History
A long-standing tradition of excellence
From day one, our success has been rooted in a winning combination of real estate market savvy and a flexible, prudent approach to managing growth, operational risk and debt.
In every acquisition, construction, redevelopment and expansion project we have undertaken, we have consistently sought to optimize the returns on our unitholders’ investments. Year after year, our proactive portfolio management strategy has helped generate steady growth in occupancy rates and net rental revenues.
We are proud of this long-standing tradition of excellence, and we will continue to build on it in the years to come.
Cominar
Since 1965
1965
Foundation of Cominar
The company builds and develops apartment buildings in the Quebec City area.
1973
One of the first condo developers in the province
With an innovative step forward, Cominar begins construction of Le Louisbourg condominium towers, one of the first developments of its kind in Quebec.
1986
Construction of our first commercial building in Quebec City
Cominar starts building and developing Place de la Cité, a complex that integrates commercial and office spaces.
1998
Cominar goes public
Cominar is introduced to the Toronto Stock Exchange and becomes Cominar Real Estate Investment Trust (“Cominar REIT”). Cominar’s quoted shares are traded publicly as CUF.UN.
2007
A major breakthrough into the Montréal market
Cominar acquires 28 industrial and mixed-use properties, as well as 19 office buildings from Alexis Nihon Real Estate Investment Trust and its wholly-owned entities.
2014
Cominar, leader in retail following two major acquisitions
The acquisition of 10 shopping centres for a total of 4.2 million square feet makes Cominar a leader in the retail sector.
On September 30, 2014, Cominar announces that it has closed the acquisition of a 5-million-square-foot real estate portfolio from Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec, for roughly $1.35 billion. One month later, Cominar finalizes the acquisition of Centre Rockland, a 646,000-square-foot shopping centre located in the Town of Mount Royal, a suburb on the island of Montreal, for a purchase price of $271.7 million.
2018
Sylvain Cossette, new President and CEO of Cominar
This is the start of an organizational transformation to implement our vision for the real estate of tomorrow. Our executive team is growing, so is our expertise. We are committed to creating flexible spaces in prime locations to promote collective and collaborative intelligence.
2019
Large-scale projects take shape
Mixed-use retail properties are our goal: new retail openings such as Décathlon and Avril Supermarché Santé are making our shopping centres more dynamic
Launch of Phase 4 of the Palladium Campus
Cominar unveils a new construction project for a five-storey building in our Palladium Campus in Kanata in response to Ford Motor Corporation growth in the Greater Ottawa area.2022
Beginning of a new era
On March 1st , 2022, Canderel-led consortium acquires Cominar for $5.7b, $11.75 per unit, in an all-cash transaction.
2022
Facing forward
New Board members and a new management team take office.
Gift card
The Cominar gift card is redeemable in 9 shopping centres across Quebec.
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