SITQ Sells Côte-Vertu Portfolio

On September 2, 2004, SITQ National Inc. and its subsidiaries completed the sale of the Côte-Vertu portfolio in Montreal, in favour of subsidiary companies 100 per cent owned by the Alexis Nihon REIT, for a sale price of approximately $54 million. The portfolio is comprised of two office properties, one flex building and five retail buildings.

The purchaser was represented for acquisition purposes by Neil Stein of Stein & Stein Inc.

SITQ was represented by in-house counsel, Claude Molleur, and assisted for sale purposes by Pierre Setlakwe, Barbara Farina and Robert Béland of Fraser Milner Casgrain.