CN Moving to Kevric's Landmark Redevelopment at 600 De La Gauchetière Street West

CN will be relocating its head office to Kevric’s latest redevelopment in downtown Montreal

MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- CN (TSX: CNR) (NYSE: CNI) and Kevric jointly announced today that CN will relocate its headquarters to Kevric’s 600 DLG project, located at 600 De La Gauchetière West. The 20-year lease begins in 2028 and covers the building's first 18 floors, totaling more than 440,000 square feet. CN will start moving certain departments as of 2026.

"CN has been part of downtown Montreal’s DNA for over 100 years. Maintaining our headquarters’ presence in the city’s core is integral to our identity. Our employees are our greatest competitive advantage and we were careful in choosing our new headquarters. We want to keep inspiring greater innovation and collaboration in a workplace that will nurture our employees’ growth.'"

-   Ghislain Houle, Executive Vice-President and Chief Financial Officer, CN

"We are proud to welcome CN's head office at 600 DLG. This commitment by such a large organization confirms the importance of efficient, central work environments for corporations. We firmly believe in the crucial role of high-quality downtown office buildings in sustaining downtown Montreal's role as an economic engine. 600 DLG is the latest example of this conviction, and its transformation showcases our proven expertise in executing complex and visionary projects."

-   Richard Hylands, President & Founder, Kevric

About 600 DLG

Kevric is undertaking this transformation by applying the best practices in sustainable development. From the outset of the design process, the project focused on its environmental footprint to minimize and ultimately offset its embodied carbon emissions. The renovation also aims to reduce the building's annual operational environmental footprint to deliver a fully carbon-neutral office building in downtown Montreal. 600 DLG is the prime address for organizations that have fighting climate change as a corporate priority.

Located in the Quartier International de Montréal, the tower's thorough transformation will provide CN employees with a state-of-the-art, performance-focused work environment. In this highly sought after downtown business district, CN's head office will stand alongside those of other major international organizations, all benefiting from the evolving mixed-use dynamism of the area. The iconic building north of Square Victoria will feature the CN logo, and a new name to be chosen by the North American transportation leader.