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Cadillac Fairview begins construction of Deloitte tower

Ground breaking ceremony kicks off Cadillac Fairview’s $2 billion plan to redevelop lands surrounding the Bell Centre

Montreal, April 2, 2013—The Cadillac Fairview Corporation Limited hosted a ground breaking ceremony for Deloitte Tower, the city’s first, new, privately-owned and financed commercial office tower to be built in more than 20 years. The ceremony marked the launch of Cadillac Fairview’s $2 billion multi-year plan to redevelop a prime sector of downtown Montreal.

“Cadillac Fairview is committed to investing in the long-term future of Montreal. Over the course of the next 15 years, Cadillac Fairview plans to invest up to $2 billion to transform the area surrounding the Bell Centre, including $200 million to build Deloitte Tower, a key component in our redevelopment plan. Deloitte Tower will be recognized as a state-of-the-art, green, contemporary, collaborative workplace. Our commitment to Montreal business leaders is to establish an international reputation for Deloitte Tower,” said John Sullivan, President and Chief Executive Officer, Cadillac Fairview.

Deloitte Tower will comprise 495,000 square feet of office space and 20,000 square feet of retail space. Typical floor size will be approximately 22,300 square feet. One of Canada's leading professional services firms, Deloitte, will be the anchor tenant, occupying almost a third of the available space (160,000 square feet).

“Since we opened our first Canadian office in 1858, we have been proud members of the Montreal business community. It’s an exciting time for the city and we’re honoured to be a part of this new landmark, the first new building of this scale in more than 20 years,” said Frank Vettese, Managing Partner and Chief Executive of Deloitte in Canada. “This leading-edge office building aligns with our commitment to sustainability, innovation and collaboration. We look forward to making Deloitte Tower our new home in Montreal.”

Deloitte Tower: Rising to the World Standard
Located on Avenue des Canadiens-de-Montréal, the 26-storey Deloitte Tower will rise 436 feet between two Montreal landmarks, the Bell Centre and the heritage-designated Windsor Station.

“Globally, business leaders are demanding space that is more flexible, more comfortable, more efficient and more sustainable. A new world standard is emerging, and in Montreal, it can be found at Deloitte Tower. This is a building designed not just for work, but for success,” said Salvatore Iacono, Senior Vice President, Development and Portfolio Management, Eastern Canada Portfolio, Cadillac Fairview.

Deloitte Tower’s location is ideal. Linked directly to the city’s underground network as well as Lucien-L’Allier and Bonaventure metro stations, and within easy walking distance of the city’s main commuter hubs, Gare Lucien-L’Allier and Gare Centrale, and the South Shore Transit downtown bus terminal, the site is also easily accessible from Autoroutes 10 and 720.

Primary pedestrian access to the tower will be at the courtyard level located on Avenue des Canadiens-de-Montréal. Deloitte Tower’s urban layout was carefully designed. A renovated public courtyard will feature extensive landscaping, seating and a reflecting pool in fair weather, skating rink in the winter. A soaring glass, metal and stone lobby will integrate elements of a nineteenth-century heritage rail shed. The courtyard level will also feature a restaurant suitable for fine dining and business events.

The Saint-Antoine Street ground-level entrance will be designed for vehicular access to the building with parking entrance and passenger drop-off. Deloitte Tower will include three levels of climate-controlled parking comprising 232 parking spaces and eight recharging stations for electric vehicles. Also located on this level are 188 climate-controlled bicycle parking spaces with adjoining shower facilities and change rooms, a secondary lobby and two retail outlets.

Deloitte Tower will be Montreal’s first LEED® Platinum (CS) office development. State-of-the-art infrastructures at Deloitte Tower substantially mitigate the risk of unforeseen escalations in operating costs that is prevalent with older buildings. Deloitte Tower also offers a measure of protection from rising energy costs as a result of high-tech systems that reduce consumption by 30-40% versus a conventional office tower. Post-construction, Deloitte Tower will participate in Cadillac Fairview’s nationwide Green At Work® program that tracks energy use, water consumption and waste diversion, establishing reduction targets for each year.

Cadillac Fairview partnered with world-renowned architectural firm Kohn Pedersen Fox Associates (KPF). KPF joined forces with B+H Architects and Montreal-based Lemay Associés. The team brilliantly designed Deloitte Tower, ensuring it would weave into the environmental fabric of Montreal, while having a strong presence and unique personality.

“While basically square in plan, the tower massing is split in the north-south direction to create more elegantly proportioned volumes that respond to Montreal’s urban grain. The tower forms are sculpted with large facets and angled tops to produce a distinctive and recognizable urban presence, and to create a contemporary backdrop to the Windsor Station courtyard,” said Josh Chaiken, Kohn Pedersen Fox Associates Design’s Principal.

Deloitte Tower is scheduled to open in Summer 2015. For more information, please visit deloittetower.ca.


About Cadillac Fairview

The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years, Cadillac Fairview has been leading the way in commercial real estate with innovative design, development and management.

Cadillac Fairview focuses on developing and managing high-quality office properties and regional shopping centres in Canada and the United States, as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $21 billion, Cadillac Fairview and its affiliates own and manage nearly 46 million square feet of leasable space at 79 properties across North America, including some of Canada's landmark developments, such as Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre, Chinook Centre and the Montreal Fashion Centres (Carrefour Laval, Galeries d’Anjou, Promenades St-Bruno and Fairview Pointe Claire).

About Deloitte

Deloitte, one of Canada's leading professional services firms, provides audit, tax, consulting and financial advisory services. Deloitte LLP, an Ontario limited liability partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte operates in Quebec as Deloitte s.e.n.c.r.l., a Quebec limited liability partnership.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

About Kohn Pedersen Fox Associates

Kohn Pedersen Fox Associates (KPF) is one of the world’s pre-eminent architecture firms, providing architecture, interior, programming and master planning services for clients in both the public and private sectors. Operating as one firm with six global offices, KPF is led by 23 Principals and 19 Directors. The firm’s 600+ staff members come from 43 different countries, speak more than 30 languages and include over 80 LEED®-accredited professionals.

KPF’s diverse portfolio, which features over 70 projects certified or pursuing green building certification, comprises corporate, hospitality, residential, academic, civic, transportation and mixed-use projects located in more than 35 countries.


INFORMATION:

Marc Poisson T 514-616-7691

Geneviève Hinse T 514-894-4166