Ivanhoe Cambridge Residential acquires The Rockhill complex in Montréal

Ivanhoe Cambridge Residential, a new entity of the Ivanhoe Cambridge Group, the real estate subsidiary of the Caisse de dépôt et placement du Québec, today announced that its first acquisition has taken place in Québec: the renowned Rockhill complex, a grouping of six rental buildings located in the heart of Montréal.

“Ivanhoe Cambridge Residential contributes to the diversification of the real estate portfolio of the Group by shining a spotlight on the multi-residential rental buildings that we own in large urban centres in Canada, the United States and Europe,” declared Daniel Fournier, chairman of the board and CEO of the Ivanhoe Cambridge Group.

“This transaction represents an important milestone in our acquisition strategy. Ivanhoe Cambridge Residential intends to position itself as a quality player in the multi-residential sector, paying constant attention to making our real estate assets more profitable, thanks to prudent and proactive management,” stated Sylvain Fortier, president and CEO of Ivanhoe Cambridge Residential.

The Rockhill Apartments

Built in 1967, the Rockwell complex is located at the foot of Mount Royal, 10 minutes from downtown Montreal. It stands out because of the intelligence of its design: a thousand apartments in six separate buildings, linked by an underground parking lot. Studios, duplex apartments (penthouses), not to mention a host of 3 ½, 4 ½ and 5 ½ room units, all having large window arrangements and most featuring  at least one balcony, with spectacular views of Mount Royal, St. Joseph’s Oratory or downtown. The Rockhill boasts an interior courtyard that’s magnificently laid out with gardens and a fountain, service boutiques, indoor and outdoor parking as well as a huge indoor swimming pool.

ABOUT IVANHOE CAMBRIDGE RESIDENTIAL 

Ivanhoe Cambridge Residential is a business unit of the Ivanhoe Cambridge Group, one of the 10 largest real estate companies in the world, with assets in 24 countries valued at $30 billion as of December 31, 2010. The Group is the real estate arm of the Caisse de dépôt et placement du Québec. Ivanhoe Cambridge Residential invests in multi-residential rental buildings in large urban centres in Canada, the United States and Europe. One of the company’s strengths is its solid partnerships, notably with SRG and Stonehenge, two American companies that acquire and manage multi-residential buildings, mainly in California and New York.