Ivanhoé Cambridge (the real estate arm of the Caisse de dépôt et placement du Québec), along with affiliates of Apollo Global Management and Residential Land, has acquired Brandeaux Group’s interests in the Thurloe Estate in a £100-million ($183.2-million) deal.
A second asset called Strathmore Court was acquired in an off-market transaction for approximately £40 million. These transactions bring the partnership’s total investments to approximately £430 million.
The Thurloe Estate has 127,566 square feet of residential and retail space. And Strathmore Court has 44,500 square feet of residential and retail space.
“These are strong assets in prime locations that offer great potential for added value,” says Sylvain Fortier, Ivanhoé Cambridge’s executive vice-president, residential, hotels and real estate investment funds. “Our partners are playing an invaluable role in helping Ivanhoé Cambridge successfully develop a critical mass of high-quality residential assets in the core of London.”
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