Latest news with #GroupeHD
Cision Canada
02-06-2025
- Business
- Cision Canada
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End Français
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. " This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project Overview Investment: $425 million Developer: Groupe HD Financial Partner: Fondaction Lender: Desjardins – Real Estate Financing Group General Contractor: Construction Praxis Architecture & Design: NEUF Architect(e)s Landscape Design: BC2 About Groupe HD Groupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About Fondaction A forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page.
Yahoo
02-06-2025
- Business
- Yahoo
Major Acquisition by Groupe HD and Fondaction to Enable Development of 1,200 New Residential Units in Montréal's East End
MONTRÉAL, June 2, 2025 /CNW/ - Groupe HD and Fondaction have finalized a major partnership for the acquisition of a strategically located site exceeding 210,000 square feet at 5600 Sherbrooke Street East, in the heart of the Mercier–Hochelaga-Maisonneuve borough. "This acquisition marks one of the most significant and promising transactions to date for our organization. We are deeply grateful to our partner Fondaction for their trust and support in making large-scale projects like the Sherbrooke Street development tangible and concrete." said Thomas Dufour, Co-President of Groupe HD. Spanning from Sherbrooke Street to Chauveau Street, the expansive site will host an integrated residential development of nearly 1,200 units, representing a total investment of over $425 million. Aligned with the City of Montréal's Assomption Nord Urban Planning Program (PPU), the project will promote inclusive residential diversity, high-quality green spaces, and thoughtful urban densification—contributing meaningfully to the area's revitalization. More than 15% of the units—approximately 180 homes—will be affordable housing, and the development will pursue LEED Gold certification for its environmental sustainability. The project will unfold in two main phases to ensure a cohesive and gradual integration into the urban fabric. It will be executed by Construction Praxis, Groupe HD's construction division, recognized for its large-scale execution capabilities, performance-driven mindset, and innovative approach. "Fondaction is proud to partner with Groupe HD to advance the revitalization and densification of this strategic area in the East of Montréal. Anchored in a sustainable mobility network, this flagship project promotes inclusive residential diversity and aims for LEED Gold environmental certification. It aligns fully with our real estate investment strategy focused on sustainability," explained Chad Ruel, Senior Director, Real Estate Investments at Fondaction This partnership between Groupe HD and Fondaction reflects a shared vision: to create meaningful, sustainable, and accessible living environments. The project aims to address the present and future needs of local communities while shaping an urban landscape that lives up to collective aspirations. Project OverviewInvestment: $425 millionDeveloper: Groupe HDFinancial Partner: FondactionLender: Desjardins – Real Estate Financing GroupGeneral Contractor: Construction PraxisArchitecture & Design: NEUF Architect(e)sLandscape Design: BC2 About Groupe HDGroupe HD is a Quebec-based company specializing in real estate investment, development, construction, and management. The firm is committed to redefining tomorrow's housing by designing and delivering large-scale projects that meet the needs of communities and municipalities. To date, the company is involved in over 20 projects, totaling more than 7,000 residential units, including condominiums, rental buildings, and private seniors' residences. Groupe HD continuously rethinks and adapts its practices to create integrated living environments for today and future generations. Backed by a team of 60 professionals, the company currently manages over $3.0 billion in assets. For more information, visit or follow us on LinkedIn. About FondactionA forerunner for over 25 years, Fondaction is the investment fund for individuals and companies that are mobilizing for the positive transformation of Quebec's economy, making it fairer, more inclusive, greener and more performant. As a labour-sponsored fund created at the initiative of the CSN, Fondaction represents tens of thousands of savers and hundreds of companies committed to helping Quebec progress. It manages more than $3.99B in net assets, as at November 30, 2024, invested largely in hundreds of businesses and on the financial markets, prioritizing investments that generate positive economic, social and environmental spinoffs in addition to a financial return. Fondaction helps maintain and create jobs, reduce inequalities and combat climate change. For more information, visit or our LinkedIn page. SOURCE Groupe HD View original content to download multimedia: Sign in to access your portfolio
Cision Canada
07-05-2025
- Business
- Cision Canada
Construction Praxis Wins the Prix Construire 2025 from the Quebec Construction Association
MONTREAL, May 7, 2025 /CNW/ - Construction Praxis is proud to announce that it has been awarded the Prix Construire 2025 - Metropolitan Region by the Quebec Construction Association (ACQ). This prestigious award recognizes outstanding construction companies whose excellence, economic contribution, and influence help elevate the industry within their region. This recognition highlights the dedication, quality, and precision that define every stage of a Construction Praxis project. With more than 5,000 residential units currently under construction or in the pipeline, the company continues to deliver ambitious, high-quality, and sustainable developments that actively contribute to the creation of responsible and well-planned living environments. Its strong performance and reputation are also driven by the expertise, professionalism, and unwavering commitment of its employees. " Receiving this award from the ACQ is a great honor. It reflects the passion, professionalism, and commitment to excellence that drive our entire team," said François Beaulieu, President of Construction Praxis. The company wishes to thank all its professionals, collaborators, and subcontractors, whose daily efforts contribute to the success of its projects. It also highlights the role of Groupe HD, Construction Praxis's parent company, whose ongoing support since the acquisition has enabled the company to continue its development and strengthen its presence in the industry. " We are proud to see Construction Praxis, the construction division of Groupe HD, recognized for its leadership in the industry. This Prix Construire 2025 highlights the strength of our integrated model, where the synergy between developer and builder ensures consistency, performance, and quality across every project," said Thomas Dufour, Co-President of Groupe HD. About Construction Praxis Construction Praxis is a Quebec-based general contractor specializing in residential construction. Known for its operational discipline, ability to manage large-scale projects, and commitment to quality and sustainability, the company focuses on optimizing construction processes while maintaining rigorous control over budgets and timelines. Through its work across Quebec, Construction Praxis plays a key role in shaping modern, people-centered, and forward-thinking communities, earning a solid reputation for reliable execution and high-quality work.
