Ivanhoé Cambridge announces the acquisition of a calculated equity stake in Golden Resources, the German property vehicle focused on manage-to-core office financial investments. The car is managed by Lianeo Real Estate an seasoned property manager with an excellent track record across Germany. Lianeo Property is owned as well as led by Amir Dayan.
Golden Funding owns and also manages one of the largest as well as most diversified private property Ivanhoé Cambridge platforms in Germany. Its portfolio contains 39 residential properties, the huge majority office buildings, located in the seven largest cities of Germany. The homes supply more than 500,000 square metres of leasable area with a complete possession worth of 1 billion euros.
This financial investment by Ivanhoé Cambridge will add to enhancing the top quality of the profile via property repositioning as well as brand-new purchases in the largest German cities. Golden Resources's method contains purchasing possessions with high worth production potential, most of which in the office market.
Karim Habra, Head of Europe and also Asia-Pacific, Ivanhoé Cambridge, commented: "This financial investment notes the return of Ivanhoé Cambridge in Germany, a critical market for us. We were encouraged by the high quality and also the value-creation potential of Golden Capital's underlying properties along with Lianeo's property administration proficiency. We anticipate growing this system and creating exceptional lasting performance."
CONCERNING IVANHOÉ CAMBRIDGE
Ivanhoé Cambridge establishes and also buys top quality property residential properties, projects as well as business that are shaping the metropolitan textile in vibrant cities worldwide. It does so sensibly, for produce long-lasting performance. Ivanhoé Cambridge is dedicated to developing living spaces that cultivate the well-being of people and neighborhoods, while decreasing its environmental footprint.
Vertically incorporated in Canada, Ivanhoé Cambridge spends worldwide alongside critical partners and major realty funds that are leaders in their markets. Via subsidiaries as well as partnerships, the Business holds passions in more than 1,000 structures, primarily in the commercial and logistics, office, household as well as retail fields. Ivanhoé Cambridge held close to C$ 65 billion in real estate assets as at December 31, 2018 as well as is a real estate subsidiary of the Caisse de dépôt et positioning du Québec (cdpq.com), one of Canada's leading institutional fund supervisors. To learn more: ivanhoecambridge.com.
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