Transactions - NOVEMBER 3, 2014

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Ivanhoé Cambridge buys and sells assets around the world

by Andrea Waitrovich

Ivanhoé Cambridge has been active on the selling and buying side for its real estate portfolio, with investments totaling $1.31 billion in sales price.

Ivanhoé Cambridge, a real estate subsidiary of the Caisse de dépôt et placement du Québec, acquired an approximately 40 percent interest in a portfolio of properties located in downtown Denver — including the US Bank Tower, the Tabor Center and the adjacent Two Tabor development site — from the Canada Pension Plan Investment Board for more than $200 million. CPPIB had been part of the original joint venture since 2007.

With this transaction, Ivanhoé Cambridge becomes one of the main landlords in Denver's CBD, with an ownership position representing approximately 6 percent of class A office inventory in downtown Denver.

Ivanhoé Cambridge also made investments in Europe. Tristan Capital Partners and VGP sold a portfolio of 58 warehouses and

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