Industrial Alliance and Partner Acquire Montréal Office Tower

On March 15, 2011, Industrial Alliance Insurance and Financial Services Inc. and a major financial partner each acquired a 50 per cent interest from 2020 University GP Inc. in the building located at 2020 University Street in Montréal, Québec. The building is a 26-storey Class A office tower comprising more than 355,000 square feet of office space and over 100,000 square feet of retail space and is located in the heart of the business district. The value of the acquisition was confidential.

Industrial Alliance was represented internally by Marie-Annick Bonneau from its Legal Department and by a team at Davies Ward Phillips & Vineberg LLP composed of Elias Benhamou, Anthony Arquin and Florence Simard.

2020 University GP Inc. was represented internally by Joëlle Sebag of Canderel and Michael Garonce and Philipp Duffy of McMillan LLP.

Industrial Alliance's financial partner was represented by former partner James Papadimitriou of Blake, Cassels & Graydon LLP.