Ivanhoé Cambridge and Oxford Properties Unite for Real Estate Growth

Ivanhoé Cambridge and Oxford Properties have joined forces to drive growth in the real estate industry. This strategic partnership has brought together two experienced players in the market.

With a combined portfolio of over $60 billion, Ivanhoé Cambridge and Oxford Properties are well-equipped to tackle large-scale projects. Their partnership has already led to several notable developments.

The collaboration has allowed Ivanhoé Cambridge to expand its global reach, leveraging Oxford Properties' expertise in international markets. This has enabled them to tap into new opportunities for growth.

Ivanhoé Cambridge has a diverse portfolio of properties in Canada, the United States, Europe, and Asia.

Their Canadian portfolio includes over 300 properties, totaling more than 70 million square feet of leasable space.

Ivanhoé Cambridge has a significant presence in the United States, with a portfolio of over 200 properties.

Their European portfolio includes properties in Germany, the UK, and France, among others.

In Asia, Ivanhoé Cambridge has a growing presence, with properties in China, Japan, and India.

As of 2022, Ivanhoé Cambridge's real estate portfolio is valued at over $60 billion.

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Ivanhoé Cambridge has a rich history that spans over seven decades. The company was founded in 1953 under the name Ivanhoe Corp.

In 1969, the company's name was changed to Ivanhoé Corporation. This marked a significant milestone in the company's evolution.

Ivanhoé Corporation was renamed Ivanhoe Inc. in 1977, following a new incorporation. This change reflected the company's growth and expansion.

The company's name was changed again in 1990, when the Caisse de dépôt et placement du Québec acquired it. This time, the name was changed to Ivanhoé, with an accent aigu, to emphasize the company's francophone identity.

Cambridge, another key player in the company's history, was founded in 1960 in Windsor, Ontario, under the name Cambridge Leaseholds Limited.

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The integration of Ivanhoé Cambridge and Otéra Capital is set to begin next week, with the corporate services teams starting to report to CDPQ on January 29. This marks the first step in the process, which will ultimately result in the departure of Ivanhoé Cambridge president and CEO Natalie Palladitcheff in 18 to 24 months.

The integration aims to save up to $100 million in annual expenses and will allow CDPQ to maximize its impact and performance. CDPQ will acquire all the interests held by minority shareholders of Ivanhoé Cambridge and Otéra Capital, becoming the sole shareholder.

The integration will bring several benefits, including increasing focus on investment expertise, maximizing business relationships and partnerships, and consolidating global presence across all asset classes. Here are some of the key benefits of the integration:

Oxford Properties has partnered with IDI Logistics to develop a 1.1 million square foot logistics facility in the United States.

This partnership is a prime example of integration in the logistics industry, where two companies come together to achieve a common goal.

The facility will be built on a 120-acre site and is expected to be completed in 2024.

Natalie Palladitcheff, the CEO of Ivanhoé Cambridge, will be leaving the company once the integration with CDPQ's teams is complete in 18 to 24 months.

This integration is expected to save up to $100 million in annual expenses by combining the corporate services teams of Ivanhoé Cambridge and Otéra with CDPQ's teams.

Palladitcheff will be departing the company after the integration is complete, marking the end of her tenure as president and CEO of Ivanhoé Cambridge.

Charles Emond, president and CEO of CDPQ, emphasized the importance of working as one team, with the goal of maximizing impact and performance to offer the best service for the most efficient cost.

Palladitcheff is proud of the work accomplished with her teams over the past four years, and believes that focusing on Ivanhoé Cambridge's core real estate expertise will be crucial for creating value in a complicated environment.

The integration of the real estate subsidiaries will begin on January 29, with the corporate services teams starting to report to CDPQ next week.

The corporate services teams support the investment groups' activities in areas including finance, operations, digital technology, human resources, legal affairs, communications, and risk management.

The integration will bring together the expertise of CDPQ, Ivanhoé Cambridge, and Otéra Capital to create a more efficient and effective organization.

Here are the benefits of integrating the real estate subsidiaries, as stated by CDPQ:

As part of the integration, CDPQ will acquire all the interests held by minority shareholders of Ivanhoé Cambridge and Otéra Capital, becoming the sole shareholder.