Brivia and Tianco Group merge to invest $300 million in YUL

YUL

MONTREAL, November 18, 2014 – YUL Condominiums Inc. broke ground this morning at its project YUL, Downtown Montreal’s largest residential project. The company, created by partners Brivia Group and Tianco Group, is investing $300 million in the building of two 38-story condo towers and 18 town houses, at 1400 René-Lévesque West, at the intersection of Mackay Street.

‘’We have a long-term vision for Downtown Montreal. YUL demonstrates our desire to stand out from other real estate projects and position YUL as Downtown Montreal’s most prestigious address. We believe that YUL, as a major real estate development project, will contribute to promoting Montreal on the international stage,’’ declared Kheng Ly, President and CEO of Brivia Group.

”We are very happy to be officially breaking ground for the YUL project today. The arrival of YUL is a much-needed breath of fresh air for this downtown area that has been neglected for far too long,” added Steve Di Fruscia, President of Tianco Group.

The project will consist of two 38-story towers, with 18 townhouses. It will offer street a total of 900 residential units, comprised of 3 ½, 4 ½, 5 ½ condos, townhouses and penthouses. More than 45 unit models are available, which can suit any buyer’s needs, with some units that can be entirely custom designed.

YUL will offer high-end exclusive services to its residents, including a spacious garden of 23,000 square feet, an urban gym, an indoor pool, and an outdoor pool that will be transformed into a skating rink in the winter months. On the 38th floor, a Sky Lounge will allow residents to enjoy panoramic views of Downtown Montreal, the Saint Lawrence River and Mount Royal.

The renowned architectural firm, Menkès Shooner Dagenais LeTourneux, has developed a unique structural concept, which will allow YUL to stand out from other projects. YUL condominiums inc. is equally proud to work with Magil construction who will oversee the construction work.

The construction of the first tower will be completed in 2017; more than 40% of its units have been sold to date. The YUL project is the most important real estate project Downtown Montreal has seen for many years.

About YUL Condominiums Inc.

YUL Condominiums Inc. is a consortium formed by two majority shareholders: the real estate developers Brivia Group and Tianco Group. Brivia Group is led by Mr. Kheng Ly; it has developed many real estate projects in the Montreal region, including Innova Condos, C3 Cavendish, and Le Condoval.

The YUL consortium’s mission is to develop projects that encourage economic development and growth to strengthen communities in Quebec and throughout Canada. The consortium has the expertise, the experience, and the skilled professional network to transform innovative ideas into ambitious projects that build partnerships, satisfy investors, strengthen communities, and fulfill clients’ expectations. The YUL project is the most important project to date from the consortium formed by Brivia Group and Tianco Group.

Information : Geneviève Benoit, 514 845-7071, genevieve.benoit@cohnwolfe.ca

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