On March 27, 2018, Bentall Kennedy announced the acquisition of two office buildings, on behalf of Sun Life Financial, from Mile-End Investments Inc., an affiliate of Kevric Real Estate Corporation Inc. (Kevric). In July 2012, Kevric acquired 7250 and 7450 rue du Mile End, which it has since successfully redeveloped into loft-style office space with large open spaces and tremendous views. They are well-positioned to serve a growing technology and innovation sector in Montréal, and their acquisition adds almost 400,000 square feet of office space to Sun Life Financial's portfolio in Québec. The properties are within walking distance of three Metro subway stations, and occupy a prime location at the border of the Mile Ex and Mile End neighborhoods in midtown Montréal.
Kevric Real Estate Corporation Inc. is a Montréal-based real estate developer and investment corporation that owns several properties, primarily in Montréal, Toronto, and the Ottawa-Gatineau national capital district.
Bentall Kennedy, a Sun Life Investment Management company, is a global real estate investment advisor and provider of real estate services. It specializes in investments in office, retail, industrial, and apartment properties.
Sébastien Savage from Osler, Hoskin and Harcourt LLP acted as counsel to Mile-End Investments Inc.