Ivanhoé, Blackstone partner in buy of Manhattan housing complex
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has partnered with the Blackstone Group to buy Stuyvesant Town and Peter Cooper Village (STPCV). STPCV is a moderate and middle-income housing enclave in Manhattan, New York. It comprises more than 11,000 apartments in 55 buildings. The value of the property's acquisition from CW Capital was not disclosed, however, a Bloomberg report estimated it at about US$5.3 billion.
20 October 2015•8 mins read
