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Brivia Group completes financing for Montreal condo project

DCN-JOC News Services
Brivia Group completes financing for Montreal condo project

MONTREAL — Montreal-based Brivia Group has announced it has entered a partnership with Quebec’s Ipso Facto Investissement Immobilier for phase one of 1 Square Phillips, a condominium project in downtown Montreal.

The project will be delivered starting in spring 2024, stated a release.

At the same time, Brivia Group also announced the completion of the construction financing for phase two of the project through a banking syndicate led by BMO. Phase two sales were launched in 2022 and the developer said sales have progressed in line with the company’s objectives.

The 21-storey tower of phase two will be added to the perimeter of the 61-storey main tower of phase one. Construction of phase one reached the milestone of the tower’s 61st floor in July.

Phase two will offer 440 condo units on Sainte-Catherine Street at the Quartier des Spectacles. The designer is MSDL Architects.

“Backed by a banking syndicate led by BMO for the project’s construction financing, this new strategic agreement testifies to our partners’ confidence in Montreal’s long-term real estate market and our collective determination to raise the standards of residential excellence in our dynamic city,” stated Kheng Ly, CEO of Brivia Group, in a statement.

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