Ivanhoé sells Paris assets to Gecina, ups Blackstone partnership stake
Ivanhoé Cambridge, the real estate investment arm of the Caisse de dépôt et placement du Québec, has agreed to sell two Paris office properties to Gecina SA, a French property business, for 1.24 billion euros. Ivanhoé also closed an agreement to grow its participation in Gecina through an existing partnership with real estate funds managed by Blackstone Group. Last year, Blackstone and Ivanhoé increased their investment in the company by acquiring the stake formerly held by Spain's Metrovacesa SA.
4 June 2015•3 mins read
