CBRE Announces Opening of Quebec City Office

CBRE’s third location in the province will better address real estate needs in Eastern Quebec

QUEBEC CITY, September 2nd, 2014 – Positive momentum is building in Quebec and the business community is responding. CBRE Limited, the world’s largest commercial real estate services firm, has opened a third office in the province, 18 years after the first of two offices was opened in Montreal. The new Quebec City location will provide businesses in the provincial capital with access to CBRE’s global network of 350 offices and over 44,000 real estate professionals.
 
“This new office is the culmination of years of planning. We have long recognized that Quebec City has immense potential and are excited about the prospects for commercial real estate in the Quebec City and the surrounding area,” said Alexandre Sieber, Senior Managing Director of CBRE’s offices in Quebec. “We look forward to working more closely with the people and businesses of Eastern Quebec.”

Stéphane Hudon, a 20-year commercial real estate veteran from Quebec City, will join CBRE as Vice President and lead the company’s brokerage operation in Quebec City. Stéphane began his career as a Real Estate Appraiser and gained extensive brokerage experience while working at Groupe de Bertin for over a decade. 

“People are often surprised to learn that Quebec City is the eighth largest office market in the country. The commercial real estate market here is large enough to interest domestic and international players, and significant new developments, including a new NHL-sized arena, will only broaden that appeal,” said Hudon. “The approach to real estate is increasingly sophisticated and businesses need access to the comprehensive market research, high caliber underwriting and real estate guidance that CBRE is known for globally.” 

CBRE’s Quebec City office will be located at 5300 des Galeries Boulevard in Quebec City but will service businesses looking to lease, sell or buy commercial real estate across eastern region of the province. Quebec City Metro Area has over 765,000 residents and is home to the National Assembly, the provincial legislature. Quebec’s diverse economy and highly skilled workforce continues to attract new immigrants and a range of businesses.

The improving U.S. economy is set to bolster manufacturers in the region, while the construction sector is likely to benefit from local and regional infrastructure investment. The positive business climate, rich culture, and development activity bodes well for the commercial real estate market and CBRE’s new office in Quebec City.

For more information on the sale or lease of commercial real estate in Quebec City, contact Stéphane Hudon:

Tel: +1 418 622 0955
Cell: +1 418 953 4141
stephane.hudon@cbre.com

About CBRE Limited
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

In Canada, CBRE Limited employs approximately 2,025 people in 23 locations from coast to coast. Please visit our website at www.cbre.ca.