Claridge and Ivanhoé launch $100 mln Montréal real estate fund

Claridge and Ivanhoé Cambridge have agreed to partner in a $100 million vehicle set up to invest in mid-sized real estate development projects in Montréal. The vehicle, which will invest alongside private property developers, will typically deploy between $5 million and $15 million to projects focused on residential, mixed-use, light industry and low-density office buildings. The partnership will be managed by Claridge Real Estate. Claridge is a private equity firm that invests on behalf of the Stephen Bronfman family. Ivanhoé Cambridge is the real estate investment arm of the Caisse de dépôt et placement du Québec.

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