Globe Capital Management Adds New Montreal Acquisition to Portfolio

Globe Capital Management Adds New Montreal Acquisition to Portfolio

WINNIPEG, MB: Globe Property Management, an award-winning property development and management company headquartered in Winnipeg, has recently acquired L’Esterel, a new property in Montreal’s Pointe-Claire borough. The price paid for L’Esterel was $65.5 million.

Built on the principles of accountability, respect, honesty, integrity, and professionalism, Globe Property Management is an established and continually growing property development and management company with buildings throughout Winnipeg, Calgary, Edmonton, Ottawa, Regina, Saskatoon, and Montreal. The purchase of L’Esterel, a three-building, 220-unit complex, closely follows the purchase of another property last summer in Montreal’s St. Laurent borough. In total, Globe Property Management’s portfolio of Montreal suites now exceeds 1,700. Across Canada, its portfolio of apartments exceeds 8,000.

The Pointe-Claire borough of Montreal is a new stop on the REM train line and an area characterized by its diverse economy, easily accessible community amenities, and ample green spaces. L’Esterel, which was constructed in 2002, remains an exceptionally desirable property.

“We’re very pleased to have been provided with the opportunity to acquire such a well-located and well-maintained property that will fit seamlessly into our portfolio,” said Richard Morantz, President and CEO of Globe Property Management. “We would like to thank all the people who helped us bring this deal together and look forward to serving the residents at the property going forward.”

With a market value exceeding $2 billion, Globe Property Management has proven its industry expertise and commitment to high-quality living standards for its tenants many times over. The Globe team is already collaborating with its network of trusted service providers to maintain and manage L’Esterel with signature quality and professionalism and is proud to be embarking on a long-term commitment to this property and its residents.

For more information about Globe Property Management and the services it provides in communities across Canada, visit

Media Contact

Globe Property Management
Contact name
Phoenix Enterprises Ltd.
Contact phone
Contact address
500 St James Street
R3G 3J4

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