Ivanhoé Cambridge and Claridge launch a second $100-million vehicle for investing in Quebec

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Ivanhoé Cambridge and Claridge announce today the creation of a second investment vehicle for real estate projects in Quebec’s urban centres, primarily Quebec City and Montréal. The first $100-million Quebec vehicle, launched in 2016, has invested in 9 residential projects in Greater Montreal and one in the Quebec City area. All of the vehicle’s projects are under construction or have been completed. Including both condos and rental housing, these projects are varied: high- or medium-density rental housing, mixed use, student housing and upscale condos. The second vehicle announced today will add to the growth of Ivanhoé Cambridge’s portfolio in the Montreal and Quebec City areas, investing alongside local developers. false false false Examples of projets Here are five projects in which Ivanhoé Cambridge and Claridge have chosen to invest: false false true About Ivanhoé Cambridge Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at June 30, 2018, and 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 more information: ivanhoecambridge.com. About Claridge Founded in 1987 by Charles Bronfman, Claridge is an investment firm headquartered in Montreal. It represents the interests of the Stephen Bronfman family. It is actively engaged in managing a diversified portfolio of third-party investments as well as direct interests in companies active in the food, technologies, energy, real estate and entertainment industries. claridgeinc.com