Ivanhoé Cambridge to Buy 50% of Montréal's Place Ville Marie for $400M

Ivanhoé Cambridge, the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec, will acquire a 50% interest in Place Ville Marie, an iconic office tower in downtown Montréal, for $400 million. The interest being purchased has been held by clients of Alberta Investment Management Corp. Ivanhoé also plans to invest more than $100 million in a revitalization program for Place Ville Marie.

DealsCanadaNorth AmericaBriefs