Ivanhoé Cambridge appoints JLL for Canadian retail operations

Ivanhoé Cambridge will transition the operations of its Canadian shopping centers over to JLL.

The vast majority of Ivanhoé Cambridge's property team of retail employees are expected to join JLL Canada, whose management team and key decision-making roles will be headquartered in Montreal. JLL also plans to open an office in Québec City in the coming months.

"Retail has been going through a transition period over the last decade plus, where the focus has become on creating sustainable and dynamic experiential settings that engage and excite the communities it serves — and the pandemic has acted as a major accelerant on those trends," said Greg Maloney, CEO, JLL Americas Retail.

JLL also will collaborate with Ivanhoé Cambridge to develop a Center of Excellence for Sustainability (COES) in Quebec, and an accompanying team, to accelerate the transition to sustainable and inclusive real estate through the development and implementation of current and near-futur