LONDON, UNITED KINGDOM and MONTREAL, QC, March 10, 2015 /CNW Telbec/ - Ivanhoé Cambridge announced today the acquisition of 3 Minster Court, a high-quality office property located in London's EC3. Ivanhoé Cambridge's overall investment totals more than £170 M.
The 275,000 square-foot (25,600 m2) neo-gothic property was built in the early 1990s by the Prudential and is leased to London Underwriting Center.
"3 Minster Court meets our investment objective to build critical mass of high-quality assets in London. EC3 is one of the most sought-after office markets in London. We believe we can add value to the property over time." said Meka Brunel, Executive Vice President, Europe, Ivanhoé Cambridge.
Greycoat, FREO and DTZ acted for Ivanhoé Cambridge.
About Ivanhoé Cambridge
Ivanhoé Cambridge leverages its broad expertise, investing in, operating and developing real estate properties and companies to deliver optimal returns for its investors. Through multiple subsidiaries and partnerships, Ivanhoé Cambridge holds assets located mainly in Canada, the United States, Europe, Brazil, Mexico and Asia, which totalled more than Cdn$42 billion as at December 31, 2014. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For further information, visit ivanhoecambridge.com.
SOURCE Ivanhoé Cambridge
Image with caption: "Ivanhoé Cambridge acquires 3 Minster Court in the City of London (CNW Group/Ivanhoé Cambridge)". Image available at: http://photos.newswire.ca/images/download/20150310_C7166_PHOTO_EN_12998.jpg
For further information: Ivanhoé Cambridge: Sébastien Théberge, [email protected], +1 866-456-3342 (Global)