Canderel’s property management services team expands on its mission to provide unparalleled value.
Starting on January 1, 2022, iA Financial Group (iA)—one of Canada’s largest insurance and wealth management groups—will entrust Canderel with the operational management, leasing and maintenance of its Québec province real estate portfolio.
Further proof of Canderel’s achievements as a property management service provider, this strategic alliance also represents an excellent opportunity to expand our services in Québec City and eastern parts of the belle province.
Overview A strategic partnership in the real estate investment sector.
By the numbers
16 properties, including heritage buildings
2 most important cities in Québec
4.5M
sf in real
estate assets
Assets
Key Dates
January 1, 2021
First iA x Canderel property management collaboration: iA’s 522, University Avenue building, in Toronto.
October 19, 2021
Announcement of the real estate asset management partnership for 11 iA properties in Québec City and 5 others in Montréal.
January 1, 2022
Partnership takes effect and +/- 90 real estate asset management employees from iA Financial Group officially join the Canderel family.
Media Coverage & Press Release
Announcement
North Amercian business and finance media outlets cover the partnership announcement.
Invested in coast to coast.
Canderel’s track record in major Canadian cities across the country reflects our expertise in value creation, performance optimization and return on investment.
By entrusting us with managing and operating iA Financial Group’s Québec properties—including renowned heritage buildings—not only are iA’s decision-makers honouring our team’s hard work, they’re also inviting us to raise the bar even higher.
iA Financial Group’s experts joining the Canderel family will grow our employee count to nearly 700 across the country. Beyond the numbers, their arrival reaffirms our commitment to provide our clients with Canada’s top real estate talent expertise.
We’ve been looking to extend Canderel’s services to Québec City for several years. The partnership with iA Financial Group allows us to realize this vision, with a new Canderel office in Québec City and new growth opportunities in the eastern parts of the province.
To this day, the Canderel team has executed
$19B/70M sf
in acquisitions, developments and management projects.