is part of the Informa Markets Division of Informa PLC
This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Networking opportunity for all Forum delegates
The Quebec Garrison Club ( 97, Saint-Louis St)
Laurent Nadeau, Chief Executive Officer, Québec Region, FCT
Louis Bertrand, Director, Development & Promotion, Real Estate Investments, Industrial Alliance Insurance & Financial Services Inc., and Chair, Québec City Regional Council, IDU Québec
A presentation on the economic outlook and performance of Québec City and the key emerging trends in this market. What is the outlook for employment and population growth for the Québec City area? How do the prospects for Québec City compare with the outlook for other major Canadian cities?
Mario Lefebvre, President & CEO, UDI Québec;
Former Director, Metropolitan Outlook, Conference Board of Canada
How much leasing and investment momentum did the Québec City market experience in 2013 and the first quarter of 2014? What is the outlook for the remainder of this year and beyond in the office, retail, industrial and multi-unit residential sectors? How do the market fundamentals look including vacancy rates, absorption rates, and cap rates?
Marie-France Benoit, Senior Director, Altus InSite, Division of Altus Group
Alain Roy, General Manager, Québec, Altus Group
For presentation, please email firstname.lastname@example.org
What is responsible for the economic strength of Québec City and Lévis? While many jobs are concentrated in the public service sector, employment can also be found in manufacturing along with insurance, marketing and advertising, computer games and technology. Québec City is also home to many international company headquarters including Industrial Alliance, SSQ Insurance, La Capitale, Cossette and Desjardins. Over the past decade of growth, the beneficiaries have been insurance, service, finance, construction and tourism industries. Is it now a fact that the tradition has changed and more people are migrating to Québec City from Montréal because of the stronger job prospects in this market?
Clément Gignac, Senior Vice President & Chief Economist, Industrial Alliance
Culture and tourism play a very significant role in the vitality of Québec City. The National Museum of Fine Arts of Québec is home to over 25,000 works that were essentially produced in Québec or by Québec artists, some of which date from the 18th century. The Museum, an exceptionally important cultural icon, is undergoing a $90 million expansion that will have implications for tourism as well as the local community. This presentation will provide some insights into the unique elements of the project. The principal architect is from Holland and was selected from 108 firms that responded to a global competition.
John R. Porter
John R. Porter, Chairman of the Board, Fondation du Musée national des beaux-arts du Québec
A comprehensive discussion about the Québec City office market and a wide range of fundamentals and trends including: the anticipated needs of major users of office space in this market (provincial government, life insurance companies), what are strategic priorities of tenants (workplace efficiency, sustainable environments), how are Class B and C properties performing compared to Class A, and what is the outlook for investment activity for 2014. While the downtown office inventory has remained stable, some outer suburbs have seen inventories more than double. Why does Québec City continue to maintain one of the lowest vacancy rates in North America along with one of the highest affordability ratings?
François Bender, Associate Director, Mark Bender & Associates
Éric Boivin, Director, Real Estate Portfolio Planning and Transaction, Administrative Department, Desjardins Group
Christian Couture, General Manager, Complexe de la Capitale
Michel Léonard, President & CEO, BTB REIT
André Plourde, President, Groupe immobilier (Montréal . Québec)
This session will open with a brief overview of rental housing demand in the Québec City apartment market. A panel discussion will then follow with a focus on investment activity and other fundamentals related to the multi-unit residential sector. What is the short and medium term outlook for the performance of the apartment market? Where are vacancy rates and rent levels heading over the next twelve months? How strong is investor interest in rental housing properties? The changing demographics related to and the growth of seniors housing will also be briefly discussed. What is the potential for this type of accommodation? Is the market ready for it?
Jean-Charles Angers, Managing Director, RBC Capital Markets Real Estate Group
Kevin Hughes, Regional Economist – Québec, Canada Mortgage and Housing Corporation
Luc Maurice, President, Le Groupe Maurice
Michel Parent, President, Logisco
Nathalie Roussin, President, Les Immeubles Roussin Ltée.
