- Canadian National Railway Co. agreed Wednesday to sell its Central Station complex in Montreal to Homburg Invest Inc., but will keep its headquarters in the facility.
CN Rail said it expects to get $355-million for the downtown Montreal property, and will lease back the 17-storey office building that houses its headquarters.
The sale and long-term lease deal will also allow the station's passenger facility to continue being used by commuter trains, Via Rail Canada and Amtrak, Canadian National said.
Canadian Pacific Railway Ltd. announced last month that it also wants to sell its Windsor Station in Montreal as part of a plan to monetize the value of its real estate assets.