BCE Inc., through its subsidiary, TeleReal Inc., and The Cadillac Fairview Corporation Limited, through a partnership, Cadillac Fairview-Shafter Properties G.P., sold, on June 19, 2002, their respective 50 per cent interest in the office tower of Place Montréal Trust, a cornerstone of McGill College Avenue in Montreal, to an investor group headed by the Redbourne Properties Group of Montreal. The value of the transaction is undisclosed.
Peter Coughlin, president, Redbourne Properties, led the negotiations on behalf of Redbourne, assisted by vice-presidents Norman Spencer and André Shareck. Redbourne sought advice from Davies Ward Phillips & Vineberg LLP, with a team comprising Robert Vineberg, Robert Abrams, Alan Shragie, Michel Pelletier, Claude Jodoin, Janet Ferrier, Mark Katz, Louise Patry, Frec Purkey, Sébastien Savage, Simon Lockie and David Lallouz.
Amongst the investors of the investor group were the Centurian Group and the Fishman Group, in New York and Israel respectively, both represented by John Sullivan of McCarthy Tétrault LLP. The pension fund of Société de Transport de Montréal and Kevlar Montreal Trust L.P. was represented by Viateur Chénard of Stikeman Elliott.
BCE was represented in-house by Jim Leung, senior director, BCE Ventures, assisted by Patricia Olah, vice-president, corporate affairs, and by Ogilvy Renault with a team composed of John O’Connor, Miguel Manzano and Nicolas Labrecque.
Phil Runions, vice-president, led the negotiations on behalf of Cadillac, assisted by Sandra Hardy, vice-president, and by Goodmans LLP with a team headed by Andrew Wiseman and assisted by Ira Berg, and Richard Clare of Fasken Martineau DuMoulin LLP.
Financing for the acquisition was provided by Canadian Imperial Bank of Commerce and The Bank of Nova Scotia as joint lenders. The lenders were represented by Lawrence Yelin, assisted by Felix Gutierrez, both of Fasken Martineau DuMoulin.
Peter Coughlin, president, Redbourne Properties, led the negotiations on behalf of Redbourne, assisted by vice-presidents Norman Spencer and André Shareck. Redbourne sought advice from Davies Ward Phillips & Vineberg LLP, with a team comprising Robert Vineberg, Robert Abrams, Alan Shragie, Michel Pelletier, Claude Jodoin, Janet Ferrier, Mark Katz, Louise Patry, Frec Purkey, Sébastien Savage, Simon Lockie and David Lallouz.
Amongst the investors of the investor group were the Centurian Group and the Fishman Group, in New York and Israel respectively, both represented by John Sullivan of McCarthy Tétrault LLP. The pension fund of Société de Transport de Montréal and Kevlar Montreal Trust L.P. was represented by Viateur Chénard of Stikeman Elliott.
BCE was represented in-house by Jim Leung, senior director, BCE Ventures, assisted by Patricia Olah, vice-president, corporate affairs, and by Ogilvy Renault with a team composed of John O’Connor, Miguel Manzano and Nicolas Labrecque.
Phil Runions, vice-president, led the negotiations on behalf of Cadillac, assisted by Sandra Hardy, vice-president, and by Goodmans LLP with a team headed by Andrew Wiseman and assisted by Ira Berg, and Richard Clare of Fasken Martineau DuMoulin LLP.
Financing for the acquisition was provided by Canadian Imperial Bank of Commerce and The Bank of Nova Scotia as joint lenders. The lenders were represented by Lawrence Yelin, assisted by Felix Gutierrez, both of Fasken Martineau DuMoulin.
