Ivanhoe Cambridge buys office building in London business district

MONTREAL – Ivanhoe Cambridge is buying a London office property for the equivalent of about C$323.3 million.

The property, known as 3 Minster Court, was built in the 1990s in a historic business district of London.

The Montreal-based real estate company, an arm of the Caisse de depot, says the 170-pound acquisition fits its goal of building a critical mass of high-quality assets in London.

3 Minster Court is part of a multi-building complex developed by The Prudential.

The neo-gothic property is leased to the London Underwriting Centre.

Ivanhoe Cambridge holds about $42 billion of assets, mainly in Canada, the United States, Europe, Brazil, mexico and Asia.