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Sale Transaction of the Candiac Portfolio | Jessika Lahaie

Closing of a major transaction in Sherbrooke

On October 5th, the closing of a major transaction took place on de Candiac Street in Sherbrooke. This involves a portfolio of 55 units spread across 5 buildings, strategically located in the coveted North sector of the city, within walking distance of Carrefour de l’Estrie and all amenities.

Enthusiasm and competition in the real estate market

In less than 48 hours on the market, this portfolio garnered strong attention from our VIP buyers. Indeed, buyers stood out through bidding and competition with three other purchase offers, showcasing their experience and ultimately achieving success.

Successful collaboration and transaction conclusion

Thanks to the excellent collaboration among the parties and stakeholders, we successfully concluded this transaction over an 8-month period, utilizing a share purchase structure that included a sales price balance.

Generational transition and future opportunities

Owned by the same owner for over 40 years, the sale of the properties was a significant and meaningful step for this major investor. This paves the way for young, seasoned investors, grateful for the past management of the properties. Through an optimization approach, the buyers will turn this acquisition into a promising investment for the future.

Congratulations and reflection of real estate demand

We congratulate the buyers on their investment while extending our warmest wishes to the seller for a well-deserved retirement. This transaction not only reflects the sustained demand for significant and high-quality real estate in the region but also attests to the quality of buyers taking initiatives in our market.

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