Ivanhoé Cambridge sells stake in Ontario malls for $240 million: Reuters
Ivanhoé Cambridge, the real estate arm of Canada's second-largest pension fund, said it had sold its 50 percent interest in two Ontario shopping centers to a rival pension plan manager in Canada for $240 million as part of a move to reposition its retail portfolio, Reuters reported. Ivanhoé, a subsidiary of the Caisse de dépôt et placement du Québec, said the properties were sold to HOOPP, or the Healthcare of Ontario Pension Plan.
30 January 2015•1 min read
