Maison Manuvie

About the building

Located at 900 De Maisonneuve Ouest in the heart of Canada’s second-largest city, Maison Manuvie is a 27-story, award-winning office building that is home to Manulife’s Quebec headquarters. Built between 2015 and 2017, the building includes a café, a conference centre, an outdoor terrace, more than 125 bicycle parking spaces and 45,200 square meters of office space. Its convenient location provides tenants direct access to the amenities at RÉSO and underground connections to both McGill and Peel subway stations.  

Investment rationale

In 2021, LaSalle obtained a 50% stake in Maison Manuvie as part of a joint venture alongside lead tenant Manulife. Its prime location in downtown Montréal and range of amenities meant that it was 97% leased at the time of acquisition, with well over a decade remaining on the average lease.  

Strong environmental credentials  

Like LaSalle, Manulife incorporates ESG considerations into each stage of the real estate value chain and in June 2021, announced its strategy to meet a greenhouse gas reduction target of 80% by 2050 as they work to transition to a low carbon economy. This complements LaSalle’s commitment to net zero carbon by the same year. 

At the time LaSalle acquired its stake in the building, it already boasted exceptional sustainability credentials, including LEED Gold CS and ENERGY STAR® certifications, Building Energy Challenge’s Improved Energy Performance Award and a 2019 BOMA BEST® certification, making it the only building in Greater Montréal that had been awarded the Platinum level. 

Working together, LaSalle and Manulife have helped Maison Manuvie achieve LEED Platinum, the highest distinction for sustainable buildings on the Leadership in Energy and Environmental Design Certification Green Building rating system. The system is recognized globally as an indicator of sustainability achievement and leadership. Maison Manuvie was the first building in Québec to achieve Wired Platinum certification as well, for buildings with the most reliable and secure internet connections. 

Maison Manuvie was also recognized by the Canada Green Building Council as a Net Zero Carbon Building (ZCB). Achieving ZCB-performance certification means taking responsibility for all carbon emissions associated with building operations and eliminating climate impacts. Using utility and other data sources, this certification evaluates building performance annually.