August 4, 2009
The Cadillac Fairview Corporation has acquired the Windsor Station complex and other real estate assets from The Canadian Pacific Railway Company. Windsor Station is located at 1160 De la Gauchetiere in downtown Montreal and represents an important heritage property. It was originally built between 1887 and 1889 to serve as both a station and the head office for the Canadian Pacific Railway Company. Subsequent additions were made to the building and surrounding lands between 1900-1906, 1909 -1914 and 1953-1954 to evolve with the needs and times of a growing cosmopolitan city.
Windsor Station currently houses more than 300,000 square feet of leasable office space and serves as an important hub for commuters to access the Montreal underground and Montreal Metro subway system. Its impressive architecture and rich history remain an iconic symbol for the heart of downtown Montreal and a major point of interest in the city’s urban landscape.
Under the ownership and management of Cadillac Fairview, Windsor Station’s historical significance and heritage designation will be fully respected.
This acquisition satisfies Cadillac Fairview’s ongoing strategy to secure best-in-class signature assets in Canadian downtown core locations. Canadian Pacific has made its intentions clear to remain a long-term tenant of the building in this ever evolving part of Montreal. This acquisition reflects a diversification into the Montreal office real estate market for Cadillac Fairview, along with 39 other office buildings across Canada that the company currently owns and/or manages.
The BuzzBuzzHome Team