IGB Real Estate Canada inks its first deal with the acquisition of Mont Tremblant Retail Village

    MONTREAL, Jan. 16 /CNW Telbec/ - IGB Real Estate Canada Inc. has
completed the first of many planned acquisitions that will be syndicated to
European investors. The acquisition involves 100% interest in the 150,000
sq.ft. Retail Village of Mont Tremblant Quebec, which is the hub of one of the
leading four seasons resorts in North America. The Village will continue to be
managed by Intrawest. The property will be syndicated in Germany by IGB AG of
    The IGB Canada team is committed to establishing the firm as an
influential equity provider and the primary source for German investors
interested in quality Canadian real estate. Led by principals Richard Geurts
and Stephen Lewis, both with more than 25 years of experience in Canadian real
estate and investment management, IGB Canada will create closed-end equity
funds to acquire existing quality real estate as well as offer an alternative
equity source to real estate developers within Canada, under terms that are
equal or better than traditional equity sources. IGB Canada will also serve as
the Investment Manager for all assets acquired in Canada.
    "The acquisition of Mont Tremblant Retail Village represents the type of
quality and prestige developments that are highly marketable in Europe with
our investors," says IGB Canada Partner Richard Geurts. "Canada is of great
interest to our European investors and IGB has tremendous access to passive
new equity for the Canadian market. We are actively looking for commercial
properties that will meet our quality criteria and we are confident that our
Mont Tremblant deal is just the first of many high profile and successful
acquisitions. Our objective is to quickly establish ourselves as the primary
source for German investors interested in quality Canadian real estate."

    IGB Canada is a division of IGB Group of Hamburg, which develops and
markets innovative capital investment products to German investors including
ship investments and closed end real estate funds. The IGB Group was founded
in Germany in 2003 by Joerg Kanebley and Peter Kampf and has raised more than
$350 million in equity on an investment volume of approximately $1 billion
over the past five years. Since becoming active in North America over the past
two years, IGB has successfully syndicated nine retail malls in Southern
California with a value of close to $400 million.
    IGB Canada's head office is in Toronto.

For further information:

For further information: Stephen Lewis, (647) 588-2492, email:
stephenmlewis@rogers.com; Richard Geurts, (416) 726-0451, email:

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