Ivanhoe Cambridge
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Private Subsidiary of Caisse de dépôt et placement du Québec |
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| Industry | Commercial real estate |
| Founded | May 12, 1953 |
| Headquarters | Montreal, Quebec, Canada |
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Key people
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Daniel Fournier, Chairman & CEO |
| Total assets |
 C$55 billion (2015) |
| Total equity |
C$29 billion (2015) |
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Number of employees
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1699 (2015) |
| Parent | Caisse de dépôt et placement du Québec |
| Website | www.ivanhoecambridge.com |
Ivanhoé Cambridge is a Canadian real estate company with assets around the globe. Its areas of activity are investment, development, asset management, operations and leasing. It is a subsidiary of the Caisse de dépôt et placement du Québec pension fund. The Company's real estate portfolio consists primarily of shopping centres, office buildings and multiresidential properties. It also has ownership interests in logistics services (storage and distribution) buildings, real estate investment funds and hotels. The first entity in the real estate portfolio, Ivanhoe Corporation, was founded in 1953 by Sam Steinberg, the Montreal businessman who built Steinberg's grocery store chain. Ivanhoé Cambridge, headquartered in Montreal, has more than 1,700 employees worldwide. The value of its assets, located mostly in Canada, the United States, Europe, Brazil and Asia, totalled more than CA$55 billion at December 31, 2015. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec, one of Canada’s biggest institutional fund managers.
The initial entity in what later became the Ivanhoé Cambridge real estate group dates to May 12, 1953, when Montreal businessman Sam Steinberg, who built the Steinberg grocery store chain, founded Ivanhoe Corporation. In 1954, Ivanhoe opened its first shopping centre, Dorval, in the Montreal area. During the 1950s and 1960s, the Company focused on building shopping centres in the Greater Montreal area and also built projects in Ontario, especially in the Ottawa area.
In the 1980s, Ivanhoe Corporation, which had become Ivanhoe Inc., was the largest real estate company in Quebec and the sixth-biggest in Canada.
When the Caisse de dépôt et placement du Québec acquired Ivanhoe Inc. in 1990, its portfolio consisted of 36 shopping centres, located mostly in Quebec and Ontario. The value of Ivanhoe's real estate portfolio was then about C$1 billion, making it one of Canada’s largest real estate companies. Ivanhoé Cambridge is now among 10 largest real estate companies in the world.
Ivanhoe specialized in medium-sized and large shopping centres located in urban areas. Its best-known shopping centres in the 1990s included :
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Wikipedia