MONTRÉAL — Real estate company Galion has announced the completion of the largest transaction in its history with the acquisition of five RONA and RONA L’Entrepôt stores located on Montréal’s South Shore, for an amount exceeding $100 million.
The acquired properties are located in Saint-Bruno-de-Montarville, Brossard, Granby, Beloeil and Saint-Hyacinthe and in all adds 620,000 square feet to its portfolio, explains a release.
Following this transaction, Galion’s real estate portfolio now includes 73 properties across Québec with its assets now approaching $1 billion.
The company’s portfolio includes office space, retail space, light industrial properties, and gas stations.
This latest acquisition “strengthens Galion’s presence on the South Shore, where it owns other properties, notably in Brossard with the Jonxion project completed a few years ago, located at the corner of Lapinière and du Quartier boulevards.”
This complex of four office towers totals nearly 500,000 square feet.
