Latest news with #GroupeHD
Yahoo
4 days ago
- Business
- Yahoo
Groupe HD announces new residential-commercial complex in Saint-Michel, Montreal
Canada-based real estate company Groupe HD, family-owned investment company Kastello Immobilier and private real estate company CPD Immobilier have collaborated to deliver a new residential and commercial complex in Montreal. Currently underway in Montreal's Saint-Michel neighbourhood, the project entails an investment of more than C$150m ($110.5m). The six-storey complex will offer 380 rental units and over 20,000ft² of commercial space. Groupe HD co-president Thomas Dufour said: 'By harnessing the potential of this evolving sector, Groupe HD is once again committed to creating sustainable living environments that align with the transformation of neighbourhoods and the people who live in them." Kastello Immobilier partner and real estate vice-president Mathieu Colette said: "Kastello Immobilier is proud to contribute to the development of a high-quality living environment in a neighbourhood undergoing major change, while also integrating nearly forty affordable housing units." The site's location is in proximity to Frédéric-Back Park, Cirque du Soleil headquarters, and the TOHU. It is also said to be within walking distance of the Saint-Michel metro station, offering access to public transportation, including bus routes, BIXI bike-sharing, and the REV express network. The project is stated to align with the borough's urban planning goals, aiming to bolster the long-term revitalisation of the sector by providing a balanced mix of residential and commercial spaces. Construction Praxis, the construction division of Groupe HD, will undertake the building work set to commence at the end of this year. "Groupe HD announces new residential-commercial complex in Saint-Michel, Montreal" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Groupe HD, Kastello, and CPD Immobilier Launch a New Residential Project in Montreal's Saint-Michel District
MONTRÉAL, June 16, 2025 /CNW/ - Groupe HD, in partnership with Kastello Immobilier and CPD Immobilier, is launching the redevelopment of the site located at 2601 Jarry Street East, in the heart of Montreal's Saint-Michel neighbourhood. The project involves the construction of a six-storey residential complex featuring 380 rental units and more than 20,000 square feet of commercial space. This investment of over $150 million is part of an ongoing revitalization of the area, driven by planned densification and a strong demand for quality, well-served housing. "By harnessing the potential of this evolving sector, Groupe HD is once again committed to creating sustainable living environments that align with the transformation of neighbourhoods and the people who live in them," says Thomas Dufour, Co-President of Groupe HD. Located near Frédéric-Back Park, the Cirque du Soleil headquarters, and the TOHU, the site is also within walking distance of the Saint-Michel metro station. It benefits from a strategic location with excellent access to public transportation (bus, BIXI, REV) and proximity to essential services, including retail, schools, and healthcare facilities. "Kastello Immobilier is proud to contribute to the development of a high-quality living environment in a neighbourhood undergoing major change, while also integrating nearly forty affordable housing units," says Mathieu Colette, Partner and Vice-President of Real Estate at Kastello Immobilier. The project aims to support the long-term revitalization of the sector and offers a mix of residential and commercial uses in line with the borough's urban planning orientations. Construction will be carried out by Construction Praxis, the construction division of Groupe HD. The work is scheduled to begin at the end of 2025. "CPD Immobilier is pleased to partner with Groupe HD and Kastello on this new residential development at 2601 Jarry Street East. This new collaboration marks a significant milestone in our shared commitment to building sustainable, innovative, and human scale living environments," says Alexandra Kau, President of CPD Immobilier. This partnership represents a key moment in the evolution of the Saint-Michel neighbourhood, bringing forward a new residential and commercial offering tailored to the current and future needs of the community. Project Overview Investment: $150 millionDeveloper: Groupe HDFinancial Partners: Kastello Immobilier and CPD ImmobilierLender: Otéra Capital (CDPQ)General Contractor: Construction PraxisArchitects: NEUF Architect(e)s About Groupe HDGroupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in more information: About KastelloKastello is a family-owned investment company with deep expertise in real estate development. It was founded in 2018 by the Fortin family of Couche-Tard fame, a name well known in Québec's business landscape. Its subsidiary, Kastello Immobilier, focuses on residential real estate investment, particularly through acquisitions, joint development with real estate partners, and long-term management of its rental properties. Kastello's portfolio primarily consists of multi-residential buildings held for the long more information: About CPD ImmobilierCPD is a fast-growing private real estate company that develops, acquires, and manages shopping centres in the Greater Montréal area, as well as in Ottawa and Toronto. With over 40 years of experience, CPD began as a retail business before evolving into a real estate developer and investor. Headquartered in Montréal, the company now holds a diversified portfolio. In addition to its commercial real estate expertise, CPD also acts as a real estate family office, strategically investing in multi-residential projects. This long-term, legacy-driven approach allows the company to manage its assets sustainably while fostering steady more information: SOURCE Groupe HD View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
