Canadian National Railway Company Agrees to C$355 Sale Leaseback of HQ & Central Station Complex in Montreal

Canadian National Railway Web Site - September 19, 2007

Canadian National Railway Company and Homburg Invest Inc. announced today that they have reached an agreement under which Homburg Invest will purchase the Central Station Complex (CSC) in Montreal and CN will leaseback its corporate headquarters building and Central Station railway passenger facilities for C$355 million. The transaction is expected to close by yearend.

Under the agreement, CN will lease back its 17-storey office headquarters building and Central Station railway passenger facilities on a long-term basis. Central Station includes the Grand Hall, train platforms and portions of the sub-track level. The property also has the potential for up to one million square feet of additional development.

Brookfield Financial acted as the exclusive advisor to CN in the transaction. Sphere: Related Content