36:
361:
SITQ focused on three particular business sectors: office buildings and hotels, multi-residential buildings and retirement homes, and, finally, real estate investment funds. In 1991, the acquisition of the 1981 McGill
College building marked a turning point in SITQ's strategy, with a growing emphasis on high-quality office buildings in the heart of major urban centres. Two years later, the company conducted its first international acquisition, the Centre de conférences Albert Borschette in Brussels, in partnership with Compagnie immobilière de Belgique. In 1996, SITQ began negotiations to acquire five office buildings in suburban Paris's
27:
1111:
218:, Quebec. With assets around the globe, its areas of activity are investment, development, asset management, operations and leasing. The company's real estate portfolio consists primarily of multi-residential properties, industrial/logistics real estate, shopping centres and office properties. It also has ownership interests in real estate investment funds and hotels. Ivanhoé Cambridge is a subsidiary of the
155:
354:
341:, also in Quebec. In 1984, Cambridge Shopping Centres Limited was created and acquired all outstanding shares of Cambridge Leaseholds Limited. Cambridge continued to grow by building or acquiring interests in shopping centres in British Columbia, Ontario and Newfoundland as well as in California, in the United States.
366:
Tour T1 and
Immeuble B would be erected there. Expansion continued in outside markets throughout the decade, and SITQ built a major portfolio of buildings. There were also acquisitions in the United States, the United Kingdom, Germany and India. At December 31, 2009, the value of SITQ's portfolio was C$ 17.8 billion.
344:
At the start of the 1990s, Cambridge
Shopping Centres Limited, with more than 1,000 employees, had real estate assets exceeding CA$ 2 billion. In 1992, two years after Ivanhoe was acquired by Caisse de dépôt et placement du Québec, it began purchasing shares in Cambridge Shopping Centres Limited. Its
233:
grocery store chain. Ivanhoé Cambridge, headquartered in
Montreal, has more than 1,000 employees worldwide. Ivanhoé Cambridge is now among the ten largest real estate companies in the world. The value of its assets, located mostly in Canada, the United States, Europe, Brazil and Asia, totalled more
365:
business district. The transaction, completed in 1997, positioned SITQ as one of the major real estate owners in La Défense. Over the next few years, the Prisma, Friedland, Anjou and Adria office buildings, together with all land still available in La Défense, were added to the SITQ portfolio. The
360:
In the mid-1980s, while
Ivanhoe and Cambridge were building and acquiring shopping centres in Quebec and elsewhere in Canada, the Caisse de dépôt et placement du Québec created the Société immobilière Trans-Québec (SITQ) in 1984, specializing in real estate investment, management and development.
328:
While
Ivanhoe was growing, Cambridge Leaseholds Limited was founded in Windsor, Ontario, in 1960, by members of the Tabachnik and Odette families. Two years later, the company opened its first Cambridge-branded shopping centre, Gateway Plaza in Windsor. Many other shopping centres were built by
383:
is the only shopping centre built by the former
Ivanhoe that is still managed by its successor company, Ivanhoé Cambridge. The company still has under its management a handful of shopping centres that were developed by Cambridge Shopping Centres or its predecessor Cambridge Leaseholds Limited.
374:
In August 1999, Ivanhoe became the majority shareholder in
Cambridge following a CA$ 331 million investment. On October 1, 2000, Cambridge Shopping Centres Limited became a wholly owned subsidiary of Ivanhoe. Less than four months later, In February 2001, Ivanhoe and Cambridge Shopping Centres
391:
On April 21, 2011, the Caisse de dépôt et placement du Québec announced it was grouping its real estate subsidiaries into a single entity, Ivanhoé Cambridge. The new company brought together its pre-existing subsidiaries in shopping centres (Ivanhoé Cambridge) and in office buildings, hotels,
289:
acquired
Ivanhoe Inc. in 1990, its portfolio consisted of 36 shopping centres, located mostly in Quebec and Ontario. The value of Ivanhoe's real estate portfolio was then about C$ 1 billion, making it one of Canada's largest real estate companies.
253:
Ivanhoé Cambridge's global investment strategy is diversified, which is why the company invests in different ways, whether through direct investing, through partnerships, by creating investment platforms or through real estate investment funds.
378:
Ivanhoé Cambridge disposed of its small and medium-sized shopping centres in the years following the merger. In the following decade, Ivanhoé Cambridge also divested itself of large shopping centres that no longer met its expectations.
