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.
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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.
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