Ivanhoé Cambridge and The We Co. have created a strategic partnership to acquire and develop real estate properties globally, jointly or in partnership with other investors. The acquisition platform will have nearly $2.9 billion in equity investment.
The strategic partnership will be led by ARK, The We Co.’s new real estate acquisition and management platform. The ARK team will focus mainly on the acquisition and development or redevelopment of properties and single or mixed-use real estate projects, across multiple asset classes that will benefit from the integration of the suite of services offered by The We Cos.
“We believe there is enormous upside in disrupting traditional norms of real estate. We share the same vision, commitment to social responsibility, and long-term approach towards real estate making this a natural partnership and one that we are confident will be transformational for both companies,” said Sylvain Fortier, chief investment and innovation officer at Ivanhoé Cambridge.