Ivanhoe Cambridge Residential, a new entity of the Ivanhoe Cambridge Group, the real estate subsidiary of the Caisse de dépôt et placement du Québec, announced that its first acquisition has taken place in Québec: the renowned Rockhill complex, a grouping of six rental buildings located in the heart of Montréal.
“Ivanhoe Cambridge Residential contributes to the diversification of the real estate portfolio of the Group by shining a spotlight on the multi-residential rental buildings that we own in large urban centres in Canada, the United States and Europe,” declared Daniel Fournier, chairman of the board and CEO of the Ivanhoe Cambridge Group.
Built in 1967, the Rockwell complex is located at the foot of Mount Royal, 10 minutes from downtown Montréal. “This transaction represents an important milestone in our acquisition strategy. Ivanhoe Cambridge Residential intends to position itself as a quality player in the multi-residential sector, paying constant attention to making our real estate assets more profitable, thanks to prudent and proactive management,” stated Sylvain Fortier, president and CEO of Ivanhoe Cambridge Residential.