Dentons and SAP sign leases at Place Ville Marie

A first in Canada: the Place Ville Marie (PVM) business campus obtains
the WELL Health-Safety Rating

Montreal – Ivanhoé Cambridge is proud to announce SAP Canada, the market leader in enterprise application software, will occupy more than 6,030 m2 (65,000 ft2) on the 16th and 17th floors of 5 PVM as of the summer of 2021, enabling its 1,000 employees to collaborate in high-quality space connected to the heart of the city. In addition, Dentons, the world’s largest law firm, will remain on the 38th and 39th floors of 1 PVM for the next 15 years with a lease of 4,645 m2 (50,000 ft²). The offices will be completely redesigned to accommodate its members. 

“Even though the pandemic created an unprecedented situation for office buildings in 2020, a number of large companies, such as Dentons and SAP, are choosing to move into AAA offices, which are still very much in demand,” said Nathalie Palladitcheff, President and Chief Executive Officer of Ivanhoé Cambridge. “The PVM campus offers dynamic, collaborative and flexible workspaces that help maintain and strengthen the corporate culture, as well as high-end services sought by the multitude of businesses that are already drawn to the heart of downtown Montréal.”

“With over 200 members, Dentons’ Montréal office has been located at PVM for over 35 years. The ideal location of this emblematic tower, close to all services, and its spacious and bright premises are highly appreciated by our people. This continuity will allow us to maintain central access to our offices and to begin modernizing our workspaces by integrating new technologies as well as collaborative and versatile areas in a sophisticated and stimulating environment,” said Claude Morency, Managing Partner of Dentons’ Montréal office.

“In choosing to move to 5 PVM, we did so with our employee experience in mind,” added Cindy Fagen, Managing Director at SAP Labs Canada. “PVM is an iconic campus in the heart of the city, accessible by many modes of transportation, hosts a multitude of services and a vibrant and innovative workplace. We look forward to building a flexible space that responds to the evolving expectations employees have for their work environment, at our new home at Place Ville Marie.”

A business campus with the WELL Health-Safety Rating 

Ivanhoé Cambridge is the first company in Canada to obtain the WELL Health-Safety Rating for Facility Operations and Management, for its PVM business campus.

As a standard of trust and excellence, the WELL Health-Safety Rating, validated by a third party, Green Business Certification Inc., demonstrates that Ivanhoé Cambridge has adopted the industry’s highest standards for cleaning and sanitization, emergency preparedness, health service resources, and air and water quality management, to  respond to the pandemic and to meet the future needs of PVM’s occupants.


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