Knowledge

Ivanhoé Cambridge

Source 📝

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: 782: 729: 472: 444: 425: 396: 323:, a prestigious shopping centre located along the city's main commercial artery, and 345: 324: 391: 583: 249: 169: 612: 287: 187: 37: 1136: 910:
Cambridge History: A Chronology of Major Events From 1960 to Today (May 1994)
407: 279: 237: 373: 677: 1092: 328: 63: 1115: 1049: 919: 866: 815: 771: 718: 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: 36: 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 212: 200: 186: 176: 156: 142: 132: 115: 97: 69: 59: 44: 35: 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 1185: 1124: 1119: 1118: 1116:Official website 1101: 1100: 1089: 1083: 1082: 1070: 1064: 1063: 1061: 1059: 1047: 1041: 1040: 1029: 1023: 1022: 1017:. Archived from 1007: 1001: 1000: 998: 991: 983: 977: 971: 965: 959: 953: 947: 941: 940: 928: 917: 911: 908: 902: 901: 899: 898: 892: 886:. Archived from 875: 864: 851: 850: 848: 847: 841: 835:. Archived from 824: 813: 807: 806: 804: 803: 797: 791:. Archived from 780: 769: 763: 760: 754: 753: 751: 750: 744: 738:. Archived from 727: 716: 710: 704: 693: 692: 690: 688: 674: 668: 667: 660: 654: 651: 645: 639: 633: 630: 624: 623: 621: 619: 601: 595: 594: 592: 590: 572: 566: 565: 563: 561: 546: 540: 539: 537: 535: 520: 514: 513: 511: 509: 494: 488: 487: 485: 483: 469: 454: 435: 392:Place Sainte-Foy 314: 282:, who built the 208: 168: 167: 161: 126:, Quebec, Canada 111: 109: 104: 49: 40: 33: 29: 21: 1193: 1192: 1188: 1187: 1186: 1184: 1183: 1182: 1133: 1132: 1114: 1113: 1110: 1105: 1104: 1091: 1090: 1086: 1071: 1067: 1057: 1055: 1048: 1044: 1031: 1030: 1026: 1009: 1008: 1004: 996: 989: 985: 984: 980: 972: 968: 960: 956: 948: 944: 937: 926: 918: 914: 909: 905: 896: 894: 890: 884: 873: 865: 854: 845: 843: 839: 833: 822: 814: 810: 801: 799: 795: 789: 778: 770: 766: 761: 757: 748: 746: 742: 736: 725: 717: 713: 705: 696: 686: 684: 676: 675: 671: 662: 661: 657: 652: 648: 640: 636: 631: 627: 617: 615: 603: 602: 598: 588: 586: 584:Thomson Reuters 574: 573: 569: 559: 557: 548: 547: 543: 533: 531: 522: 521: 517: 507: 505: 496: 495: 491: 481: 479: 471: 470: 466: 461: 451: 432: 416: 383: 362: 337: 308: 276: 271: 262: 250:Daniel Fournier 216: 204: 196: 179: 157: 151: 145: 135: 127: 122: 107: 105: 102: 93: 55: 28: 23: 22: 15: 12: 11: 5: 1191: 1181: 1180: 1175: 1170: 1165: 1160: 1155: 1150: 1145: 1131: 1130: 1125: 1109: 1108:External links 1106: 1103: 1102: 1084: 1065: 1042: 1024: 1021:on 2014-08-21. 1015:www.lexpert.ca 1002: 978: 966: 954: 942: 935: 912: 903: 882: 852: 831: 808: 787: 764: 755: 734: 711: 694: 669: 655: 646: 634: 625: 613:Bloomberg L.P. 596: 567: 541: 515: 502:OpenCorporates 489: 463: 462: 460: 457: 456: 455: 449: 436: 430: 415: 412: 382: 379: 361: 358: 346:Trois-Rivières 336: 333: 325:Laurier Québec 288:Dorval Gardens 275: 272: 270: 267: 261: 258: 218: 217: 210: 209: 202: 198: 197: 192: 190: 184: 183: 180: 177: 174: 173: 162: 154: 153: 146: 143: 140: 139: 136: 133: 130: 129: 117: 113: 112: 99: 95: 94: 92: 91: 73: 71: 67: 66: 61: 57: 56: 50: 42: 41: 26: 9: 6: 4: 3: 2: 1190: 1179: 1176: 1174: 1171: 1169: 1166: 1164: 1161: 1159: 1156: 1154: 1151: 1149: 1146: 1144: 1141: 1140: 1138: 1129: 1126: 1123: 1117: 1112: 1111: 1098: 1097:new.in-24.com 1094: 1088: 1080: 1076: 1069: 1053: 1046: 1038: 1034: 1028: 1020: 1016: 1012: 1006: 995: 988: 987:"2002 Report" 982: 976:, p. 98. 