329:
Cambridge throughout the decade in
Ontario, New Brunswick and Alberta. Cambridge Leaseholds Limited became a public company, listed on the Toronto Stock Exchange, in 1969. In 1971, the company opened its first Quebec shopping centre,
512:
999:
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857:
709:
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762:
293:
Up until the 1990s, Ivanhoe's owned-and-operated portfolio basically consisted of shopping centres built by the late Sam Steinberg. Ivanhoe made its first major acquisitions in with
1146:
975:
286:
219:
182:
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Limited were merged under the name Ivanhoé Cambridge Inc. It became one of Canada's biggest retail real estate management, development and investment companies.
1007:
652:
1156:
1141:
1021:
282:
In the 1980s, Ivanhoe Corporation, which had become Ivanhoe Inc., was the largest real estate company in Quebec and the sixth-biggest in Canada.
330:
1166:
1161:
876:
751:
Letters patent. Government of Québec, Department of Consumers, Co-operatives and Financial Institutions, Companies Department. November 1, 1977
728:
1151:
437:
108:
910:
825:
781:
1136:
1041:"The Caisse de dépôt et placement du Québec consolidates its operating real estate subsidiaries under one banner: Ivanhoe Cambridge Group"
35:
923:
870:
819:
775:
722:
418:
267:
The initial entity in what later became the Ivanhoé Cambridge real estate group dates to May 12, 1953, when Montreal businessman
621:
Document of incorporation, Government of Quebec, Inspector General of Financial Institutions, Corporations branch, May 12, 1953
982:
1131:
272:
230:
630:
593:
399:. More than 300 workers were transferred from Ivanhoé Cambridge to JLL and another 26 positions were eliminated.
69:
395:
In 2021, Ivanhoé Cambridge transferred the operations of its Canadian shopping malls to the Chicago-based firm
1040:
294:
73:
338:
242:
137:
309:
305:
299:
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grocery store chain, founded Ivanhoe Corporation. In 1954, Ivanhoe opened its first shopping centre,
77:
65:
653:"Daniel Fournier, Chairman and Chief Executive Officer of Ivanhoe Cambridge, announces retirement"
392:
multi-residential buildings and retirement homes, as well as real estate investment funds (SITQ).
279:, in the Montreal area. Ivanhoe specialized in shopping centres located in growing urban areas.
919:
866:
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The first entity in the real estate portfolio, Ivanhoe Corporation, was founded in 1953 by
572:
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538:
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245:, who already held the title of President, became chief executive officer on that date.
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276:
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312:, a prestigious shopping centre located along the city's main commercial artery, and
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226:
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52:
899:
Cambridge History: A Chronology of Major Events From 1960 to Today (May 1994)
666:
1081:
215:
112:
41:
1104:
353:
194:
316:, formerly known as and frequently referred to as Place-Laurier, in
384:
Ivanhoé Cambridge also has ownership in malls that are operated by
1022:"Closing of the transaction between Ivanhoé Cambridge and Cominar"
564:
352:
147:
513:"IVANHOÉ CAMBRIDGE INC. – Registraire des entreprises du Québec"
594:"Company Overview of Ivanhoé Cambridge, Inc. – Capital Markets"
545:. Basel, Switzerland: Global Legal Entity Identifier Foundation
1064:"American firm taking over Ivanhoé Cambridge mall operations"
691:
689:
687:
430:
Investir, construire et habiter le monde, Les 25 ans de SITQ
1116:
432:. Histoire et perspectives (in French). Montreal: Boréal.
320:, one of the province of Quebec's largest shopping malls.
1039:
Caisse de dépôt et placement du Québec (April 21, 2011).
308:
in 1995. In 2000, Ivanhoe's portfolio grew to include
981:. Ivanhoé Cambridge. 2002. p. 20. Archived from
519:(in Canadian French). Québec (Québec). March 26, 2007
918:. Montreal: Caisse de dépôt et placement du Québec.
865:. Montreal: Caisse de dépôt et placement du Québec.
814:. Montreal: Caisse de dépôt et placement du Québec.
770:. Montreal: Caisse de dépôt et placement du Québec.
717:. Montreal: Caisse de dépôt et placement du Québec.
189:
175:
165:
145:
131:
121:
104:
86:
58:
48:
241:retired as chairman and chief executive officer.
1062:Suburban, Joel Goldenberg The (27 August 2021).
962:
950:
938:
909:Caisse de dépôt et placement du Québec (1994).
856:Caisse de dépôt et placement du Québec (2001).
