The Caisse de dépôt et placement du Québec has merged its real estate subsidiaries under one entity. The new group, which will be called Ivanhoe Cambridge Group, will unite the shopping centre group, Ivanhoe Cambridge and the office and residential sector operator, SITQ.
Each subsidiary will operate independently, but corporate functions like finance, human resources, governance and strategy will be shared. Daniel Fournier has been named as Chairman and CEO of Ivanhoe Cambridge Group.
Click here for the release from PR Newswire.