LONDON, UK and MONTREAL, Aug. 20, 2014 /CNW Telbec/ - TPG Real Estate and Ivanhoé Cambridge announce the sale of Woolgate Exchange to Cathay Life, one of Taiwan's largest insurance firms.
Woolgate Exchange is a 351,000 square foot (33,000 square metre) office building located in the heart of the City of London, close to the Bank of England. The asset is 100% leased to Portigon AG, with high-quality sub-tenants including Investec Asset Management, NASDAQ OMX, Sidley Austin and the University of Chicago.
About TPG Real Estate
TPG Real Estate is the real estate platform of TPG, a leading global private investment firm founded in 1992 with US$59 billion of assets under management and offices in San Francisco, Fort Worth, Austin, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, São Paulo, Shanghai, Singapore and Tokyo. TPG has extensive experience with global public and private investments executed through leveraged buyouts, recapitalizations, spinouts, joint ventures and restructurings. The firm's real estate transactions have included ST Residential, Catellus Development Corporation, Taylor Morrison Home Corporation (NYSE:TMHC), Parkway Properties, Inc. (NYSE:PKY), Merin BV, M West Holdings, L.P., PointPark Properties Sarl, Assisted Living Concepts, LLC, AV Homes, Inc. (Nasdaq:AVHI), and Evergreen Industrial Properties LLC, among others. For more information visit www.tpg.com.
About Ivanhoé Cambridge
Ivanhoé Cambridge is a world-class real estate company that leverages its high-level expertise in all aspects of real estate including investment, development, asset management, leasing and operations, to deliver optimal returns for its investors. Its assets, held through multiple subsidiaries and located mainly in Canada, the United States, Europe, Brazil and Asia, totalled more than Cdn$40 billion as at December 31, 2013. Its portfolio consists mainly of shopping centres, office and multiresidential properties. 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: ivanhoecambridge.com.
SOURCE: Ivanhoé Cambridge
For further information: TPG, Gavin Davis, Bell Pottinger, [email protected], Media Line: +44 20 7861 3159; Charlie Harrison, Bell Pottinger, [email protected], Media Line: +44 20 7861 3125; Ivanhoé Cambridge, Marie-Claude Dubeault, [email protected], Media line: +1 866-456-3342