MAJOR ACQUISITION IN OTTAWA
GATINEAU, April 25, 2024 – Devcore Group is proud to announce a significant acquisition, the purchase of 1601 Telesat Court, a four-story building located in Ottawa.
With a total area of 230,571 sq ft on a vast 10-acre property, this strategic investment strengthens the group’s presence in the region and reflects its ongoing commitment to the development and management of high-quality real estate assets.
1601 Telesat Court is located in a mixed-use zone, offering numerous possibilities for its future purpose. The company is currently exploring various options, with plans already in place for a portion of the building to house the future headquarters of its sister company, 1VALET, a prominent Canadian leader in smart building operating systems.
Key Points
- Built in 1988, 1601 Telesat Court features a campus-style building, certified BOMA BEST Silver and WIRED Certified Silver.
- It served as the headquarters for Telesat Canada, a Canadian satellite communication company, until 2018.
- Just 10 minutes from downtown Ottawa, the building is easily accessible via Highway 417, Blair light rail transit (LRT) station, and public transportation.
- The offices are spread across three towers connected by a large central atrium, fostering a collaborative work environment.
- Among its amenities:
- 24/7 secure access
- Wheelchair accessible
- Well-equipped gymnasium
- Cafeteria
- Over 500 parking spaces (indoor/outdoor)
- Close to all amenities.
- Among its amenities:
“We are carefully evaluating several options such as office spaces, residential housing, or even the creation of a second Centre of excellence for immigration transition and learning, like the one in Cornwall”
said Jean-Pierre Poulin, Founder and CEO of Devcore Group.
“This diversity of options reflects our commitment to creating innovative environments tailored to the evolving needs of the community.”
About Devcore Group
With 25 years of experience, Devcore is a major player in the development, construction, and management of nearly $500 million in real estate assets in Quebec and Ontario. The company’s mission is to offer the most innovative real estate product in secondary markets by integrating new technologies and applications for optimal customer satisfaction. Devcore has also distinguished itself in recent years through its commitment to humanitarian causes, including immigration and homelessness.
Source :
Sylvie Carbonneau
Director, Communications and Marketing
Devcore Group
scarbonneau@devcore.ca
819 576-2029