Broccolini Announces a Major Partnership for the Redevelopment of the Centre Kirkland

MONTREAL, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Broccolini Real Estate Group is announcing a major partnership with RioCan Real Estate Investment Trust for the redevelopment of the RioCan Centre Kirkland and the surrounding area, in light of the upcoming arrival of the REM in the West Island and of the future Kirkland REM station. This new project will consist of the complete revitalization of the site through the addition of new buildings that will make better use of the available space and propose a diversified offering of commercial, office and residential uses.

This represents a long-term commitment for Broccolini who will be responsible for the design and construction of the project and will then take over the management of the office spaces and handle the marketing of the residential component. Broccolini's partner RioCan will be responsible for the property management of the retail/residential components. Once complete, the joint project between Broccolini and RioCan will include approximately 240,000 sq. ft. of office space and 135,000 sq. ft. of commercial space, to which will be added the residential component.

"This multi-phase project will be developed in close collaboration with the community and with the municipal authorities of the City of Kirkland," says Roger Plamondon, President of the Broccolini Real Estate Group. "Our goal is to facilitate access to the REM by increasing the residential offering in this area, which will be adjacent to the new Kirkland station. The best way to achieve this is to design a project that meets the needs of the community, both in terms of density and mix of uses," explains Plamondon. According to the current projections, the Kirkland REM station is slated to be operational by 2023-2024.

About Broccolini
Broccolini is a leading single-source provider of construction, development and real-estate services in Canada. The company caters to the industrial, commercial, institutional, and residential markets and provides a wide range of services, acting variously as a general contractor, construction manager, project manager, property manager and developer. Broccolini's Real Estate Management subsidiary currently owns and manages a portfolio of more than 40 properties, representing a total of over 11 million square feet of assets.

AVAILABILITY FOR INTERVIEWS
President of the Broccolini Real Estate Group, Roger Plamondon, is available for interviews this Monday, January 4^th.

SOURCE: Broccolini

For more information:
Jean Langlois, Director, Communications and Marketing
514 737-0076
[email protected]