47:
372:
SITQ focused on three particular business sectors: office buildings and hotels, multi-residential buildings and retirement homes, and, finally, real estate investment funds. In 1991, the acquisition of the 1981 McGill
College building marked a turning point in SITQ's strategy, with a growing emphasis on high-quality office buildings in the heart of major urban centres. Two years later, the company conducted its first international acquisition, the Centre de conférences Albert Borschette in Brussels, in partnership with Compagnie immobilière de Belgique. In 1996, SITQ began negotiations to acquire five office buildings in suburban Paris's
38:
1122:
166:
229:, Quebec. With assets around the globe, its areas of activity are investment, development, asset management, operations and leasing. The company's real estate portfolio consists primarily of multi-residential properties, industrial/logistics real estate, shopping centres and office properties. It also has ownership interests in real estate investment funds and hotels. Ivanhoé Cambridge is a subsidiary of the
365:
352:, also in Quebec. In 1984, Cambridge Shopping Centres Limited was created and acquired all outstanding shares of Cambridge Leaseholds Limited. Cambridge continued to grow by building or acquiring interests in shopping centres in British Columbia, Ontario and Newfoundland as well as in California, in the United States.
377:
Tour T1 and
Immeuble B would be erected there. Expansion continued in outside markets throughout the decade, and SITQ built a major portfolio of buildings. There were also acquisitions in the United States, the United Kingdom, Germany and India. At December 31, 2009, the value of SITQ's portfolio was C$ 17.8 billion.
355:
At the start of the 1990s, Cambridge
Shopping Centres Limited, with more than 1,000 employees, had real estate assets exceeding CA$ 2 billion. In 1992, two years after Ivanhoe was acquired by Caisse de dépôt et placement du Québec, it began purchasing shares in Cambridge Shopping Centres Limited. Its
244:
grocery store chain. Ivanhoé Cambridge, headquartered in
Montreal, has more than 1,000 employees worldwide. Ivanhoé Cambridge is now among the ten largest real estate companies in the world. The value of its assets, located mostly in Canada, the United States, Europe, Brazil and Asia, totalled more
376:
business district. The transaction, completed in 1997, positioned SITQ as one of the major real estate owners in La Défense. Over the next few years, the Prisma, Friedland, Anjou and Adria office buildings, together with all land still available in La Défense, were added to the SITQ portfolio. The
371:
In the mid-1980s, while
Ivanhoe and Cambridge were building and acquiring shopping centres in Quebec and elsewhere in Canada, the Caisse de dépôt et placement du Québec created the Société immobilière Trans-Québec (SITQ) in 1984, specializing in real estate investment, management and development.
339:
While
Ivanhoe was growing, Cambridge Leaseholds Limited was founded in Windsor, Ontario, in 1960, by members of the Tabachnik and Odette families. Two years later, the company opened its first Cambridge-branded shopping centre, Gateway Plaza in Windsor. Many other shopping centres were built by
394:
is the only shopping centre built by the former
Ivanhoe that is still managed by its successor company, Ivanhoé Cambridge. The company still has under its management a handful of shopping centres that were developed by Cambridge Shopping Centres or its predecessor Cambridge Leaseholds Limited.
385:
In August 1999, Ivanhoe became the majority shareholder in
Cambridge following a CA$ 331 million investment. On October 1, 2000, Cambridge Shopping Centres Limited became a wholly owned subsidiary of Ivanhoe. Less than four months later, In February 2001, Ivanhoe and Cambridge Shopping Centres
402:
On April 21, 2011, the Caisse de dépôt et placement du Québec announced it was grouping its real estate subsidiaries into a single entity, Ivanhoé Cambridge. The new company brought together its pre-existing subsidiaries in shopping centres (Ivanhoé Cambridge) and in office buildings, hotels,
300:
acquired
Ivanhoe Inc. in 1990, its portfolio consisted of 36 shopping centres, located mostly in Quebec and Ontario. The value of Ivanhoe's real estate portfolio was then about C$ 1 billion, making it one of Canada's largest real estate companies.
264:
Ivanhoé Cambridge's global investment strategy is diversified, which is why the company invests in different ways, whether through direct investing, through partnerships, by creating investment platforms or through real estate investment funds.
389:
Ivanhoé Cambridge disposed of its small and medium-sized shopping centres in the years following the merger. In the following decade, Ivanhoé Cambridge also divested itself of large shopping centres that no longer met its expectations.