6 days ago
- Business
- Cision Canada
Groupe HD, Kastello, and CPD Immobilier Launch a New Residential Project in Montreal's Saint-Michel District Français
MONTRÉAL, June 16, 2025 /CNW/ - Groupe HD, in partnership with Kastello Immobilier and CPD Immobilier, is launching the redevelopment of the site located at 2601 Jarry Street East, in the heart of Montreal's Saint-Michel neighbourhood. The project involves the construction of a six-storey residential complex featuring 380 rental units and more than 20,000 square feet of commercial space. This investment of over $150 million is part of an ongoing revitalization of the area, driven by planned densification and a strong demand for quality, well-served housing. "By harnessing the potential of this evolving sector, Groupe HD is once again committed to creating sustainable living environments that align with the transformation of neighbourhoods and the people who live in them," says Thomas Dufour, Co-President of Groupe HD. Located near Frédéric-Back Park, the Cirque du Soleil headquarters, and the TOHU, the site is also within walking distance of the Saint-Michel metro station. It benefits from a strategic location with excellent access to public transportation (bus, BIXI, REV) and proximity to essential services, including retail, schools, and healthcare facilities. "Kastello Immobilier is proud to contribute to the development of a high-quality living environment in a neighbourhood undergoing major change, while also integrating nearly forty affordable housing units," says Mathieu Colette, Partner and Vice-President of Real Estate at Kastello Immobilier. The project aims to support the long-term revitalization of the sector and offers a mix of residential and commercial uses in line with the borough's urban planning orientations. Construction will be carried out by Construction Praxis, the construction division of Groupe HD. The work is scheduled to begin at the end of 2025. "CPD Immobilier is pleased to partner with Groupe HD and Kastello on this new residential development at 2601 Jarry Street East. This new collaboration marks a significant milestone in our shared commitment to building sustainable, innovative, and human scale living environments," says Alexandra Kau, President of CPD Immobilier. This partnership represents a key moment in the evolution of the Saint-Michel neighbourhood, bringing forward a new residential and commercial offering tailored to the current and future needs of the community. Project Overview Investment: $150 million Developer: Groupe HD Financial Partners: Kastello Immobilier and CPD Immobilier Lender: Otéra Capital (CDPQ) General Contractor: Construction Praxis Architects: NEUF Architect(e)s About Groupe HD Groupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information: About Kastello Kastello is a family-owned investment company with deep expertise in real estate development. It was founded in 2018 by the Fortin family of Couche-Tard fame, a name well known in Québec's business landscape. Its subsidiary, Kastello Immobilier, focuses on residential real estate investment, particularly through acquisitions, joint development with real estate partners, and long-term management of its rental properties. Kastello's portfolio primarily consists of multi-residential buildings held for the long term. For more information: About CPD Immobilier CPD is a fast-growing private real estate company that develops, acquires, and manages shopping centres in the Greater Montréal area, as well as in Ottawa and Toronto. With over 40 years of experience, CPD began as a retail business before evolving into a real estate developer and investor. Headquartered in Montréal, the company now holds a diversified portfolio. In addition to its commercial real estate expertise, CPD also acts as a real estate family office, strategically investing in multi-residential projects. This long-term, legacy-driven approach allows the company to manage its assets sustainably while fostering steady growth. For more information:
Cision Canada
02-06-2025
- Business
- Cision Canada
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End Français
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. " This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project Overview Investment: $425 million Developer: Groupe HD Financial Partner: Fondaction Lender: Desjardins – Real Estate Financing Group General Contractor: Construction Praxis Architecture & Design: NEUF Architect(e)s Landscape Design: BC2 About Groupe HD Groupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About Fondaction A forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page.
Yahoo
02-06-2025
- Business
- Yahoo
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. "This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project OverviewInvestment: $425 millionDeveloper: Groupe HDFinancial Partner: FondactionLender: Desjardins – Real Estate Financing GroupGeneral Contractor: Construction PraxisArchitecture & Design: NEUF Architect(e)sLandscape Design: BC2 About Groupe HDGroupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About FondactionA forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. SOURCE Groupe HD View original content to download multimedia: Sign in to access your portfolio
