Ivanhoé Cambridge acquires two additional multiresidential properties in the heart of London

Ivanhoé Cambridge acquires two additional multiresidential properties in the 
heart of London 
The acquisitions with a value of Cdn$100 million (£63.3 M) bring the number 
of rental units held in the UK capital to 254 
MONTREAL, Dec. 5, 2012 /CNW Telbec/ - Ivanhoé Cambridge announced today it 
has acquired majority ownership interests in two multiresidential complexes, 
Peony Court and Chantrey House, respectively in South Kensington and 
Belgravia, both highly sought-after districts in Prime Central London. These 
new assets will contribute to maintaining Ivanhoé Cambridge's momentum within 
the multiresidential real estate market in the British capital. 
Earlier this year, Ivanhoé Cambridge, along with its new partners Residential 
Land and entities affiliated with Apollo Global Real Estate, announced the 
acquisition of four multiresidential buildings totalling 207 rental units in 
Prime Central London. Through this partnership, Ivanhoé Cambridge is entitled 
to participate in any acquisition opportunity that is brought to the attention 
of the partners and matches its investment criteria. 
"London is an attractive market, and continuing our expansion there is a 
stimulating challenge," said Daniel Fournier, Chairman and Chief Executive 
Officer of Ivanhoé Cambridge. "These transactions, which are perfectly in 
keeping with our strategic plan, demonstrate the key role that our partners 
can play through their local expertise and network in helping us achieve our 
objectives and generate interesting returns for our depositors." 
Peony Court
Peony Court is a multiresidential complex comprising 19 units in three 
separate buildings. It features seven two-storey townhouses and 18 parking 
spaces, including two interior garages, which are exceedingly rare in London. 
It is also superbly well located, between Fulham Road and King's Road, two key 
arteries renowned for their shops and restaurants. The acquisition of Peony 
Court was conducted under the existing partnership with London-based firms 
Residential Land and Apollo Global Real Estate. 
"All of the properties acquired in London to date are located within a 2.5-km 
radius. Prime Central London has always been an attractive destination for 
large corporations looking for office space, but also for affluent individuals 
and families, who appreciate its culture and attractions," explained Sylvain 
Fortier, President, Residential, Ivanhoé Cambridge. 
Commenting on the transaction, Roger Orf, Head of Apollo Global Real Estate in 
Europe, said, "Peony Court is a welcome addition to our growing 
multiresidential portfolio with Residential Land and Ivanhoé Cambridge. We 
believe the property's desirable location, coupled with its associated 
amenities, makes it an appealing investment for our partnership." 
Bruce Ritchie, founder and CEO of Residential Land, commented: "Peony Court 
and Chantrey House represent exactly the type of properties the partnership is 
looking to purchase, particularly since each has an existing income stream as 
well as long-term rental improvement and refurbishment opportunities. We 
look forward to sourcing many more similar opportunities in the near future." 
Chantrey House 
Chantrey House is a multiresidential complex consisting of 28 rental units and 
five commercial spaces. Its high-quality, renovated dwellings are first-rate 
choices for prosperous clients looking for a pied-à-terre in an exceptional 
location. The Chantrey House acquisition was completed through a partnership 
with Residential Land. 
About Ivanhoé Cambridge
Ivanhoé Cambridge is one of the 10 largest real estate companies in the 
world. Through its multiple subsidiaries, its assets totalled more than Cdn$30 
billion and could be found in over 20 countries around the world as at 
December 31, 2011. Ivanhoé Cambridge is a real estate subsidiary of the 
Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's 
leading institutional fund managers. Ivanhoé Cambridge's residential 
portfolio invests in multi-residential rental buildings in large urban centres 
in Canada, the United States and Europe. For more information, visit 
About Residential Land
Bruce Ritchie's Residential Land group of companies has been one of the most 
prolific residential investors in Prime Central London in the last decade. 
Residential Land currently owns and manages a portfolio of approximately 1,000 
flats, houses, hotels and commercial properties across 24 postcodes in Prime 
Central London. It is valued in excess of £1billion. Residential Land 
also has extensive experience in co-investing in partnerships with both 
private and institutional investors. For more information, visit 
About Apollo Global Management
Apollo Global Management, LLC together with its subsidiaries (collectively, 
"Apollo") is a leading global alternative investment manager with offices in 
New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Hong 
Kong and Mumbai. As of September 30, 2012, Apollo had assets under management 
of approximately US$110 billion in its private equity, credit and real estate 
funds invested across a core group of nine industries, including commodities, 
where Apollo has considerable knowledge and resources. For more information 
about Apollo, please visit the company's website agm.com. 
Sébastien Théberge Senior Director, Public Affairs and Communications 
sebastien.theberge@ivanhoecambridge.com Media line:1866 456-3342 Global: 
Image with caption: "Ivanhoé Cambridge acquires Chantrey House, a prestigious 
multiresidential complex, in Prime Central London. (CNW Group/IVANHOE 
CAMBRIDGE)". Image available at:  
Image with caption: "Ivanhoé Cambridge acquires Peony Court, a prestigious 
multiresidential complex, in Prime Central London. (CNW Group/IVANHOE 
CAMBRIDGE)". Image available at:  
To view this news release in HTML formatting, please use the following URL: 
ST: Quebec
-0- Dec/05/2012 13:15 GMT
Press spacebar to pause and continue. Press esc to stop.