Mr. Rene Demers reports

NATIONAL BANK PROVIDES A GREEN LOAN TO KEVRIC AND A CANADIAN PARTNER TO REDEVELOP 600 DE LA GAUCHETIERE WEST

National Bank of Canada has provided a green loan to Kevric and its financial partner to contribute to the transformation and improve the energy performance of National Bank's former head office building at 600 De La Gauchetiere West in Montreal. Once renovations are complete, the project aims to obtain LEED Gold environmental certification, reinforcing the partners' joint commitment to sustainable development.

This partnership marks a major milestone in the history of this building, which was occupied by National Bank for more than 40 years. The initiative aims to transform the building for future generations, breathing new life into it by equipping it with modern, sustainable infrastructure.

Highlights

The project has the following goals:

• Reduce energy use: Adopt innovative technology and approaches to reduce environmental impact;

• Recommission all electromechanical equipment in the building: Recalibrate and optimize systems to ensure comfortable, efficient and sustainable operations;

• Optimize natural light: Install new windows and reorganize spaces to maximize natural lighting;

• Provide a next-generation work environment: Design modern, flexible spaces that integrate cutting-edge technology, feature abundant natural light and promote the wellbeing and productivity of future occupants;

• Connect to Montreal's economic ecosystem: Integrate the renovated building into the economic fabric of the downtown area, making it more attractive to new tenants and contributing to the city's economic vitality;

• Adopt responsible building practices: Minimize environmental impact during renovations and long-term operations.

"By supporting the redevelopment of this building, which has played a significant role in the Bank's history, we're affirming our commitment to create a better environment for future generations of workers. This transformation will minimize the building's carbon footprint while revitalizing Montreal's downtown core, making it even more attractive and dynamic," said Rene Demers, senior vice-president -- commercial and private banking, real estate, at National Bank.

"The revitalization of 600 De La Gauchetiere reflects our vision of transforming iconic buildings to create contemporary spaces that are adapted to their occupants' needs and aligned with the industry's latest environmental practices. National Bank's financial support will be essential in bringing this ambitious vision to life," said Sebastien Hylands, president of Kevric.

Notes

LEED is an acronym for Leadership in Energy and Environmental Design. LEED is a registered trademark of the U.S. Green Building Council and licensed in Canada to the Canada Green Building Council.

National Bank defines loans as "green" based on internationally recognized methodologies such as the "green loan principles" published by the Loan Market Association.

About National Bank of Canada

With $462-billion in assets as at Oct. 31, 2024, National Bank of Canada is one of Canada's six systemically important banks. It has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: personal and commercial banking, wealth management and financial markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations.

About Kevric

For many years, Kevric Investments has made its mark as real estate leader in Montreal and across Canada. The company's growing reputation in the Montreal, Ottawa and Toronto regions has firmly established it as one of the country's leading developers, private owners and commercial real estate managers. With its expertise in identifying, acquiring and repositioning buildings, Kevric has redeveloped numerous first-class buildings, thereby contributing to creating the value highly sought after by its partners. It offers specialized services in building construction and redevelopment, asset management, leasing and project financing. It currently co-owns and manages Place Bonaventure, Aimia Tower (soon to be renamed Air Canada Tower) and 1100 Atwater in Montreal, along with a dozen buildings in Toronto.

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