975: 970: 964:, p. 93. 963: 958: 952:, p. 69. 951: 946: 938: 936:2-550-28655-3 932: 925: 924: 916: 907: 893:on 2014-09-03 889: 885: 883:2-550-37202-6 879: 872: 871: 863: 861: 859: 857: 842:on 2014-09-03 838: 834: 832:2-550-21552-4 828: 821: 820: 812: 798:on 2014-09-03 794: 790: 788:2-550-22762-X 784: 777: 776: 768: 759: 745:on 2014-09-03 741: 737: 735:2-550-34337-9 731: 724: 723: 715: 708: 703: 701: 699: 683: 679: 673: 665: 659: 650: 643: 642:Vaughan Mills 638: 629: 614: 610: 609:Bloomberg.com 606: 600: 585: 581: 577: 571: 555: 551: 545: 529: 525: 519: 503: 499: 493: 478: 474: 468: 464: 452: 446: 442: 437: 433: 431:0-7715-9102-0 427: 423: 418: 417: 411: 409: 404: 400: 398: 393: 387: 378: 375: 366: 357: 353: 351: 347: 343: 332: 330: 326: 322: 318: 312: 307: 302: 299: 294: 291: 289: 285: 281: 280:Sam Steinberg 266: 257: 255: 251: 246: 243: 239: 238:Sam Steinberg 234: 232: 228: 224: 215: 211: 207: 203: 199: 195: 191: 189: 185: 181: 175: 171: 163: 160: 155: 150: 147: 141: 137: 131: 125: 121: 118: 114: 100: 96: 90: 86: 82: 78: 75: 74: 72: 68: 65: 62: 58: 54: 48: 43: 39: 34: 19: 1096: 1087: 1078: 1068: 1056:. Retrieved 1045: 1036: 1027: 1019:the original 1014: 1005: 994:the original 981: 969: 957: 945: 922: 915: 906: 895:. Retrieved 888:the original 869: 844:. Retrieved 837:the original 818: 811: 800:. Retrieved 793:the original 774: 767: 758: 747:. Retrieved 740:the original 721: 714: 685:. Retrieved 681: 672: 658: 649: 637: 628: 611:. New York: 608: 599: 587:. Retrieved 579: 570: 558:. Retrieved 553: 544: 532:. Retrieved 527: 518: 506:. Retrieved 501: 492: 480:. Retrieved 476: 467: 440: 421: 414:Bibliography 405: 401: 388: 384: 370: 354: 342:Les Rivières 338: 303: 295: 292: 277: 263: 247: 235: 222: 221: 213: 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 53:Montreal 201:Website 128:H2Z 2B5 106: ( 98:Founded 933:  880:  829:  785:  732:  447:  428:  188:Parent 997:(PDF) 990:(PDF) 927:(PDF) 891:(PDF) 874:(PDF) 840:(PDF) 823:(PDF) 796:(PDF) 779:(PDF) 743:(PDF) 726:(PDF) 344:, in 313:] 1060:2014 931:ISBN 878:ISBN 827:ISBN 783:ISBN 730:ISBN 689:2024 620:2019 591:2019 562:2019 536:2019 510:2019 484:2019 445:ISBN 426:ISBN 360:SITQ 315:and 408:JLL 170:C$ 1139:: 1095:. 1077:. 1035:. 1013:. 855:^ 697:^ 680:. 607:. 578:. 552:. 526:. 500:. 475:. 399:. 311:fr 233:. 87:, 83:, 79:: 1099:. 1081:. 1062:. 939:. 900:. 849:. 805:. 752:. 709:. 691:. 622:. 593:. 564:. 538:. 512:. 486:. 453:. 434:. 110:) 20:)

Index

Ivanhoe Cambridge
An image of Ivanhoe Cambridge's black and white circular logo alongside its name
A photograph, from 2008, of the interior of the office building which serves as Ivanhoe Cambridge's head office or headquarters
Montreal
Subsidiary
Real estate
Investment
Development
Management
1001, rue du Square-Victoria
Montreal
Nathalie Palladitcheff
Total assets
C$
Parent
Caisse de dépôt et placement du Québec
IvanhoeCambridge.com
Montreal
Caisse de dépôt et placement du Québec
Sam Steinberg
Steinberg's
Daniel Fournier
Nathalie Palladitcheff
Sam Steinberg
Steinberg's
Dorval Gardens
Caisse de dépôt et placement du Québec
Les Galeries Rive Nord
fr
Place Montréal Trust

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.