Groupe Petra and MACH completed the acquisition of 1000 De La Gauchetière from SITQ National.

Groupe Petra, a firm that owns and operates one of the largest portfolios of office and mixed-use buildings on the Island of Montreal, and MACH, a firm that develops and manages real estate properties, completed the acquisition of 1000 De La Gauchetière, an office building in Montreal, from SITQ National, a provider of real estate investment services. Financial terms were not disclosed. "The acquisition of this flagship property is a tremendous source of pride for the Groupe Petra/MACH joint venture. Adding 1000 De La Gauchetière to our portfolio will reinforce our status as a key player in the Montreal commercial real estate market. It speaks to our determination to make an active contribution to the vitality of the downtown core and the success of the businesses that operate here," Patrice Bourbonnais, Petra President and COO.