The government paid nearly $15 million for the development of new Investissement Québec offices in downtown Montreal, we learned The newspaper.
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Of this sum, $11.2 million went to the “construction” of spaces in the building located at 1001 Robert-Bourassa Boulevard and $1.5 million to furniture.
Photo Sylvain Larocque
IQ is 10e and 11e floors of this building belonging to the Toronto firm Allied, for a total area of 66,000 square feet. Some 500 of IQ’s 1,200 employees work there when they are not at home.
The state-owned company moved to its new address in 2022, abandoning the premises it occupied at 600 de la Gauchetière, at the World Trade Center (CMM) and in the Anjou district.
Savings
His annual rent at 1001 Robert-Bourassa is $2.53 million while his three previous leases cost him $4.75 million – a reduction of $2.2 million.
IQ must, however, continue to pay more than $400,000 per year for premises that it has sublet to the Montreal International organization at CCM since 2020 and which it has never occupied.
Fit-out costs for new IQ offices
Construction $11.2 million
Furniture $1.5 million
Technology and infrastructure $900,000
Other $900,000
Total $14.5 million
Source: Investissement Québec
