Ivanhoé Cambridge and Claridge have created a second investment vehicle for real estate projects in Quebec’s urban centers, primarily Quebec City and Montréal. The partners are backing real estate projects alongside Quebec developers.
The first $100 million Quebec vehicle, launched in 2016, has invested in nine residential projects in Greater Montreal and one in the Quebec City area. All of the vehicle’s projects are under construction or have been completed. Including both condos and rental housing, these projects are varied: high- or medium-density rental housing, mixed use, student housing and upscale condos.
The second vehicle will add to the growth of Ivanhoé Cambridge’s portfolio in the Montreal and Quebec City areas, investing alongside local developers.
Wayne Heuff, executive VP and managing director for Claridge Real Estate, said they are “confident that t
