Ivanhoé Cambridge Buys 50% of Carrefour de l’Estrie From CPPIB

Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec has acquired for an undisclosed amount a 50% interest in Carrefour de l’Estrie, a shopping centre in the region of Sherbrooke, Québec. The seller was Canada Pension Plan Investment Board, which will continue to own a 50% interest. Under the terms of the joint venture agreement, Ivanhoé Cambridge will manage the property..

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