Canadian mall owner/developer RioCan REIT says that the Mega Centre Notre-Dame on the edge of Autoroute 13 in Sainte-Dorothée is one of its 18 Quebec properties that will become a management and leasing responsibility for Groupe Harden, in a third-party property management arrangement.
Toronto-based RioCan, the second-largest real estate investment trust in Canada, says that Harden’s knowledge of the Quebec retail sector made the company an excellent choice for an agreement.
“This is a first for Harden because we’re developers and owners of real estate and we’ve always basically built ourselves,” Harden co-chief executive officer Tyler Harden said.
RioCan recently agreed to sell a 50 per cent interest in Mega Centre Notre-Dame to Groupe Harden.
Headquartered in Vaudreuil-Dorion, Harden owns and operates commercial, residential and industrial properties in Quebec and Eastern Ontario.