November 23, 2023

An autumn featuring alliances and promising initiatives

In the fall, we concluded several strategic partnerships and introduced initiatives that will support our vision for years to come. Whether in life sciences, residential or Canadian retail operations, these arrangements allow us to team up with partners who share our philosophy based on sustainability and inclusion. 

Here is a roundup of noteworthy news from recent weeks.

Investment in India’s life sciences sector

In partnership with Lighthouse Canton, we have invested in a 0.85-million-ft2 R&D office-labs portfolio under the MN Park brand, the largest private portfolio of rental laboratory space in India’s life sciences sector.

150 M$ US preferred equity investment in Mount Auburn Multifamily

We are increasingly partial to preferred equity investments as an alternative product that generates a high current yield. By expanding our relationship with Mount Auburn Multifamily, we have added to and diversified our residential investments in secondary markets in the United States.

Mount Auburn Multifamily
Ivanhoé Cambridge, Bouwinvest et Greystar concluent l’acquisition de leur premier actif dédié aux étudiants et jeunes professionnels à Paris

First asset for the Paris student and young professional accommodation venture

In partnership with Bouwinvest and Greystar, this acquisition will deliver more than 370 new co-living units through conversion of an existing office building to residential and the development of a new mid-rise building to create 11,000 m² of high-quality space.

Strategic alliance with JLL

JLL, the largest third-party retail property management company in North America, assumed responsibility for the operations of our shopping centres across Canada on October 1, 2021, bolstering its presence in Quebec and committing to help achieve innovation and sustainability goals.

GRESB 2021 ranking: Ivanhoé Cambridge continues to improve its ESG performance

For the seventh consecutive year, we have improved our ranking in the prestigious annual Global ESG Benchmark for Real Estate (GRESB) survey, attesting to the improved environmental, social and governance (ESG) performance of our global portfolio.

Alignment of our financing activities with our sustainable investment priorities

In line with our new strategy to achieve a carbon-neutral portfolio by 2040, we recently announced the conversion of our 8.5 B$ C corporate program of term loans and lines of credit provided by our financial partners by aligning them with our ESG performance.

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