340:
Cambridge throughout the decade in
Ontario, New Brunswick and Alberta. Cambridge Leaseholds Limited became a public company, listed on the Toronto Stock Exchange, in 1969. In 1971, the company opened its first Quebec shopping centre,
523:
1010:
1074:
868:
720:
817:
773:
304:
Up until the 1990s, Ivanhoe's owned-and-operated portfolio basically consisted of shopping centres built by the late Sam Steinberg. Ivanhoe made its first major acquisitions in with
986:
305:
386:
Limited were merged under the name Ivanhoé Cambridge Inc. It became one of Canada's biggest retail real estate management, development and investment companies.
1018:
1157:
663:
119:
1032:
293:
In the 1980s, Ivanhoe Corporation, which had become Ivanhoe Inc., was the largest real estate company in Quebec and the sixth-biggest in Canada.
341:
887:
762:
Letters patent. Government of Québec, Department of Consumers, Co-operatives and Financial Institutions, Companies Department. November 1, 1977
739:
297:
230:
193:
921:
836:
792:
1052:"The Caisse de dépôt et placement du Québec consolidates its operating real estate subsidiaries under one banner: Ivanhoe Cambridge Group"
1167:
1152:
278:
The initial entity in what later became the Ivanhoé Cambridge real estate group dates to May 12, 1953, when Montreal businessman
1177:
1172:
632:
Document of incorporation, Government of Quebec, Inspector General of Financial Institutions, Corporations branch, May 12, 1953
1162:
993:
448:
1147:
641:
934:
881:
830:
786:
733:
429:
17:
604:
410:. More than 300 workers were transferred from Ivanhoé Cambridge to JLL and another 26 positions were eliminated.
406:
In 2021, Ivanhoé Cambridge transferred the operations of its Canadian shopping malls to the Chicago-based firm
349:
46:
1142:
1051:
283:
241:
310:
286:
grocery store chain, founded Ivanhoe Corporation. In 1954, Ivanhoe opened its first shopping centre,
80:
664:"Daniel Fournier, Chairman and Chief Executive Officer of Ivanhoe Cambridge, announces retirement"
403:
multi-residential buildings and retirement homes, as well as real estate investment funds (SITQ).
84:
290:, in the Montreal area. Ivanhoe specialized in shopping centres located in growing urban areas.
253:
148:
320:
316:
236:
The first entity in the real estate portfolio, Ivanhoe Corporation, was founded in 1953 by
8:
1121:
549:
88:
76:
497:
256:, who already held the title of President, became chief executive officer on that date.
930:
877:
826:
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323:, a prestigious shopping centre located along the city's main commercial artery, and
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187:
37:
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Cambridge History: A Chronology of Major Events From 1960 to Today (May 1994)
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63:
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919:
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205:
327:, formerly known as and frequently referred to as Place-Laurier, in
395:
Ivanhoé Cambridge also has ownership in malls that are operated by
226:
123:
52:
1033:"Closing of the transaction between Ivanhoé Cambridge and Cominar"
575:
524:"IVANHOÉ CAMBRIDGE INC. – Registraire des entreprises du Québec"
605:"Company Overview of Ivanhoé Cambridge, Inc. – Capital Markets"
556:. Basel, Switzerland: Global Legal Entity Identifier Foundation
1075:"American firm taking over Ivanhoé Cambridge mall operations"
967:
955:
943:
158:
702:
700:
698:
441:
Investir, construire et habiter le monde, Les 25 ans de SITQ
364:
268:
1127:
443:. Histoire et perspectives (in French). Montreal: Boréal.
331:, one of the province of Quebec's largest shopping malls.
1050:
Caisse de dépôt et placement du Québec (April 21, 2011).
695:
319:
in 1995. In 2000, Ivanhoe's portfolio grew to include
992:. Ivanhoé Cambridge. 2002. p. 20. Archived from
530:(in Canadian French). Québec (Québec). March 26, 2007
334:
929:. Montreal: Caisse de dépôt et placement du Québec.
876:. Montreal: Caisse de dépôt et placement du Québec.
825:. Montreal: Caisse de dépôt et placement du Québec.
781:. Montreal: Caisse de dépôt et placement du Québec.
728:. Montreal: Caisse de dépôt et placement du Québec.
252:retired as chairman and chief executive officer.
1134:
1073:Suburban, Joel Goldenberg The (27 August 2021).
973:
961:
949:
920:Caisse de dépôt et placement du Québec (1994).
867:Caisse de dépôt et placement du Québec (2001).
816:Caisse de dépôt et placement du Québec (1991).
772:Caisse de dépôt et placement du Québec (1992).
719:Caisse de dépôt et placement du Québec (1999).
473:"Contact Us – Ivanhoé Cambridge – Headquarters"
438:
706:
550:"Ivanhoé Cambridge Inc. – LEI Reference Data"
490:
439:Marchand, Sarah; Linteau, Paul-André (2009).
