Tishman Speyer, one of the world’s leading owners, developers, operators and fund managers of first-class real estate around the world, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investment managers, today announced the sale of Tour Pacific to Société Générale Insurance for an undisclosed amount.
PSP Investments and Tishman Speyer acquired the 53,000 sq.m. office building, located in Paris’ La Défense business district, in 2013. Following an extensive renovation and refurbishment program that transformed this 20-year-old office tower into a modern and efficient building, they have successfully leased approximately 50,000 sq.m. to over 30 tenants including CA Technologies, McAfee, Whirlpool, Manhattan Associates, RSA, NTT and Accenture.
Tour Pacific’s tenants benefit from an iconic and modern design, direct access to natural light and a rooftop garden, in addition to new amenities such as a lounge, conference centre and fitness space. The building is also well-connected to major transport hubs, making it easily accessible by bus, metro, train and tram. The building is certified HQE Exploitation Excellent and Wired Certified Platinum.
“Tishman Speyer is very proud of our contribution to the transformation of Tour Pacific,” said Philippe Joland, Senior Managing Director, President of Tishman Speyer France SAS. “Our goal was to attract clients in the 800-3,000 sq.m. segment by creating a highly appealing office building with new services and amenities, while providing a great work environment for the end users. We also believe that managing the asset directly creates additional value through the development of a unique relationship with the tenants. Tour Pacific has become a long-term, high-quality asset with a core profile as evidenced by the sale to Société Générale Insurance.”
“Tour Pacific is an exemplary case of PSP’s ability to align itself with best-in-class partners to execute on tactical value creation strategies in core global markets,” said Stéphane Jalbert, Managing Director, Real Estate (Europe and Asia Pacific) at PSP Investments. “Tour Pacific was modernized through a comprehensive refurbishment to meet the demands and expectations of today’s tenants, while taking advantage of the unique building design and vibrant La Défense submarket.”
Good News for Retailers: Consumers Plan to Spend More This Year on Holiday Gifts
U.S. Households Plan to Spend an Average of $627 this Season
With consumer confidence at an 18-year high, U.S. households are approaching the holidays in good spirits, with intentions to spend about $627 on gifts this season, according to a survey by The Conference Board. This is well above last year’s estimated $560. In keeping with the holiday tradition of bargain hunting, consumers say they will be expecting discounts. In fact, more than a third say they expect – at a minimum – to purchase half their gifts at a discount.
The survey of holiday gift spending intentions, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The survey was conducted for The Conference Board in October as part of the Consumer Confidence Survey®.
“Consumers are excited about the holiday season and are ready to shop,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumer confidence is at an 18-year high. Unemployment is the lowest in decades. Given the strong economy and job growth – with expectations of more in the New Year – retailers should expect strong demand this season, with the potential to be one of the best shopping seasons in years. However, they will still face a tough and discriminating consumer – one who is expecting bargains and willing to wait for a deal. Retailers will need to get creative and offer numerous deals and promotions, especially given the increased competition from online merchants.”
According to the survey, approximately 12 percent of consumers plan to spend more this year on holiday gifts. Sixty-five percent plan to spend about the same as last year, and the remaining 24 percent say they plan to spend less. A greater number of consumers will be shopping online, with more than 37 percent of consumers planning to make at least half of their purchases online.
Source: The Conference Board Holiday Spending Survey, October 2018
The Palais des congrès de Montréal honours 18 Ambassadors who generated $73M for the economy
During their Recognition Award Gala of November 8, the Palais des congrès de Montréal marked the invaluable collaboration of 18 Ambassadors who helped bring 12 international conferences to Montréal. These major events represent over $73 million in economic benefits for Montréal and Québec, and will draw more than 32,000 delegates to the city. “Montréal hosts more international events than any other city in the Americas, an honour vastly attributable to our Ambassadors and their commitment to advocating for their city and their scientific fields all over the world,” mentioned Robert Mercure, President and CEO of the Palais des congrès de Montréal. “The Recognition Award Gala recognizes the undeniable contribution and leadership of these Ambassadors, but also the role played by our industry partners, especially Tourisme Montréal and the Hotel Association of Greater Montréal,” he added.
“For over 30 years, the Club’s Ambassadors have helped to make Montréal the city that hosts the greatest number of international events in North America. They include dedicated individuals who, through their efforts to attract thousands of convention delegates to Montréal, are enabling Québec to take advantage of a striking showcase among international clienteles”, noted Minister of Tourism Caroline Proulx.
327 INFLUENTIAL MEMBERS
The Recognition Award Gala shines the spotlight on the exceptional work of these dynamic and influential women and men who, on top of their regular careers, actively involve themselves in the process of attracting international conferences to Montréal, and the Palais. This year, 16 new well-known figures joined the Ambassadors Club, while two existing members confirmed their Emeritus Ambassador status for delivering a second international conference in the case of Professor Fabrice Labeau, and a third conference for Professor Hany Moustapha, who is also the Club’s President. “Since 1985, the passion that drives the 327 members of the Club has helped attract nearly 250 major events, which have contributed $1.1 billion to the city’s and province’s economy, plus significant intellectual wealth,” said an enthusiastic Professor Hany Moustapha, President of the Ambassadors Club.
