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Ivanhoé Cambridge & Partners Acquire 73 Silicon Valley Buildings

By Mihaela Lica Butler | March 24, 2013

William R.C. TreshamLast week Ivanhoé Cambridge announced the acquisition of a total of 73 office buildings in Silicon Valley. In partnership with affiliates of TPG and DivcoWest, IC further expands their US portfolio of properties. The deal allows these partners access to some 6.4 million square feet of long terms lease property in and around San Jose.

Ivanhoé Cambridge’s President, Global Investments, Bill Tresham (at left), had this to offer about the move:

“This investment of more than 400 M$US enables us to acquire a critical mass of assets in a rental market that is seeing one of the best growth rates in the United States. We look forward to working with our experienced partners, TPG and DivcoWest, to increase the value of the office and R&D properties through additional investments and through strong asset management committed to meeting tenant needs.”

About Ivanhoé Cambridge: This world-class property owner, manager, developer and real estate investing company specializes in shopping centers, office buildings and multiresidential properties. A real estate subsidiary of the Caisse de dépôt et placement du Québec, the firm is headquartered in Montreal with branch offices in Toronto, Calgary, Vancouver, Madrid, Luxembourg, Shanghai and Paris.

For more information on this Silicon Valley acquisition, or other property investments by IC, readers should consult the original press release or visit the firm's website.

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Mihaela Lica Butler is senior partner at Pamil Visions PR. She is a widely cited authority on public relations issues, with an experience of over 25 years in online PR, marketing, and SEO.She covers startups, online marketing, social media, SEO, and other topics of interest for Realty Biz News.
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