419:
644:, Shopping-Canada.com. Quoted: 28 June 2015.
356:interest grew from 15.3% to 23.4% in 1993.
245:than C$ 60.4 billion on December 31, 2020.
225:is a Canadian real estate company based in
1120:
1093:"Positions abolished at Ivanhoé Cambridge"
1158:Real estate companies established in 1953
862:
860:
858:
856:
516:
422:Steinberg: The Breakup of a Family Empire
269:History: the origins of Ivanhoé Cambridge
1072:
653:Ivanhoé Cambridge - 2019 Activity Report
363:
14:
1135:
1128:Caisse de dépôt et placement du Québec
913:
853:
809:
765:
712:
298:Caisse de dépôt et placement du Québec
273:
231:Caisse de dépôt et placement du Québec
194:Caisse de dépôt et placement du Québec
568:
542:
420:Gibbon, Ann; Hadekel, Peter (1990).
380:
240:, a Montreal businessman who built
24:
465:
335:Cambridge Shopping Centres Limited
25:
1189:
1107:
51:Ivanhoe Cambridge head office in
1168:Shopping center management firms
576:"Ivanhoe Cambridge Inc – PermID"
424:. Toronto: Macmillan of Canada.
165:
164:
45:
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1153:Real estate companies of Canada
1085:
1066:
1043:
1025:
1003:
979:
904:
756:
670:
656:
413:
214:Footnotes / references
647:
635:
626:
597:
528:RegistreEntreprises.Gouv.QC.ca
13:
1:
1178:1990 mergers and acquisitions
1173:1953 establishments in Quebec
458:
1163:Crown corporations of Quebec
259:
120:1001, rue du Square-Victoria
27:Canadian real estate company
7:
1148:Companies based in Montreal
1011:"Lexpert® Magazine - Deals"
974:Marchand & Linteau 2009
962:Marchand & Linteau 2009
950:Marchand & Linteau 2009
348:. One year later, it built
10:
1194:
1054:(Press release). Montreal
707:Gibbon & Hadekel 1990
504:. London: Chrinon Limited
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156:
142:
132:
115:
97:
69:
59:
44:
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321:Centre Eaton de Montréal
498:"IVANHOÉ CAMBRIDGE INC"
359:
1079:The Suburban Newspaper
870:2000 Operations Report
722:1998 Operations Report
368:
306:Les Galeries Rive Nord
254:Nathalie Palladitcheff
223:Ivanhoé Cambridge Inc.
149:Nathalie Palladitcheff
103:; 71 years ago
31:Ivanhoe Cambridge Inc.
367:
248:On October 15, 2019,
477:IvanhoeCambridge.com
350:Les Galeries de Hull
317:Place Montréal Trust
206:IvanhoeCambridge.com
274:Ivanhoe Corporation
178:Number of employees
172:77,0 billion (2022)
152:(President and CEO)
32:
1039:. October 1, 2014.
923:1993 Annual Report
819:1990 Annual Report
775:1991 Annual Report
369:
30:
1143:Ivanhoé Cambridge
1037:Ivanhoé Cambridge
999:on 15 April 2007.
682:Ivanhoé Cambridge
666:. 14 August 2019.
450:978-2-7646-0666-7
397:Cadillac Fairview
381:Ivanhoé Cambridge
220:
219:
18:Ivanhoe Cambridge
16:(Redirected from
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1116:Official website
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1108:External links
1106:
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1024:
1021:on 2014-08-21.
1015:www.lexpert.ca
1002:
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342:Les Rivières
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295:
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277:
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247:
235:
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221:
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182:+1000 (2020)
159:Total assets
116:Headquarters
108:May 12, 1953
101:May 12, 1953
60:Company type
678:"Portfolio"
582:. Toronto:
329:Quebec City
309: [
284:Steinberg's
242:Steinberg's
134:Area served
85:Development
77:Real estate
1137:Categories
1058:August 27,
897:2014-08-27
846:2014-08-27
802:2014-08-27
749:2014-08-27
616:Retrieved
580:PermID.org
459:References
374:La Défense
144:Key people
89:Management
81:Investment
64:Subsidiary
687:21 August
554:GLEIF.org
296:When the
260:Portfolio
138:Worldwide
618:April 2,
589:April 2,
560:April 2,
534:April 2,
508:April 2,
482:April 2,
227:Montreal
124:Montreal
70:Industry
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201:Website
128:H2Z 2B5
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1060:2014
931:ISBN
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783:ISBN
730:ISBN
689:2024
620:2019
591:2019
562:2019
536:2019
510:2019
484:2019
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426:ISBN
360:SITQ
315:and
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