CPR Sells Site of Montreal\'s Future Superhospital

On June 29, 2001, Canadian Pacific Railway (CPR) finalized the sale of Glen Yards (a 17-hectare property located in west Montreal) to Corporation d’hébergement du Québec (CHQ), a Quebec crown corporation, for $18 million. Glen Yards will be the site of Montreal’s superhospital, to be built at an estimated cost of $1.2 billion. The superhospital will replace five hospitals affiliated with McGill university: Montreal General Hospital, Montreal Children’s Hospital, Montreal Neurological Hospital, Montreal Chest Institute and Royal Victoria Hospital.

CPR was represented by in-house counsel Jean Claude Paré, who was assisted by a team from the Montreal office of Fasken Martineau DuMoulin LLP, which included François Brissette, Richard J. Clare and also Charles Kazaz, who advised CPR in relation to certain environmental aspects.

The purchaser, CHQ, was represented by Pierre Cadotte of Lavery, de Billy. Sylvie Bouvette of Borden Ladner Gervais was responsible for title matters.