Ivanhoé Cambridge invests $850 mln in Manhattan property

Ivanhoé Cambridge, the real estate investment arm of pension fund manager the Caisse de dépôt et placement du Québec, has acquired a 51% interest in 1211 Avenue of the Americas, a 45-storey office building in New York City. The price tag was more than US$850 million. This transaction brings Ivanhoé's total investments in the office and multi-residential areas of Manhattan to over US$3 billion.

DealsCanadaNorth AmericaBriefs