Ivanhoe Cambridge, a business unit of Ivanhoe Cambridge Group, the real estate subsidiary of the Caisse de dépôt et placement du Québec, announces that it has concluded the sale of five Canadian properties to Primaris Retail REIT. The properties are: Oakville Place (Oakville, Ontario), Burlington Mall (Burlington, Ontario), Tecumseh Mall (Windsor, Ontario), St. Albert Centre (St. Albert, Alberta) and Place Vertu (Montreal, Quebec).
“This transaction is perfectly aligned with Ivanhoe Cambridge’s strategic plan to continuously improve the performance of our portfolio through consolidation and by increasing our focus on our core assets. We are committed, more than ever, to maximizing the quality of our portfolio by investing in key markets and by redeveloping our properties in Canada and abroad,” added Kim McInnes, President and CEO of Ivanhoe Cambridge.