Ivanhoé Cambridge buys Denver properties from CPPIB for $200 mln
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has bought an approximate 40 percent stake in a portfolio of properties located in Denver, Colorado from Canada Pension Plan Investment Board (CPPIB) for over US$200 million. The properties, which include the US Bank Tower and the Tabor Center, were held by CPPIB as part of a joint venture since 2007. With the transaction's completion, Ivanhoé said it has assumed an ownership position of about 6 percent of Class A office inventory in downtown Denver.
3 November 2014•3 mins read
