Multivesco wins $292.5M Gatineau federal office build contract

Peter Kovessy
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Public Works has unexpectedly awarded a third build-to-lease office construction contract that will add another 450,700 square feet of government space to Gatineau.

Multivesco will build a 16-storey office building for the federal government at 30 Victoria St.

The latest deal, signed recently with Multivesco Inc., means a total of almost 1.3 million square feet of government-leased office space will be under construction in Gatineau over the next few years.

The federal government anticipates moving 2,200 civil servants into the 16-storey building, located at 30 Victoria St., by June 1, 2013.

Under the agreement, Multivesco will lease the building to Public Works for 25 years at an annual rent of $11.7 million. At the end of the contract, the federal government will have the option of purchasing the land and building for $1.

Multivesco submitted its bid as part of the same procurement process that ended in Broccolini Construction winning a contract to build a similar size building at 22 Eddy St.

In a statement, Public Works says signing a contract with Multivesco avoided the need to undertake another costly tendering process, adding that its research indicated the 30 Victoria St. property is the only suitable site in the Hull district for a development of this size that could be quickly completed.

The department notes it negotiated the same annual lease rate with Multivesco as it did with Broccolini.

Broccolini also won a separate contract last month to build a 12-storey office building, containing 395,000 rentable square feet, on a Crown-owned site at 455 Boul. de la Carriere.

The three construction projects mean the federal government is poised to achieve its goal of locating 25 per cent of its National Capital Region office space on the Quebec side of the Ottawa River.

All three buildings will be constructed to a LEED-Gold environmental standard.

See also: Broccolini wins $505.75M Gatineau office tower contracts

Organizations: Multivesco, Public Works, Broccolini Construction

Geographic location: Gatineau, Victoria, Hull National Capital Region Quebec Ottawa River

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