and Publications

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Elias Benhamou
Elias Benhamou
Partner
Office:
Montréal
Tel:
514.841.6427
Email:
ebenhamou@dwpv.com
Bar Admissions:

Québec, 1989

Education:

McGill University, B.C.L./LL.B., 1988

Bishop's University, B.B.A., 1984