October 9, 2015

Ivanhoé Cambridge and its partner Residential Land acquire Hamlet Gardens and 4B Merchant Square properties in London

Ivanhoé Cambridge and its partner Residential Land announced today the acquisition of Hamlet Gardens and 4B Merchant Square in London for approximately £160 million

Montreal, Canada – Located in London’s sought-after Ravenscourt Park, Hamlet Gardens comprises four buildings totalling 122 residential units. With its central location very close to Paddington Station, 4B Merchant Square consists of 60 residential units surrounded by some of London’s most renowned landmark parks, restaurants and retail destinations. These transactions bring to 16 the number of multifamily assets owned by the partnership in London.

“These acquisitions further our investment strategy of acquiring quality residential properties in key submarkets of London,” said Sylvain Fortier, Executive Vice President and Global Chief Investment Officer, Ivanhoé Cambridge. “London remains a very attractive market, especially for this type of high-demand residential product. Our partnership of the last four years with Residential Land is a competitive advantage for our success there.”

Bruce Ritchie, Chief Executive Officer and Founder of Residential Land, noted: “We are delighted to be continuing to make substantial private rented-sector investments in central London with our partner Ivanhoé Cambridge. This transaction highlights the success of our partnership in the market, particularly in such prime locations as Paddington and Ravenscourt Park.”

About Residential Land
Bruce Ritchie’s Residential Land group of companies has been one of the most prolific residential investors in prime central London in the last decade. Residential Land currently owns and manages a portfolio of approximately 1,000 flats, houses, hotels and commercial properties across 24 postal codes in prime central London. It is valued in excess of £1B. Residential Land also has extensive experience in co-investing in partnerships with both private and institutional investors. For more information, visit residentialland.com

We also suggest