The retail market appears to be performing reasonably well in Québec City. This session will examine the major leasing, investment and development trends and provide an outlook for retail activity in this region. How is the supply and demand balance at this time with respect to the various types of retail formats being offered, tenant interest in this market, and consumer spending? What plans do various retail owners in Québec City have with respect to new projects or upgrading their existing properties? What new retailers have entered this market? What has been their impact? Are there any others following soon? For those who have purchased retail assets in this market during the past year, what were your major reasons? What lies ahead for retail market activity in Québec City in 2014 and beyond?
Janina Francescutti, Partner, Brookfield Financial
Michel Brouillard, Vice President, Retail Leasing, Oxford Properties Group
Trent Holfeld, Vice President, Retail Real Estate, CREIT
Emeka Mayes, Director, Acquisition, Eastern Canada, First Capital Realty
Nathalie Rousseau, Vice President, Investment and Asset Management, Québec, Ivanhoé Cambridge
Although Québec City is not known as having a major industrial market, the fact is that this property class is growing on both sides of the St. Lawrence River in Lévis and in the overall Québec City region. This session will open with a brief overview of the profile and demand side of the industrial market. Where do vacancy rates stand currently and what is the forecast for 2014? How much absorption is anticipated over the next few years? Are there any major trends in the industrial leasing market? Where are NERs heading? How much investment activity is this asset class attracting? How much new development is underway? Is it tenant initiated? How much demand is there for logistics and distribution space vs. manufacturing? To what extent are older buildings becoming obsolete? How are industrial tenant requirements changing, and how are landlords addressing this demand? What lies ahead for this property class in this market?
Patrick Soucy, Associate Vice President, Colliers International (Québec) Inc.
Bernard Auger, Director, Business and Industrial, Development Division, Québec City
Michel Ayotte, Vice President, Commercial Leasing, Groupe Dallaire
Steve Gilbert, Président, Gilbert, Deschênes et Associés
Virginie Roussin, Leasing Director, Société immobilière Bruno Roussin inc.
Martin De Rico, President & Partner, DeRico Experts-Conseils
Mayor Gilles Lehouillier, City of Lévis
Louis Bertrand, Chair, Québec City Regional Council, IDU Québec
To understand more about the uniqueness and strength of Québec City, this panel discussion will provide insights into the evolution of this market into a world leader in multimedia, interactive entertainment, and state-of-the-art research and technology. Over 100 companies are active in these sectors which form a major source of the region’s economic growth. Driven by talent as well as by the creativity and innovativeness of visionary entrepreneurs, the industry has experienced tremendous growth over the past 20 years in this city. The session will examine some of the current and upcoming examples of innovation and creativity and why Québec City is a major techno-cultural hub.
Stéphane Dion, Regional Director – Québec, UDI Québec; President, Paradigme Affaires publiques inc.
Isabelle Genest, Business Development Director, Software, Digital Arts and Interactive
Entertainment, ACCORD Sector Director, Québec International
Patrick Klaus, Executive Director, Operations, Ubisoft Québec
Éric Lavoie, Chairman of the Board of Directors, Quebec City Chamber of Commerce and Industry;Partner, Lemieux Nolet
Natalie Quirion, General Manager, Québec Metro High Tech Park
A closing discussion on key trends, opportunities and risks emerging in the Québec real estate investment and development market. The questions that will be examined include: where are we in the real estate cycle in the Québec market and where is it heading over the short to medium term; will the minority provincial government impact any of these trends; how does that compare with the trends in the rest of Canada; what are the most significant challenges for investors and owners in Québec; how do you achieve growth in rental rates in this market; what will likely happen to cap rates and real estate values over the next twelve months in office, retail, industrial and multi-unit residential property classes; what plans do you have with respect your existing Québec portfolio; and what will be your strategy for the remainder of 2014 and beyond.
Jean Morency, Development Associate, Québec City Region, Canderel
Louis Bertrand, Director, Development & Promotion, Real Estate Investments, Industrial Alliance
Michel Dallaire, President & CEO, Cominar REIT
Michael Emory, President & CEO, Allied Properties REIT
Jean Laramée, Senior Vice President, Québec Real Estate Capital, Ivanhoé Cambridge