Creation of Ivanhoé Cambridge Europe
MONTREAL, Sept. 29, 2011 /CNW Telbec/ - Ivanhoé Cambridge announces
today that it is regrouping its activities in France, Spain, United
Kingdom and Germany under the banner "Ivanhoé Cambridge Europe". This
reorganization is part of a business strategy that began in the spring
of 2011 with the consolidation of its subsidiaries, SITQ and Ivanhoe
"The creation of Ivanhoé Cambridge Europe enables us to better leverage
our investment expertise and our operational excellence, which puts us
in an ideal position to maximize investment opportunities within
Europe," said Daniel Fournier, Chairman and Chief Executive Officer at
Méka Brunel, Executive Vice President, Europe, will head Ivanhoé
Cambridge Europe and will be supported by the following management
Claude Dion, Senior Vice President, Asset Management, Europe, will oversee asset management within the office and shopping centre
portfolio by January 2012.
Michel Cyr, Senior Vice President, Development, Europe will oversee all retail and office development activities by January
Arnaud Malbos, Vice President, Investments, Europe will be responsible for investments within the office and shopping
Grégoire Peureux, Vice President, Finance, Europe will be responsible for all activities related to finance.
Frédéric Vern, Director, Legal Affairs, Europe will be responsible for all matters pertaining to legal affairs.
"This regrouping makes us a major real estate player in Europe," noted
Méka Brunel, Executive Vice President, Europe. With over 80 employees,
Ivanhoé Cambridge Europe owns a portfolio of 14 properties totalling
384,000 square metres (4.1 million square feet) of office space and 7
shopping centres. Its assets reached €4,858 million (CDN$6.475 million)
as at December 31, 2010. « I am particularly proud of our team. The
depth of our combined expertise speaks to our commitment to the
European market," she added.
About Ivanhoé Cambridge
Ivanhoé Cambridge, one of the world's 10 largest real estate companies,
is a prominent Canadian-based real estate owner, manager, developer and
investor with a portfolio covering three sectors: shopping centres,
office and multi-residential buildings. As at December 31, 2010, the
Group's assets totalled more than CAD$30 billion and were present in 24
countries around the world. Headquartered in Montréal, Québec, Ivanhoé
Cambridge is the real estate subsidiary of the Caisse de dépôt et
placement du Québec, one of Canada's leading institutional fund
managers. For more information, visit www.ivanhoecambridge.com.
SOURCE IVANHOE CAMBRIDGE
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