AD-AM Limited Partnership, acting through its nominee, AD-AM Drummond Building Inc., purchased the 2100 Drummond office building and related property from the Standard Life Assurance Company. 2100 Drummond, a neighbour of the Ritz-Carlton Hotel in downtown Montreal, is entirely occupied by Cossette Communication Group Inc. AD-AM Limited Partnership is owned by Adgar Investments and Development Ltd. of Israel and by Amcor Holdings Inc. of Montreal. The deal closed on October 19, 2001 and its value is confidential.
Josée Gravel and Valérie Mac-Seing of Stikeman Elliott’s Montreal office acted for the purchaser in the acquisition and the financing of the property. The Standard Life Assurance Company, as vendor and hypothecary creditor, was represented by Catherine Arnott, in-house counsel, and by Brian Cornish of de Grandpré Chait.