Avison Young and Devencore have announced plans to merge Montreal operations and offices. The deal, which is expected to be finalized this spring, will bring the two real estate brokerage and advisory firms together under the Avison Young banner to deliver occupier and corporate services, lease administration, tenant representation and a range of associated professional expertise in project management and consulting.
“The complementary strengths of our teams will provide significant value to clients in the form of expanded professional and corporate services as well as access to technology, data and insights,” promises Mark Fieder, Principal and President of Avison Young in Canada.
Devencore was established in 1972 and has since become one of Canada’s largest privately owned corporate real estate brokerages. Avison Young is a private company with a 100+ offices in 15 countries, and which counts Caisse de dépôt et placement du Québec as a key investor. The new partnership with Devencore adds Montreal to a Canadian slate that also covers Toronto, Ottawa, Halifax, Winnipeg, Regina, Edmonton, Calgary, Lethbridge and Vancouver.
“In forming one of the largest commercial real estate presence in Montreal, we will bring the next level of technology, data and insight to help clients achieve their business goals,” says Jean Laurin, chief executive officer of Devencore, who will transition to Avison Young’s president and managing director for Quebec.