Ivanhoé Cambridge and RBC Royal Bank today announced that they have signed a long-term lease agreement under which RBC will invest in renovations to its space at 1 Place Ville Marie.
RBC Royal Bank’s plans will include renovation of selected areas at Place Ville Marie, and relocation of some operations to purpose-built office space on the concourse level, where it will provide outstanding visibility for the RBC brand at street level as well as in the high-traffic, underground pedestrian network.
“We are very proud of the relationship RBC Royal Bank has maintained with Place Ville Marie for more than 55 years,” said Bernard Poliquin, Senior Vice President, Office, Quebec, at Ivanhoé Cambridge. “RBC Royal Bank has renewed its commitment to Place Ville Marie and reaffirmed its position as an economic leader in the epicentre of downtown Montreal.”
Martin Thibodeau, President, Quebec Headquarters, RBC, said: “We are extremely pleased to be continuing as the largest tenant of this emblematic tower where we have been located since 1962, when we became the building’s first tenant.” He added: “The launch of renovations within Place Ville Marie demonstrates our commitment to delivering even better service to our commercial and personal banking clients, while providing our employees with a modern workspace and leading-edge technology.”