Ivanhoé Cambridge buys 49 pct interest in Manhattan's 330 Hudson

Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, and its partner Callahan Capital Properties, have bought a 49 percent interest in 330 Hudson, a 16-storey office building in New York City. The deal, which was valued at US$150 million, was done through a joint venture with affiliates of Beacon Capital Partners. The transaction is Ivanhoé's fifth acquisition made with Callahan, bringing the partners' U.S. office platform investments to more than US$2.1 billion.

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