805:Caisse de dépôt et placement du Québec (1991).
761:Caisse de dépôt et placement du Québec (1992).
708:Caisse de dépôt et placement du Québec (1999).
462:"Contact Us – Ivanhoé Cambridge – Headquarters"
695:
539:"Ivanhoé Cambridge Inc. – LEI Reference Data"
428:Marchand, Sarah; Linteau, Paul-André (2009).
8:
633:, Shopping-Canada.com. Quoted: 28 June 2015.
19:
345:interest grew from 15.3% to 23.4% in 1993.
234:than C$ 60.4 billion on December 31, 2020.
214:is a Canadian real estate company based in
1109:
1082:"Positions abolished at Ivanhoé Cambridge"
18:
1147:Real estate companies established in 1953
851:
849:
847:
845:
411:Steinberg: The Breakup of a Family Empire
258:History: the origins of Ivanhoé Cambridge
642:Ivanhoé Cambridge - 2019 Activity Report
453:
1117:Caisse de dépôt et placement du Québec
287:Caisse de dépôt et placement du Québec
220:Caisse de dépôt et placement du Québec
183:Caisse de dépôt et placement du Québec
7:
409:Gibbon, Ann; Hadekel, Peter (1990).
229:, a Montreal businessman who built
324:Cambridge Shopping Centres Limited
14:
40:Ivanhoe Cambridge head office in
1157:Shopping center management firms
565:"Ivanhoe Cambridge Inc – PermID"
413:. Toronto: Macmillan of Canada.
154:
153:
34:
25:
1142:Real estate companies of Canada
203:Footnotes / references
517:RegistreEntreprises.Gouv.QC.ca
1:
1167:1990 mergers and acquisitions
1162:1953 establishments in Quebec
1152:Crown corporations of Quebec
109:1001, rue du Square-Victoria
16:Canadian real estate company
1137:Companies based in Montreal
1000:"Lexpert® Magazine - Deals"
963:Marchand & Linteau 2009
951:Marchand & Linteau 2009
939:Marchand & Linteau 2009
337:. One year later, it built
1183:
1043:(Press release). Montreal
696:Gibbon & Hadekel 1990
493:. London: Chrinon Limited
201:
33:
24:
310:Centre Eaton de Montréal
487:"IVANHOÉ CAMBRIDGE INC"
1068:The Suburban Newspaper
859:2000 Operations Report
711:1998 Operations Report
357:
295:Les Galeries Rive Nord
243:Nathalie Palladitcheff
212:Ivanhoé Cambridge Inc.
138:Nathalie Palladitcheff
92:; 71 years ago
20:Ivanhoe Cambridge Inc.
356:
237:On October 15, 2019,
466:IvanhoeCambridge.com
339:Les Galeries de Hull
306:Place Montréal Trust
195:IvanhoeCambridge.com
263:Ivanhoe Corporation
167:Number of employees
161:77,0 billion (2022)
141:(President and CEO)
21:
1028:. October 1, 2014.
912:1993 Annual Report
808:1990 Annual Report
764:1991 Annual Report
358:
1132:Ivanhoé Cambridge
1026:Ivanhoé Cambridge
988:on 15 April 2007.
671:Ivanhoé Cambridge
655:. 14 August 2019.
439:978-2-7646-0666-7
386:Cadillac Fairview
370:Ivanhoé Cambridge
209:
208:
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1105:Official website
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1097:External links
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1010:on 2014-08-21.
1004:www.lexpert.ca
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403:Bibliography
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331:Les Rivières
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171:+1000 (2020)
148:Total assets
105:Headquarters
97:May 12, 1953
90:May 12, 1953
49:Company type
667:"Portfolio"
571:. Toronto:
318:Quebec City
298: [
273:Steinberg's
231:Steinberg's
123:Area served
74:Development
66:Real estate
1126:Categories
1047:August 27,
886:2014-08-27
835:2014-08-27
791:2014-08-27
738:2014-08-27
605:Retrieved
569:PermID.org
448:References
363:La Défense
133:Key people
78:Management
70:Investment
53:Subsidiary
676:21 August
543:GLEIF.org
285:When the
249:Portfolio
127:Worldwide
607:April 2,
578:April 2,
549:April 2,
523:April 2,
497:April 2,
471:April 2,
216:Montreal
113:Montreal
59:Industry
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190:Website
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1049:2014
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678:2024
609:2019
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349:SITQ
304:and
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
