Alstom Transport Canada Inc.

Acting for Alstom Transport Canada Inc. in its role as lead member of a consortium that is providing rolling stock, signalling services and operation and maintenance services, as part of the construction and operation of a new automated light rail transit system in the Greater Montréal Area. This $6.3-billion infrastructure project (its original estimated cost) is the largest public transit project undertaken in the province of Québec in the last 50 years.

PSP Investments

Acted for PSP Investments in its strategic initiatives with Pattern Energy Group Inc., including (i) the acquisition of a 9.9% interest in Pattern Energy; (ii) the joint venture between PSP and Pattern Energy to co-invest in various renewable projects; (iii) the joint acquisition with Pattern Energy of a 51% and 49% interest, respectively, in the 179 MW Meikle wind project in British Columbia and the 143 MW Mont Sainte-Marguerite wind project in Québec; and (iv) the acquisition of 49% of the Class B interests held by Pattern in the Panhandle 2 wind project in Texas.

Power Energy Corporation

Acted for Power Energy Corporation, a subsidiary of Power Corporation of Canada, in its investment in the Lion Electric Company.

Power Energy Corporation

Acted for Power Energy Corporation in its acquisition of Nautilus Solar Energy, LLC, a leading U.S. solar developer and asset manager, from management and Virgo Investment Group.

Hydro-Québec

Acted for Hydro-Québec in connection with the development and construction of an electrolyzer facility with a capacity of approximately 90 MW, making it one of the most powerful electrolyzers in the world to produce green hydrogen. 

PSP Investments

Acted for PSP Investments in its acquisition of 49% of the Class B interests held by an affiliate of Pattern Energy Group LP in the 271.4 MW Gulf wind project located in Kenedy County, Texas.

PSP Investments

Acted for PSP Investments in its acquisition, through a joint venture, of a portfolio of 1750 single family rental homes.

PSP Investments

Acted for PSP Investments in its acquisition of 49% of the Class B interests held by an affiliate of Pattern Energy Group LP in the 324.3 MW Broadview wind project located in Curry County, New Mexico, and Deaf Smith County, Texas.

PSP Investments

Acted for PSP Investments in its acquisition of a 49% interest from an affiliate of Pattern Energy Group LP in the 138 MW St. Joseph wind project located in Manitoba.

National Bank of Canada

Acting for National Bank of Canada with its $100-million acquisition of an undeveloped 135,000 square foot property in downtown Montréal and in connection with the C$500-million construction thereon of its new head office in Montréal, the most important new office building development in the city in the past 25 years.

PSP Investments

Acted as lead counsel for PSP Investments in (i) its sale to TCorp of a 49% undivided ownership interest in eight hydroelectric generating facilities located on the Abitibi, Seine, Rainy and Winnipeg rivers in the province of Ontario and the Raft Lake, Kettle Falls and Squirrel Falls control dams and 140 km of transmission lines and control systems for these generating facilities, and (ii) the negotiation of the management and co-ownership agreements between the partners.

PSP Investments

Acted for PSP Investments with its acquisition of a minority interest in the 100 MW Belle River wind farm located near Chatham-Kent, Ontario.

First Capital Realty Inc.

Acting for First Capital Realty Inc. in connection with the redevelopment, in multiple joint ventures, of Centre Commercial Wilderton, a mixed-use project for a major shopping complex in Montréal, which will include commercial spaces, a retirement residence and a residential tower.

National Bank of Canada

Acted for National Bank of Canada with the sale to Kevric of the class-A downtown Montréal building, located in the Quartier International neighbourhood, where the National Bank's head office is currently located.

PSP Investments

Acted for PSP Investments in its acquisition of a 49% Class B interest in the Stillwater Wind Project, an 80 MW operating wind energy project located in Stillwater County, Montana.

Claridge Real Estate Inc.

Acting for Claridge Real Estate Inc. in the acquisition of a 95 acre site in Ottawa (Ontario), and the development thereon of a multi-use project including 647 single family and townhouse lots, a 230 residential project, a school site and public parks, in joint venture with Regional Group and Palomino Capital.

Claridge IC Properties 2, Limited Partnership

Acted for Claridge IC Properties 2, Limited Partnership in the acquisition and redevelopment of an approximately C$50 million residential project in downtown Montreal on an 11,350 square foot property, in joint venture with Omnia Technologies Inc.

First Capital Realty Inc.

Acted for First Capital Realty Inc. in the refinancing with an institutional lender of 5 commercial properties in Montréal and Québec.

Power Energy Eagle Creek, LLP

Acted for a joint venture of Power Energy Corporation, a subsidiary of Power Corporation of Canada, and Claridge Inc. in the sale of their majority interest in Eagle Creek Renewable Energy, LLC, an operator of 63 hydropower facilities in the United States, representing 216 MW of capacity.

Claridge Inc.

Acted for Claridge IC Properties, Limited Partnership, with the development, in its joint venture with Pur Immobilia, of the Lum Pur Fleuve project in Brossard, on Montréal's South Shore.

Novacap Industries III, L.P.

Acted for Novacap Industries III, L.P. in connection with the sale to Arlon Capital Partners of its interest in Idaho Pacific Holdings, Inc. and AgraWest Foods Ltd., manufacturers of dehydrated potato products.

Carbonleo Real Estate Inc.

