Ivanhoe Cambridge, Cadillac Fairview form joint venture with B.C. shopping mall

MONTREAL – Caisse de depot subsidiary Ivanhoe Cambridge and Cadillac Fairview Corp. form joint venture to consolidate ownership of Richmond Centre shopping centre in Richmond, B.C.

Ivanhoe Cambridge and Cadillac Fairview, which is owned by the Ontario Teachers Pension Plan, said Friday that they will each hold 50 per cent of the shopping centre, the north end of which was formerly owned and managed by Ivanhoe Cambridge, while the south end was owned and managed by Cadillac Fairview.

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Management, leasing and development of the combined centre will be carried out by Cadillac Fairview.

Ivanhoe Cambridge and Cadillac Fairview also co-own Market Mall in Calgary, Fairview Mall in Toronto, Fairview Pointe Claire in Pointe Claire, Que., and Galeries d’Anjou in Montreal.