COGIR REAL ESTATE AND SMARTCENTRES JOIN FORCES TO LAUNCH MOSTRA’S FOURTH RENTAL CONDO PROJECT, IN MASCOUCHE, AND SMARTLIVING’S VERY FIRST PROJECT IN THE PROVINCE OF QUEBEC

The official groundbreaking ceremony of the fourth Mostra rental condo project happened on April 23rd.

Mr. Marc Doré, Cogir Real Estate’s Chief Investment and Asset Management Officer, and Mr. Herbert Nunes SmartCentres’ Business Leader and Vice-President Development (Eastern Canada Portfolio), met together on Friday, April 23, in Mascouche for the official groundbreaking ceremony of the fourth Mostra rental condo project. This project is made possible thanks to a partnership between Cogir Real Estate and SmartCentres. It is part of the SmartLiving vision. SmartLiving is a subsidiary brand created in 2019, designed to develop strategically situated and functional neighbourhoods intended to maximize the pleasure of living there.

“This high-quality housing project, costing over $70 million, will feature 240 rental units. The SmartLiving banner is quite well aligned with Cogir’s real estate outlook where the human being is the focus of all our projects. We are also quite pleased with this new partnership and we are hopeful that Mostra Mascouche is only the beginning of a long and fruitful relationships between our companies,” declares Mr. Mathieu Duguay.

With this unique housing project, Mascouche residents will be able to enjoy Mostra’s turnkey comfort. In addition to contemporary and functional living environments featuring one, two or three bedrooms, residents will have an all-inclusive lifestyle. Mostra will put at their disposal a swimming pool, a bicycle workshop, a mail and package room adapted to the new reality of online shopping, a professional-grade kitchen area next to a reception hall, a gym, a magnificent barbecue-equipped terrace, many relaxation areas, a massage therapy room, a lounge with reading areas and work-sharing spaces, an electric car-sharing service, indoor and outdoor parking, a concierge and maintenance service.

Moreover, responding to the new reality of telecommuting that will likely continue in many companies, specific telecommuting areas have been included.

“We are very excited about partnering with Cogir on this project in the thriving and growing City of Mascouche. We are confident that Mostra Mascouche is the first step in a strong, strategic partnership.” said Mitchell Goldhar, Executive Chairman of SmartCentres. “This partnership reaffirms our commitment to focus on recurring revenue growth in purpose-built apartments, seniors, office and self-storage through a $13.5 billion intensification program across the country.” added Mr. Goldhar.

Read the complete article attached.