Acted for Carbonleo Real Estate Inc. in connection with a mixed-use development project on De la Montagne Street in downtown Montréal that features 18 luxurious condos and a Four Seasons luxury hotel with approximately 160 rooms, as well as approximately 25,000 sq.ft. of commercial space. This development project is located next to Holt Renfrew - Ogilvy's luxury store.

Media Experts M.H.S. Inc.

Acted for the shareholders of Media Experts M.H.S. Inc. in connection with a sale of a majority interest to Interpublic Group of Companies Canada, Inc.

Felda Global Ventures Holdings Sdn. Bhd.

Acted for Malaysia's Felda Global Ventures Holdings Sdn. Bhd., one of the largest palm plantation operators in the world, in its sale of eastern Canada's largest oilseed processing plant to Viterra Inc. for $190 million.

Carbonleo Real Estate Inc.

Acting for Carbonleo Real Estate Inc. in connection with the Quartier Royalmount major mixed-use development project at the intersection of Highways 15 and 40 in Town of Mount Royal, in Montréal.

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.

Black Property Holdings L.P.

Acted as counsel to a limited partnership, the direct and indirect partners of which include The Cadillac Fairview Corporation Limited and Ontario Teachers' Pension Plan Board, in connection with a $155-million construction loan by The Toronto-Dominion Bank for the construction of Deloitte Tower, a multi-purpose state-of-the-art tower to be constructed in a historic and high profile part of downtown Montréal, Québec.

TransMontaigne Inc.

Acted as Canadian counsel to TransMontaigne Inc., a US oil pipeline and terminal company, in connection with the sale of Canterm Canadian Terminals Inc., a company with two distribution terminals for the storage and handling of refined products in Montréal and Québec City, to Royal Vopak, the world's largest independent liquid bulk tank storage service by capacity.

The Cadillac Fairview Corporation Limited and Ivanhoé Cambridge (CFIC Pointe-Claire L.P.)

Acted for The Cadillac Fairview Corporation Limited and Ivanhoé Cambridge in connection with their joint venture for the acquisition of a 58-acre real estate property in the City of Pointe-Claire, Québec.

Claridge Inc.

Acted for Claridge Inc. in connection with the sale of its assets of Circle Foods, LLC, a producer of specialty food products, to Tyson Foods, Inc.

Waste Management of Canada Corporation

Acted for WM Québec Inc., an affiliate of Waste Management, Inc., a leading provider of comprehensive waste management services in North America, in connection with the acquisition of the RCI Group, the leading integrated waste management group in the Province of Québec.

Coinamatic Canada Inc.

Acted for the shareholders of Coinamatic Canada Inc. in connection with the sale of the company to Wash Multifamily Laundry Systems, a portfolio company of Chicago-based CHS Capital.

Oxford Properties Retail Limited Partnership and Montez Core Income Fund Limited Partnership

Acted for Oxford Properties Retail Limited Partnership and Montez Core Income Fund Limited Partnership in connection with their $220.25-million acquisition of the Les Promenades de L'Outaouais shopping centre in Gatineau, Québec.

Twin Rivers Technologies - Entreprises de Transformation de Graines Oléagineuses du Québec Inc.

Acted for Twin Rivers Technologies - Entreprises de Transformation de Graines Oléagineuses du Québec Inc., a subsidiary of Felda Global Ventures Holdings Sdn Bhd of Malaysia, in connection with its joint venture with Bunge North America to create Bunge ETGO L.P.

CSX Transportation, Inc.

Acted for CSX Transportation, Inc., one of the largest railway companies in North America, in connection with its development of an intermodal terminal and other infrastructure projects in the Province of Québec.

Sigdo Koppers

Acted as Canadian counsel to Sigdo Koppers, a Chilean industrial engineering conglomerate, in connection with its US$790-million acquisition of Magotteaux Group, a Belgian mining and cement services company.

Novacap Industries III, L.P.

Acted for Novacap Industries III, L.P., a leading Canadian private equity and venture fund, in connection with its US$87-million acquisition of Idaho Pacific Holdings, Inc. and its Canadian and U.S. subsidiaries.

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.

Eurocopter Holding SAS

Acted for Eurocopter Holding SAS, a subsidiary of European Aeronautic Defence and Space Company EADS N.V., in connection with its acquisition of Vector Aerospace Corporation in a transaction valued at $635 million by way of a takeover bid.

Immobilier Carbonleo Inc.

Acted for Société en commandite BB, Nouveau DIX30 II S.E.C. and Immobilier Carbonleo Inc. in the acquisition and financing of a 50% interest in Quartier DIX30 and the transfer of its management to Immobilier Carbonleo Inc.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap TMT IV, L.P. and Novacap International TMT IV, L.P., a $375-million private equity fund in the technology, media and telecommunications (TMT) sector in Canada.

Novacap Management Inc.

Acted for Novacap Management Inc. in connection with the formation and fundraising of Novacap Industries IV, L.P. and Novacap International Industries IV, L.P., a $425-million private equity fund focusing on the industrial and manufacturing sectors, as well as in services, distribution and retail sales platforms. The fund had a $300-million initial closing.

« Deux ans de pandémie : quels lendemains pour l’immobilier commercial? », co-author

May 19, 2022 - Premières en affaires, Spring 2022, p. 42-43
Download this article (in French).

Instructor, John-Molson School of Business and IDU Institut de développement immobilier, Real Estate Management Certification Course, ‘Real Estate Law’; Montréal, QC; February 25-26, 2022

Feb. 25, 2022