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Ivanhoé Cambridge Partners with Lendlease to Invest in Life Science Developments

Sector: Commercial • Location: United States

Source: Caisse de dépôt et placement du Québec

Project
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Ivanhoé Cambridge, a global real estate investor, and Lendlease (ASX: LLC), a leading global real estate and investment group, announced today they joined forces to launch a new life science joint venture that will deliver state-of-the-art labs, offices and manufacturing spaces in high-growth life science clusters across the U.S. Leveraging the success of their partnership to develop 60 Guest Stre

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The project “Ivanhoé Cambridge Partners with Lendlease to Invest in Life Science Developments” is an infrastructure initiative in the Commercial sector, located in United States. Taiyo aggregates data on it from Caisse de dépôt et placement du Québec.

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Description

Description

Ivanhoé Cambridge, a global real estate investor, and Lendlease (ASX: LLC), a leading global real estate and investment group, announced today they joined forces to launch a new life science joint venture that will deliver state-of-the-art labs, offices and manufacturing spaces in high-growth life science clusters across the U.S. Leveraging the success of their partnership to develop 60 Guest Street in Boston, Lendlease and Ivanhoé Cambridge plan to invest an initial $500 million of equity with aspirations to grow the portfolio through additional equity investments over time. For more details, read the complete news release on Ivanhoé Cambridge's website.

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