Press Release
Deka Immobilien acquires top office skyscraper in Canada
Frankfurt, 26.01.2026
Deka Immobilien has acquired an office skyscraper in Montréal. The seller is Cadillac Fairview, a wholly-owned subsidiary of the Ontario Teachers’ Pension Plan. The parties have agreed not to disclose the purchase price. The property will be added to the portfolio of the open-ended real estate fund Deka-ImmobilienMetropolen (DIM).
The "Tour Deloitte" is considered one of the top three office skyscrapers in downtown Montréal, offering approximately 48,000 sqm of leasable space across 24 floors. The high-rise office tower is fully let and leased long-term to nine tenants, with Deloitte, the renowned auditing and consulting firm, being one of the main tenants.
Built in 2015, the property is located on Rue Saint Antoine in the Ville-Marie borough, the central business district of Montréal. It boasts excellent access to public transportation and is directly connected to the "RÉSO" network, an underground pedestrian system that connects the entire downtown area of Montréal. Additionally, the "Bell Centre," a well-known multi-purpose arena that serves as a venue and the home stadium of the ice hockey team "Canadiens de Montréal," is in close proximity. The property was the first office tower in the city to be constructed according to the LEED Platinum standard for Design + Construction and holds an Energy Star certification with a score of 75 points.
With this largest transaction to date for Deka-ImmobilienMetropolen, the fund management is also making its first investment in a Canadian metropolitan area, securing a high-quality property with long-term leases in a prime location. The fund's active liquidity management enables it to seize market opportunities for investments and participate in future growth trends.
About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.
The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.
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