Ivanhoé Cambridge reduces its interest from 7.8% to slightly above 5% of the trust units
MONTREAL, June 7, 2016 /CNW Telbec/ - Ivanhoé Cambridge announces that it has reduced its interest in Cominar Real Estate Investment Trust (TSE: CUF.UN) to slightly above 5% of the REIT's trust units.
"We are satisfied with our participation in Cominar since 2014," said Claude Sirois, President, Ivanhoé Cambridge Retail. "We look forward to continuing our close collaboration in projects of mutual interest in Canada."
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and companies in select cities around the world. It does so prudently with a long-term view to optimize risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners that are leaders in their respective markets.
Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in close to 500 properties, consisting primarily in office, retail, residential and logistics real estate. Ivanhoé Cambridge held more than Cdn$55 billion in assets as at December 31, 2015. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers.
SOURCE Ivanhoé Cambridge
For further information: Sébastien Théberge, +1 866-456-3342, Sebastien.Theberge@ivanhoecambridge.com