Ivanhoé Cambridge partners with Blackstone in first Australian investment
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has made its first direct investment in Australia in partnership with Blackstone Property Partners Asia, an affiliate of U.S. private equity investor Blackstone Group. Ivanhoé and Blackstone acquired a 25 percent interest in Liberty Place, an office property located in Sydney, Australia, from Lasalle Investment Management. The total investment was valued at AU$240 million ($229.2 million). Liberty Place is a 42-storey office tower complex.
14 April 2015•2 mins read
