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Caisse’s Ivanhoe Cambridge forms partnership with Bronfman family’s Claridge

MONTREAL – The real estate arm of Quebec’s largest pension fund manager is forming an alliance with Claridge, a private investment company controlled by members of the Bronfman family.

Ivanhoe Cambridge and Claridge say they’ll invest a total of about $100 million in residential and business properties, including low-density office buildings.

A typical investment by the partnership is expected to range between $5 million and $15 million per project.

Claridge Real Estate, led by Wayne Heuff, will manage the partnership.

Ivanhoe Cambridge is a subsidiary of Caisse de depot et placement du Quebec, one of Canada’s largest pension fund managers while Claridge invests in a diversified portfolio on behalf of the Stephen Bronfman family.

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The Canadian Press

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