Ambassadors APPOINTED IN 2018
- Professor Shirley Lehnert and Professor Jan Seuntjens
17th International Congress on Radiation Research – ICRR 2023, September 2023
- Professor James J. Clark
18th International Conference on Computer Vision – ICCV 2021, October 2021
- Professor Joelle Pineau and Professor Doina Precup
30th International Joint Conference on Artificial Intelligence – IJCAI 2021, July 2021
- Professor Yola Moride
33rd International Conference on Pharmacoepidemiology & Therapeutic Risk Management, August 2017
- Professor Wahab Almuhtadi and Mr. Ibrahim J. Gedeon
42nd IEEE International Conference on Communications – ICC 2021, June 2021
- Professor Denis deBlois and Professor Lyne Lalonde
7th FIP Pharmaceutical Sciences World Congress, May 2020
- Professor Ali Hafez
9th International Congress on Glaucoma Surgery – ICGS 2018, September 2018
- Professor Hany Moustapha, Emeritus Ambassador
Global Power & Propulsion Society Conference, GPPS 2018, May 2018
- Professor Karim Benyekhlef and Professor Fabien Gélinas
21st Annual General Meeting – Internet Corporation for Assigned Names and Numbers – ICANN66, November 2019
- Professor Fabrice Labeau, Emeritus Ambassador
IEEE SENSORS 2019 – The 18th IEEE Conference on Sensors, October 2019
- Mr. Dominic Bruneau
World Robot Olympiad – WRO 2020, November 2020
- Dr. Susan Kahn and Dr. Marc Rodger
XXXI ISTH Congress with 69th Annual SSC Meeting – International Society on Thrombosis and Haemostasis, June 2023
EMERGING RESEARCHERS RECOGNIZED
During the evening, tribute was also paid to three winners of the Fonds de recherche du Québec Relève étoile award for emerging researchers. They are Catherine Bélanger, Maude Brunet and Kha Han Lisa Dang. This competition makes it possible to recognize the excellent research being conducted by young researchers and to foster research careers within Québec universities.
Also, the Institut de recherche Robert-Sauvé en santé et en sécurité du travail saluted the work of Franck Sgard and Jérémie Voix, recipients of the very first IRSST – Ambassadors Club award, for bringing the 26th International Congress on Sound and Vibration – ICSV26 to Montréal.
A SPECIAL EVENING TO MARK THE 35 YEARS OF THE PALAIS
Hosted by Pierre Chastenay, the evening also showcased the culinary talents of Capital Catering and the city’s seven major hotels: the Delta Hotel by Marriot Montréal, Fairmont Queen Elizabeth, Marriott Château Champlain, Westin Montréal, Sheraton Centre Montréal, InterContinental Montréal and Hyatt Regency Montréal. Produced by the Palais des congrès, the 2018 Recognition Award Gala was made possible thanks to some outstanding support, especially from Freeman Audio Visual Canada:
“A Canadian leader in high-tech innovation, Freeman Audio Visual Canada is proud to once again this year be the major sponsor of this remarkable event saluting the significant role the Ambassadors play,” mentioned Bernard Carignan, Regional Director – Eastern Region.
The Palais’ production partner, Idées au cube, also had a hand in the evening’s success:
“Idées au cube was proud to lend its creativity and knowhow to this prominent event. This year, we challenged ourselves to showcase the architectural elements of the Palais as a way of staging the content in a lively and inventive manner, and ultimately create an exceptional event,” explained Nathalie Gélinas, Producer.
RESERVING A SPOT FOR SUSTAINABILITY
Together with GDI, the Palais des congrès once again proudly gave the flowers from the event a second life by donating them to the residents of the Centre d’hébergement Manoir-de-l’Âge-d’Or. An original way to spread happiness while fostering the social aspect of the Palais’ longstanding sustainability plan!
For complete details on the event, go to congresmtl.com/gala.
Rutgers Business School symposium on Nov. 7 to address how executives to recent college graduates can stay relevant in the digital economy
Experts from Google, McKinsey, LinkedIn, edX, Rutgers and more to offer solutions to companies and individuals on how they can refresh their knowledge and skills
To re-skill or up-skill is no longer the question. Companies are automating more and more jobs that could replace up to 33 percent of the U.S. workforce by 2030 according to a report by McKinsey & Company [view study].
According to the business scholars John Seely Brown and Peter Denning, “The half-life of a learned skill is 5-years” – this means that much of what you learned 10 years ago is obsolete and half of what you learned five years ago is irrelevant.
Rutgers Business School (RBS) is hosting a business community engagement symposium on Nov. 7 on how organizations and workers can get ahead of the curve. “Lifelong Learning in the Digital Era” is bringing together experts from Google, McKinsey, LinkedIn, edX, Rutgers and more to offer solutions to companies and individuals on how they can refresh their knowledge and skills and not become irrelevant in the new digital economy.
“The pace of change in technology requires both management and the workforce to keep their skills current,” said Lei Lei, dean of Rutgers Business School. “Otherwise, they will lose out to competitors that have increased their efficiency and stimulated product innovation,” she said.
According to Leon Fraser, assistant professor of professional practice at Rutgers Business School and organizer of the half-day event, recent college graduates as well as seasoned executives must refresh their skills regularly or risk becoming irrelevant and disposable. “This symposium raises awareness on the pressing business issue of “lifelong learning” and offers companies and individuals useful information that will help them survive and thrive,” said Fraser.
The event will take place on Wednesday, November 7 from 8 AM to 1 PM at Rutgers Business School in Newark, NJ. Breakfast and lunch are provided. Special keynote speaker will be international best-selling author Warren Berger, known for his writing about the power of questioning.
Interested in attending, register by Nov. 2.
RBS Business Community Engagement Symposium: Lifelong Learning in the Digital Era
The world is changing faster than ever and our skill sets have a shorter life.
Wednesday, November 7, 2018
8:00 AM – 1:00 PM EST
Rutgers Business School
1 Washington Park
Newark, NJ 07102
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