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Canderel has been awarded a contract.


MONTREAL--(BUSINESS WIRE)--Nov. 16, 1995-- Canderel Management & Development Services Ltd. has been awarded the leasing and management contract for The Prudential Prudential is the name of two different companies and buildings named after them:

Companies:
  • Prudential plc is a United Kingdom-based financial services company.
  • Prudential Financial, Inc.
 insurance Company of America's portfolio of industrial properties in the Montreal region totalling over 900,000 square feet.

Richard Diamond, Vice-President, Canderel, indicated that, with this portfolio, the company will be managing for its own account and on behalf of institutions approximately 7 million square feet of commercial space. Based in Montreal, Canderel is well positioned to handle the properties, given its vertically integrated services In computer networking, IntServ or integrated services is an architecture that specifies the elements to guarantee quality of service (QoS) on networks. IntServ can for example be used to allow video and sound to reach the receiver without interruption.  in asset and facility management, and its presence in Montreal, Ottawa and Vancouver markets.

The Prudential Insurance Company of America is one of the largest financial institutions in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . It is also one of the most diversified diversified (di·verˑ·s  -- both in its business lines and its investments -- with worldwide assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing.  of $416 billion Canadian.

CONTACT: Richard Diamond, 514/842-8636
COPYRIGHT 1995 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 16, 1995
Words:147
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