Ivanhoé Cambridge buys mixed-use Paris real estate for redevelopment

Share:
  • Facebook
  • Twitter
  • Print
  • Email
  • Comment (1)

Copyright : Sergey Novikov // 123RFIvanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, is buying a parcel of real estate in the 11th arrondissement in Paris.

The 4,000 square metre complex consists of a residential building, a former industrial space and a private roadway. The firm is set to redevelop the site, in partnership with Assembly, into a combination of luxury lofts, multi-purpose workspaces and retail. The new complex is scheduled for completion in late 2023.

“This acquisition is an off-market opportunity that we were able to seize at the height of the COVID-19 crisis and which demonstrates our agility and determination to follow our convictions,” said Karim Habra, executive vice-president, head of Europe and Asia Pacific at Ivanhoé Cambridge, in a press release. “This exceptional asset perfectly complements our Paris portfolio and its redevelopment is further testament to Ivanhoé Cambridge’s commitment to revitalizing neighbourhoods around mixed-use projects adapted to new uses.”

Add a Comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Canadian Investment Review admins. Thanks!

الربح من مشاهدة الاعلانات

What kind of camera is this? That is a great good quality. https://www.instapaper.com/p/onlinemoney

Contex Group