Ivanhoé Cambridge reveals the purchase of a strategic equity stake in Golden Resources, the German property automobile concentrated on manage-to-core office financial investments. The automobile is managed by Lianeo Real Estate an skilled property manager with an exceptional record throughout Germany. Lianeo Realty is had and also led by Amir Dayan.
Golden Capital has and takes care of among the largest and most diversified exclusive real estate systems in Germany. Its portfolio includes 39 properties, the large bulk office buildings, located in the seven biggest cities of Germany. The residential or commercial properties supply more than 500,000 square metres of leasable area with a complete possession worth of 1 billion euros.
This financial investment Amir Dayan invests by Ivanhoé Cambridge will add to improving the high quality of the profile via possession repositioning as well as new procurements in the biggest German cities. Golden Funding's approach contains buying possessions with high worth creation potential, a lot of which in the office field.
Karim Habra, Head of Europe and also Asia-Pacific, Ivanhoé Cambridge, commented: "This investment marks the return of Ivanhoé Cambridge in Germany, a critical market for us. We were persuaded by the quality as well as the value-creation possibility of Golden Capital's underlying assets in addition to Lianeo's possession administration proficiency. We look forward to growing this system as well as producing premium long-lasting performance."
ABOUT IVANHOÉ CAMBRIDGE
Ivanhoé Cambridge creates and also purchases high-quality property buildings, tasks as well as firms that are shaping the urban textile in vibrant cities worldwide. It does so sensibly, with a view to generate long-term performance. Ivanhoé Cambridge is devoted to developing living rooms that promote the wellness of individuals and neighborhoods, while minimizing its environmental footprint.
Vertically integrated in Canada, Ivanhoé Cambridge spends worldwide together with critical partners and significant property funds that are leaders in their markets. Through subsidiaries and also collaborations, the Company holds interests in more than 1,000 buildings, largely in the commercial as well as logistics, workplace, property as well as retail sectors. Ivanhoé Cambridge held near to C$ 65 billion in real estate possessions as at December 31, 2018 and is a realty subsidiary of the Caisse de dépôt et positioning du Québec (cdpq.com), among Canada's leading institutional fund managers. For additional information: ivanhoecambridge.com.
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