Ivanhoé, Blackstone tie up buy of New York's Stuyvesant Town
Ivanhoé Cambridge and the Blackstone Group have closed their joint acquisition of Peter Cooper Village Stuyvesant Town (PCVST), a private residential development on the east side of the New York City borough of Manhattan. No financial terms were disclosed; however, a Bloomberg report previously estimated the deal's value at about US$5.3 billion. Based in Montréal, Ivanhoé is the real estate investment arm of the Caisse de dépôt et placement du Québec.
21 December 2015•3 mins read
