2014 Activities Report
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ACTIVITIES 2014 REPORT TM2 Business Centre 34 ACTIVITIES 2014 REPORT TABLE OF CONTENTS 4 Message from the Chairman of the Board 5 Message from the President and CEO 6 Board Activities 8 2014 Strategic Planning 10 Economic Climate 13 Financial Position 14 Results of the 2014 Action Plan Saint-Laurent Campus 16 18 2008-2014 Trends 21 Real Estate Activities 23 New Resident Companies 24 Our Residents’ Achievements 28 Athletic and Social Events 30 Transportation Éco-campus Hubert Reeves 32 32 Progress Report TM2 Business Centre 34 35 2014 Year in Review 35 New Resident Companies 35 Activities and Events Health District 36 Communications Activities 38 38 Visiting Delegations 39 Advertizing and Promotion 40 Communications and Networking Events 43 International Conferences Real Estate Prospecting 46 3 MESSAGE FROM THE CHAIRMAN OF THE BOARD Paul Saint-Jacques I am delighted to report that 2014 was None of these positive results would I must also underscore the outstanding an exceptional year in many ways. have been possible without the Board’s work and results produced by our For starters, we welcomed many ongoing commitment and close President and CEO and his dedicated new residents to our Saint-Laurent cooperation with senior management. team who, despite their limited size, Campus. We also finalized several once again rose to every challenge and land sale agreements pursuant to the The Board fulfilled its governance duties met every target. strategic orientation set by our Board by taking an active role on many new of Directors a few years ago and the fronts this year, holding 20 face-to-face I invite everyone in the TM family, our sales strategy implemented by senior or video conference meetings. I am Board members, employees, partners, management. As part of the strategic grateful to everyone on the Board for their suppliers and clients, to keep supporting plan that was developed last year, we diligent oversight of Board activities, for our mission of fueling Montreal’s updated our vision and master plan to their vital role in keeping operations on technological growth. provide TM with property development track, for the clear orientations they set conditions that were more consistent for TM, and for their commitment to I hope you enjoy reading this report, with current trends. We also created ensuring the success of all Board and which is a faithful representation of the new partnerships that should lead to sub-committee activities. main activities pursued by Technoparc significant progress at the Éco-campus Montréal in 2014. Hubert Reeves site and at sites beyond the Saint-Laurent Campus. ACTIVITIES 2014 REPORT MESSAGE FROM THE PRESIDENT AND CEO Mario Monette I am pleased to present the highly Combined with those from last year, We are also proud to have signed a positive results outlined in our 2014 these two real estate transactions partnership agreement with CHU Sainte- Activities Report, which we intend to enabled us to reduce our mortgage Justine in order to help it establish the build upon to fuel Technoparc Montréal’s balances by 56.2%. Cité internationale de la réadaptation growth in 2015. Of the 27 years of pédiatrique de Montréal. We also remain Technoparc Montréal’s existence, 2014 The promotion, attraction and retention active in promoting Montreal’s Health will stand out for its exceptional results, work we carried out with other building District and are working closely with which will serve as a major push for our owners and developers working on CHUM to determine the next steps. new 2014-2017 action plan. the Saint-Laurent Campus enabled us to significantly decrease our vacancy I would like to thank our clients, our To begin, we signed off on two major rate, which stood at 6.9% in December collaborators and our suppliers for their 123,087 m2 (1,324,900 ft2) real estate 2014. As of the end of the year, there generous support. My special thanks transactions for a record $11.4 million. were 27 new resident companies and to the City of Montreal for its financial 825 new jobs. support and expertise and, especially, One of these transactions involved Green to the Borough of Saint-Laurent’s senior Cross Biotherapeutics, a South Korean The 2013 launch of our TM2 Business management and staff for helping us firm that will establish its Canadian Centre, which was created to bring realize our projects and meet our goals. headquarters, a research centre, and a small businesses to the Saint-Laurent blood plasma fractionation plant on our Campus in order to strengthen the area’s I would also like to thank the Chairman Saint-Laurent Campus, representing a ecosystem, has been a huge success. of the Board and its members for their building area of 380,000 feet, a $200 The Centre is currently full and we are dedication and their invaluable strategic million investment, and the creation of considering creating a second centre to advice. 