ICAMAP and Ivanhoé Cambridge launch Paris office investment fund

ICAMAP and Ivanhoé Cambridge have launched ICAWOOD, a fund managed by ICAMAP to develop new-generation low-carbon offices in the Greater Paris region.

ICAWOOD has raised €750 million ($847 million) of equity capital, for an overall investment capacity of €1.6 billion, enabling it to develop between 200,000 to 300,000 square meters (2.2 million square feet to 3.2 million square feet) of low-carbon offices by 2028. It will implement building technologies developed by WO2 (a subsidiary of Woodeum Group) that significantly reduce construction carbon footprint and nuisances, while providing exceptional user comfort.

Ivanhoé Cambridge SICAV SIF, a real estate subsidiary of Caisse de dépôt et placement du Québec, is the cornerstone investor in the fund, which includes 12 institutional and family office investors. Ivanhoé Cambridge SICAV SIF chairs the Investors’ Advisory Committee.

Guillaume Poitrinal, chairman of ICAMAP, and Philippe Zivkovic, chairm