Purchase of the MAA building by Devimco Immobilie

Gascon would like to congratulate Devimco Immobilier, a leader in real estate development in Montréal, for the acquisition of the building located in the iconic neighbourhood of the Golden Square Mile in Montréal, where the prestigious MAA Sports Club is established. Devimco Immobilier intends to build a major real estate project located on Peel Street valued at $150 million, consisting of more than 300 residential units spread over 33 floors, of which 45,000 square feet will be allocated to the MAA Sports Club, the whole in the spirit of revitalizing the sports club.

As part of this $30 million transaction, Jean Proulx and Louise Bouchard had the privilege to assist and advise Devimco Immobilier in the preparation and negotiation of the offer to purchase and in the finalization of the sale.