A consortium of investors composed of Group Society and Laurier Capital has acquired Montreal’s historic Windsor Station, with plans to revitalize the property.
The 326,000-square-foot Windsor Station opened in 1889 and served as the headquarters of the Canadian Pacific Railway until 1996. It was designated a National Historic Site of Canada in 1975. It currently offers a mix of office and retail space.
The financial aspects of the acquisition were not disclosed. The new owners announced they would diversify and upgrade the retail spaces, including the arrival of a new 10,000-square-foot restaurant, and would seek to attract technology firms and “dynamic start-ups” into its offices.
“Despite the concerns often raised about the office market, we believe strongly in the potential of institutional-grade real estate assets such as Windsor Station,” said Guillaume Jacob, co‑founder and partner at Laurier Capital. “Our strategy is to acquire high-quality, well‑located properties with strong growth potential. We are seeing increasing demand for AAA spaces, and this category is nearly fully leased. With no new office construction in the pipeline, high‑quality properties will continue to experience rising rents and higher occupancy.”
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