Lorne Webster
Lorne Charles Webster | |
|---|---|
| Born | September 19, 1928 |
| Died | December 15, 2004 (aged 76) |
| Education | Lower Canada College[1] |
| Alma mater | McGill University (B.Eng.)[1] |
| Spouse | Meredith Evans[2] |
Lorne Charles Webster (September 19, 1928 – December 15, 2004) was a Canadian financier, businessman and philanthropist. He was the chairman and founder of Prenor Group Limited, a conglomerate with over $500 million in assets that had investments in insurance, trust services, investment management and real estate in Canada, the United States and Europe.[1] He was also the co-owner and co-founder of the Montreal Expos.[3][1]
Early life and education
[edit]Webster was born in Montreal, Quebec, in 1928 and educated at Lower Canada College and McGill University.[1] He started his career at his family's business, Canadian Import, a petroleum company.[3]
Career
[edit]Webster was a director of Bank of Montreal, Domtar, Murphy Oil, Québecor and Dale-Ross Holdings.[3]
Real Estate
[edit]Webster was a longtime business partner of real estate investor René G. Lépine.[4] In 1969, Webster and Lépine purchased the 140-unit apartment building Tour Horizon at 1212 Pine Avenue in Montreal for $3 million.[4] The same year, they purchased the 181-unit apartment building Le Cartier Tower at 1115 Sherbrooke Street in Montreal from the Montreal Trust Company out of receivership for $6 million.[4] Both buildings had high vacancies and were renovated extensively.[4] In 1971, Lépine and Webster wanted to purchase the Van Horne Mansion, adjacent to Le Cartier, and were planning a $7 million office building development.[4] Lépine purchased the Webster family's shares of Le Cartier Tower in 2005.
Personal life
[edit]His paternal grandfather was Lorne Campbell Webster. His maternal grandfather was Charles Frosst, founder of the company that became Merck Frosst.
References
[edit]- ^ a b c d e "Honorary degree citation - Lorne Webster".
- ^ "Lorne Charles WEBSTER Obituary (2004) the Globe and Mail". Legacy.com.
- ^ a b c Niosi, Jorge. "Webster, Lorne Campbell". The Canadian Encyclopedia. Archived from the original on June 8, 2011. Retrieved 2009-08-04.
- ^ a b c d e "New office tower planned". The Montreal Star. 1971-03-13.