SITQ

AcronymDefinition
SITQSociété Immobilière Trans-Québec (French: Trans-Quebec Real Estate Company; Quebec, Canada)
References in periodicals archive ?
SITQ has so far kept little more than half its real estate investment in Canada, because as both a provincial government institution and pension fund manager, its investment income is not taxed.
The building is owned by a joint venture of SL Green and SITQ, a real estate investment subsidiary of the Caisse de depot of Quebec, which purchased the property in 2002.
This subsidiary, now called SITQ Immobilier, remains Paquin's employer to this day.
When the Caisse wanted to expand out of Quebec in 1996, it invested C$50 million in Bentall Corporation, Vancouver, through subsidiary SITQ Vancouver, Inc.
SL Green President Andrew Mathias stated, "This is another in a line of highly successful joint ventures with SITQ, and we look forward to joining SITQ in making future investments.
SL Green President Andrew Mathias said, "This is another in a line of highly successful joint ventures with SITQ, and we look forward to joining SITQ in making future investments.
SL Green and SITQ replaced the former $625 million mortgage that was due to mature in November this year with longer-term financing.
MONTREAL, July 26 /PRNewswire/ -- CDP Real Estate Europe announced today the acquisition by SITQ of a landmark office building, located adjacent to Victoria Station in London SW1, for an amount in excess of $430 million dollars CND.
Louiselle Paquin, a CMA and first vice-president of finance and protfolio management for SITQ, a large real estate promoter in Montreal, agrees.
To make this project come to fruition, Phoster Industries worked in collaboration with The SITQ ( Societe Immobiliere Trans-Quebec), the real estate arm of the government of the Province of Quebec and owners and managers of PVM, Axxima, the energy and maintenance management company responsible for PVM , and the government owned utility, Hydro-Quebec.
The 54-story, two-million-square-foot tower in the heart of Times Square is owned in partnership between SL Green and SITQ.
The billion-dollar project, which includes two office towers, is being built on speculation and is financed by SITQ, Canada's biggest pension fund manager, and bcIMC, another institutional investor.