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Contrecoeur's Cité 3000 Announces Its First Commercial Project: A Canac Hardware Store that Will Create 100 Jobs

CONTRECOEUR, QC, Oct. 6, 2017 /CNW Telbec/ - Grilli Samuel Consortium Immobilier and the Fonds immobilier de solidarité FTQ today announced the arrival of the hardware and construction materials chain Canac, which will set up shop in the first commercial building of Cité 3000 in Contrecoeur. On hand for the announcement were Yves H. Samuel, President of Grilli Samuel Consortium Immobilier, Guy Poulin, Vice-president, Asset Management, at the Fonds immobilier de solidarité FTQ, and Suzanne Dansereau, Mayor of Contrecoeur and prefect of the Marguerite D'Youville RCM.

Yves Samuel (Grilli Samuel Consortium Immobilier), Mayor Suzanne Dansereau (City of Contrecoeur), and Guy Poulin (Fonds immobilier de solidarité FTQ) - (Louis-Étienne Doré, photographer) (CNW Group/Fonds de solidarité FTQ)

Canac has purchased a 370,000 ft2 lot on which it will begin construction in 2019 of a $6 million warehouse-store that will consist of 40,000 ft2 of retail space and 30,000 ft2 of warehouse space.

In November 2015, the Fonds immobilier de solidarité FTQ and contractor Grilli Samuel Consortium Immobilier announced a partnership agreement for the acquisition of 4.3 million square feet of land in the city of Contrecoeur. The industrial hub ? Technopole Contrecoeur ? accounts for 40% of the project's buildings. The land is located along the Saint-Lawrence River, the CN rail line, the Gaz Métro network and Route 132. It consists of 2.3 million square feet of land divided into about 15 lots slated for the construction of value-added warehouses and distribution centres capable of handling large volumes. The commercial hub ? Cité 3000 ? is located near Autoroute 30 and consists of 2 million square feet of land on which commercial buildings will be erected along with a highway service area.


"We are pleased to announce the arrival of Canac, a key player in the retail sector, in Contrecoeur's Cité 3000. This is a major partner that has chosen to focus on the metropolitan region for its strategic development and we are confident that its arrival will have a ripple effect and attract other players from the retail, hotel, financial and restaurant industries."
Yves H. Samuel, President, Grilli Samuel Consortium Immobilier

"The Cité 3000 project is an extremely important part of Québec's maritime strategy, which calls for the development of the Contrecoeur-Varennes industrial port zone. With the development of this important commercial hub, which will take several years, we are participating in the region's economic development and creating hundreds of jobs, an ongoing objective for us. With the arrival of Canac, 100 recurring jobs will be created as of 2019."
Normand Bélanger, President and CEO, Fonds immobilier de solidarité FTQ

For her part, Contrecoeur mayor Suzanne Dansereau welcomes this announcement confirming Canac's arrival. "This investment will contribute to the city's commercial growth. I am convinced that this is the beginning of a series of investments that will soon be announced for Cité 3000, which is part of the industrial port zone. I would like to thank Grilli Samuel Consortium Immobilier and the Fonds immobilier de solidarité FTQ as well as Canac for contributing to our city's vitality."

About Canac
Canac - the first independent hardware and construction materials chain from the Québec City region - is the product of over 140 years of experience. This large company offering over 20,000 products has stood out from its competitors by offering personalized customer service and competitive prices. Today, Canac consists of 25 stores and employs over 3,000 trained and qualified employees thanks to its accredited Training Centre. www.canac.ca

About Grilli Samuel Consortium Immobilier
Grilli Samuel Consortium Immobilier is a multidisciplinary firm specializing in residential, commercial and industrial development in the Montréal and Québec City areas. Grilli Samuel is recognized for its in-depth knowledge of the real estate market, for delivering quality projects and for using a personalized approach.  www.grillisamuel.com

About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec, and is a member of the Canada Green Building Council. Visit www.fondsimmobilierftq.com


SOURCE Fonds de solidarité FTQ

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