News release Ivanhoé Cambridge

Ivanhoé Cambridge Partners with Lendlease to Invest in Life Science Developments

Real Estate Montréal and New York,

Partnership will source new development and redevelopment opportunities in established and emerging life science clusters across the U.S.

Ivanhoé Cambridge, a global real estate investor, and Lendlease (ASX: LLC), a leading global real estate and investment group, announced today they joined forces to launch a new life science joint venture that will deliver state-of-the-art labs, offices and manufacturing spaces in high-growth life science clusters across the U.S. Leveraging  the success of their partnership to develop 60 Guest Street in Boston, Lendlease and Ivanhoé Cambridge plan to invest an initial $500 million of equity with aspirations to grow the portfolio through additional equity investments over time.

For more details, read the complete news release on Ivanhoé Cambridge's website.

- 30 -

For more information