Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. IA Financial Corporation Inc.
  6. News
  7. Summary
    IAG   CA45075E1043

IA FINANCIAL CORPORATION INC.

(IAG)
  Report
Delayed Toronto Stock Exchange  -  04:00 2022-11-25 pm EST
74.52 CAD   +0.74%
11/17Toronto Stocks Slide, Uranium Royalty Inches Up on U.S. Portfolio Acquisition
DJ
11/17IA Private Wealth Announces Launch of U.S. Registered Investment Advisor Firm
AQ
11/17IA FINANCIAL CORPORATION INC. : Ex-dividend day for
FA
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

IA Financial : and Canderel sign a real estate asset management partnership

10/19/2021 | 10:31am EST

Claude Sirois appointed Senior Vice President, Real Estate Investments and Commercial Mortgages at iA Financial Group

QUÉBEC CITY, Oct. 19, 2021 /CNW Telbec/ - iA Financial Group (iA) (TSX: IAG) and Canderel announce today the signing of an agreement in the real estate investment sector. The agreement confirms that Canderel has been selected as iA Financial Group's strategic partner and as such will be responsible for the operational management (operations and leasing) and maintenance of iA's real estate assets in Québec. The agreement covers the operations of 16 properties– five in Montréal and 11 in Québec City, and will take effect January 1, 2022.

"This partnership aligns with our strategic plan to focus our real estate business on active management of our investments and value creation," said Alain Bergeron, Executive Vice President and Chief Investment Officer, iA Financial Group. "We chose Canderel because we share the same vision for real estate asset performance and we both value the importance of our employees, their expertise and their career development opportunities."

"We are delighted to welcome the talented real estate team from iA Financial Group to the Canderel family," said Brett Miller, Chief Executive Officer, Canderel. "With the support of these dedicated and experienced employees working out of offices in Québec City and Montréal, we will be able to continue to provide a high level of service to our tenants and partners, while sustaining iA Financial Group's long-term investment strategy." He continued: "This property management alliance will enable our partner to confidently focus on its investment activities, knowing that its property assets will be managed with care."

Founded in Montréal more than 45 years ago, Canderel is one of the country's leading real estate companies. The firm, which will soon have close to 700 employees from coast to coast, has developed a comprehensive expertise and unique positioning in value creation, performance optimization and improving return on investment.

The agreement between iA Financial Group and Canderel includes a transition period during which approximately 90 employees who manage real estate assets will remain with iA Financial Group and transfer to their new employer on January 1, 2022. These employees will then work out of Canderel's new Québec City office and existing Montréal office. During and after this transition, iA Financial Group will maintain the same high level of service to its partners and tenants.

Appointment of Claude Sirois
iA Financial Group also announces the appointment of Claude Sirois as Senior Vice-President, Real Estate Investments and Commercial Mortgages. Reporting to Alain Bergeron, iA's Executive Vice President and Chief Investment Officer, Mr. Sirois will assume responsibility for IA's real estate holdings, which will now include investments and asset management as well as the commercial mortgages group. He will play a key role in the transition and in the management of the new business relationship with Canderel.

"I am delighted that Claude has agreed to join our team. His extensive track record and in-depth knowledge of the market, combined with his exceptional leadership skills, make him an unbeatable choice," Mr. Bergeron noted. "Together, we will be able to enhance the performance of our real estate assets and accelerate the pace of our strategic growth in the sector."


iA Financial Group Real Estate portfolio in Quebec

Property

Address

City

Édifices Bois-de-Coulonge

1122-26-34 Grande Allée West

Québec

Édifices Bois-Fontaine

880 Sainte-Foy Rd

Québec

Édifices Bois-Fontaine

930 Sainte-Foy Rd

Québec

Édifice Louis-Philippe-Pigeon

1200 de l'Église St

Québec

1091 Grande Allée West

1091 Grande Allée West

Québec

Siège social iA Groupe financier

1080 Grande Allée West

Québec

1150 Grande Allée West

1150 Grande Allée West

Québec

Édifice Marly

3800 Marly St

Québec

Place Québec

900 René-Lévesque Blvd East

Québec

Édifice de la Solidarité

925 Grande Allée West

Québec

Édifice Mérici

801 Grande Allée West

Québec

2200, McGill College Ave

2200 McGill College Ave

Montréal

La Tour Industrielle Alliance

2000 McGill College Ave

Montréal

Carrefour Industrielle Alliance

977 St-Catherine St West 

Montréal

1981, McGill College Ave

1981, McGill College Ave

Montréal

2020 Robert-Bourassa Blvd

2020 Robert-Bourassa Blvd

Montréal

About iA Financial Group
iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbols IAG (common shares) and IAF (preferred shares).

About Canderel
Canderel is one of Canada's largest real estate companies. Headquartered in Montréal with offices across the country, Canderel has been part of the Canadian real estate landscape for over 45 years. Drawing on the expertise of close to 700 real estate professionals, Canderel has developed a unique expertise and positioning in value creation, performance optimization and improving return on real estate investments. Since its beginnings, the company has managed more than $15 billion in acquisitions, developments and management projects, reflecting over 60 million square feet of property acquired, managed and developed since the company's inception.

iA Financial Group is a business name and trademark of iA Financial Corporation Inc. and Industrial Alliance Insurance and Financial Services Inc.

SOURCE iA Financial Group

© Canada Newswire, source Canada Newswire English

All news about IA FINANCIAL CORPORATION INC.
11/17Toronto Stocks Slide, Uranium Royalty Inches Up on U.S. Portfolio Acquisition
DJ
11/17IA Private Wealth Announces Launch of U.S. Registered Investment Advisor Firm
AQ
11/17IA FINANCIAL CORPORATION INC. : Ex-dividend day for
FA
11/16IA Financial Group announces changes to its Executive Committee
AQ
11/16IA Financial Corporation Inc. Announces Executive Changes
CI
11/09Transcript : IA Financial Corporation Inc., Q3 2022 Earnings Call, Nov 09, 20..
CI
11/09Toronto Stocks Slide, IA Financial Falls on 3Q Profit Decline
DJ
11/09IA Financial Reports Higher Q3 Core Profit; Declares Dividend
MT
11/09IA Financial Corporation Inc. announces an Equity Buyback for 5,265,045 shares, represe..
CI
11/09IA Financial Corporation Inc. Reports Earnings Results for the Third Quarter and Nine M..
CI
More news
Analyst Recommendations on IA FINANCIAL CORPORATION INC.
More recommendations
Financials
Sales 2022 - - -
Net income 2022 782 M 584 M 584 M
Net Debt 2022 - - -
P/E ratio 2022 9,94x
Yield 2022 3,49%
Capitalization 7 835 M 5 858 M 5 858 M
Capi. / Sales 2022 -
Capi. / Sales 2023 -
Nbr of Employees 7 000
Free-Float 99,9%
Chart IA FINANCIAL CORPORATION INC.
Duration : Period :
iA Financial Corporation Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends IA FINANCIAL CORPORATION INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 74,52 CAD
Average target price 82,11 CAD
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Denis Ricard Director
Jacques Potvin Chief Financial Officer, Chief Actuary & EVP
Jacques Martin Director
Alain Bergeron Chief Investment Officer & Executive VP
Nicolas Darveau-Garneau Independent Director
Sector and Competitors