375 jobs. meet the demand. Finally, this great year would not have 5 been possible without the creativity, innovativeness, enterprising spirit and dynamism of Technoparc Montréal’s small team, which I had the pleasure of heading. BOARD ACTIVITIES In 2014, the Board organized 20 face-to-face or video conference meetings and managed the affairs of its various committees. ACTIVITIES 2014 REPORT Governance Committee Audit and Risk Management Committee management tools and documents used In 2014, the Governance Committee The Audit and Risk Management by Technoparc Montréal. held two meetings which led to a new Committee met five times this year. The charter project and a revised governance Committee members studied various Human Resources Management policy. The Committee also reviewed its risk management issues, had its charter Committee code of ethics and conduct, and looked reviewed by the Board, reviewed In 2014, the Human Resources into other matters such as Board purchase offers as transactions were Management Committee had a charter member selection criteria and the presented to them, made recommen- project approved by the Board, held a definition of a member’s independence dations to the Board, and studied the meeting where it set objectives for the status. various real estate transaction and risk President and CEO and Technoparc Montréal, assessed the 2013 results, and made related recommendations to the Board. From left to right: Pierre B. Paquin, Board Administrator and Attorney at Bélanger Sauvé SENCRL; Claude Proulx, Observer and Representative of Investissement Québec; Véronique Doucet, Observer and Director of the Borough of Saint-Laurent; Mario Monette, President and CEO of Technoparc Montréal; Suzanne Deschamps, President of the Governance and Ethics Committee and VP of Development and Legal Affairs at Groupe Pacific; Michel Bédard, Board Administrator and VP of Real Estate Investments at Desjardins Global Asset Management; Michel Desbiens, Board Secretary; Paul Saint-Jacques, Chairman of the Board; Lidia Divry, Board Administrator and Executive Director of TechnoMontréal; André Labrie, Board Administrator; Alan DeSousa, Board Administrator and Mayor of the Borough of Saint-Laurent; Serge 7 Guérin, Observer and Director of the Economic Development Department of the City of Montreal; Vianney Bélanger, Board Administrator and President of COPRIM; Luana Borelli, Executive Assistant to the President and CEO of Technoparc Montréal; Jean-Luc Landry, President of the Human Resources Management Committee and President and CEO of Gestion de portefeuille Landry inc.; Daniel Bouffard, Observer and VP of Finance at Technoparc Montréal 2014 STRATEGIC PLANNING As part of its 2014-2017 Strategic Plan, Technoparc Montréal set out to create a new vision for its Saint-Laurent Campus. To this end, a consultant was hired in the fall to assess the current situation and to study innovation area development trends relevant to the Campus and the industrial perimeter beyond it. The consultant will set out to revise the current master plan, propose new development solutions which are more consistent with current innovation area labour and growth trends, and present strategies aimed at improving public and active transportation in Montreal’s western suburbs to make the Campus more accessible. The project should be completed by the spring of 2015. Technoparc Montréal is overseeing the project in partnership with the Borough of Saint-Laurent, the City of Montreal and with the collaboration of the owners of land to be developed. ACTIVITIES 2014 REPORT Mission Vision Values Offer work environments and real estate Excel and increase our visibility by • Integrity solutions that promote technological developing innovative projects that will • Trust innovation, collaboration and success contribute to Montreal’s economic and • Competence in order to propel the development of technological development. • Collaboration the Saint-Laurent Campus, the Éco- • Creativity Campus Hubert Reeves and Montreal’s Health District. Strategic Thrusts 2014-2017 Strategic Objectives • Develop partnerships in order to offer services and solutions 1 Create a new development vision for the Saint-Laurent that fit our clients’ needs; Campus; • Design, conduct or manage innovative real estate projects 2 In collaboration with the City of Montreal and the Borough for technology entrepreneurs or corporate residents of the of Saint-Laurent, create a new Special Planning Program Saint-Laurent Campus, the Éco-Campus Hubert Reeves, (SPP) for the Saint-Laurent Campus; and Montreal’s Health District; 3 Develop a relevant real estate development plan;