Ivanhoé Cambridge and the Planning Faculty have renewed their partnership in support of the Ivanhoé Cambridge Urban and Real Estate Development Observatory at the Université de Montréal.
“Ivanhoé Cambridge is very pleased to reaffirm its association with the Université de Montréal in order to pursue its commitment to developing expertise and promoting teaching, research and networking activities related to real estate development,” said Pierre-François Chapleau, Vice-President, Office Development, North America, Ivanhoé Cambridge.
“The Observatory has been a decisive source of support for the faculty’s education and research mission. It has helped to foster a vibrant culture within the faculty and enrich the experience of students and professors alike, specifically by encouraging researchers from various development disciplines to work together. With this renewed investment, the faculty can continue to add to its achievements and further strengthen its position in the urban and real estate development community,” said Giovanni De Paoli, Dean of the Planning Faculty, Université de Montréal.
Established in 2006 as part of a partnership between SITQ and the Université de Montréal, the Observatory studies the relationship between urban planning, city administration and real estate. It is devoted to shedding light on the impact of the urban environment on the real estate sector, the contribution of real estate development to the revitalization and development of city districts, the factors that influence the success or failure of investments in urban revitalization initiatives and trends in urban development that shape the real estate industry.
The $500,000 reinvestment in research made by Ivanhoé Cambridge will ensure the Observatory is funded until 2015. Observatory Director Paul Lewis welcomed the news with great enthusiasm, saying, “This will make it possible for the Observatory to build on its assets and undertake steps to broaden its scope and expand its partnerships, especially with organizations in Other countries and various professional associations.”