Ivanhoé Cambridge and Blackstone announce the end of their concert on Gecina

PARIS, France, Jan. 22, 2016 /CNW Telbec/ - Ivanhoé Cambridge II Inc. ("Ivanhoé Cambridge") and real estate funds managed by Blackstone ("Blackstone") (and their affiliates, including Gevrey Investissement S.à.r.l., Gevrey Investissement II S.à.r.l., Moon Finance EIII ESC-Q S.à.r.l., Moon Finance VII ESC-Q S.à.r.l. and Moon Finance Holding-Q S.à.r.l.), which were acting in concert on the property company Gecina through a partnership managed by Blackstone (see AMF decision and notification No. 213C0350 of March 15, 2013), announce the dissolution of their partnership to hold Gecina shares in concert as of January 21, 2016.

In connection with the dissolution of the partnership, Ivanhoé Cambridge Inc. indirectly acquired 8,745,665 shares of Gecina from Gevrey Investissement S.à r.l., through its affiliates Juno Investments S.à r.l. and Omaha Investments S.à r.l., and 5,768,442 shares of Gecina from Gevrey Investissement II S.à r.l., through its affiliates Sword Investments S.à r.l. and Utah Investments S.à r.l.

About Blackstone

Blackstone is a global leader in real estate investing. Blackstone's real estate business was founded in 1991 and has approximately $93 billion in investor capital under management. Blackstone's real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes), Logicor (pan-European logistics), SCP (Chinese shopping malls), and prime office buildings in the world's major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.

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 has direct or indirect interests in over 160 million ft2 (up to 15 million m2) of office, retail and logistics properties as well as in more than 23,000 multiresidential units. Ivanhoé Cambridge held more than Cdn$48 billion in total assets as at June 30, 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. For further information: ivanhoecambridge.com.


SOURCE Ivanhoé Cambridge

For further information: Blackstone: Andrew Dowler, andrew.dowler@blackstone.com, +44 (0)20 7451 2575; Ivanhoé Cambridge: Sébastien Théberge, sebastien.theberge@ivanhoecambridge.com, Media line: +1 866 456-3342


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890