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Major Acquisition ! PRESS RELEASE MAJOR ACQUISITION ! Montreal, December 7th 2016 – It is with great pride that Groupe Mach, a leader in real estate development in Quebec, announces that it has acquired the Maison Radio-Canada located on René-Lévesque E. Boulevard in Montreal! Following a bidding process, the Montreal based company was able to finalize this important transaction. Groupe Mach plans to build a mixed-use urban development nearing 3 million square feet. The project will be mainly residential and several housing options will be offered, ranging from high end to affordable housing and 20% of social housing. The tower which will be fully modernized will accommodate new rental office space. The street level near the tower will host new commercial activities and services to accommodate the workers and the living population around. The development will also include green areas, parks, water basins and a new street grid to serve the various new buildings and facilitates the traffic around. « We want to contribute to the community and the social development of the environment while practicing sustainable development. Groupe Mach initiated this project that will benefit the local economy and create hundreds of jobs. » said Vincent Chiara, president of the company. The transaction is subject to approval by the Treasury Board of Canada in the spring of 2017. About Groupe Mach Groupe Mach is one of the leaders in the Quebec real estate industry and one of the largest office owners in Montreal and Quebec City. The company develops or redevelops sites with practical and realistic objectives. To achieve this goal, Groupe Mach works with experienced partners. These projects become, thanks to wise management, generators of new jobs and services to the community. Groupe Mach is characterized by its strategic vision, expertise and know-how. The priority is to reconcile technical, economic, social and environmental imperatives makes him a developer and a rigorous, responsible and integral manager. For nearly 17 years, Groupe Mach has been working on a prestigious and well-balanced real estate portfolio covering all sectors of activity. It includes several Montreal icons such as the Sun Life Building, the CIBC Tower and the Montréal Stock Exchange Tower, and currently holds 17 million square feet. With several properties, certified BOMA Best or LEED, Groupe Mach fulfills the promise to participate in the collective effort for a sustainable development and intends to continue in this way aiming at the highest standards of the industry. About CBC/Radio-Canada CBC/Radio-Canada is Canada's national public broadcaster and one of its largest cultural institutions. We are Canada’s trusted source of news, information and Canadian entertainment. Deeply rooted in communities all across the country, CBC/Radio-Canada offers diverse content in English, French and eight aboriginal languages. We also provide international news and information from a uniquely Canadian perspective. - 30 – For more information: http://www.groupemach.com Contact : Groupe Mach Inc. Sylvie Rousseau Marketing Manager Tél. : 514-374-6224 #233 E-mail : [email protected] Page 2 .
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