THIS IS HOW
WE DO
BUSINESS

River Point, Chicago, United States

In 2017, Ivanhoé Cambridge continued to demonstrate its ability to seize opportunities and execute complex deals. The Company made significant inroads in the logistics and industrial sector, as it launched and acquired platforms and vehicles in North America, Europe and the Asia-Pacific region, working alongside select strategic partners with expert knowledge of local markets. It signed two historic leases with Natixis and CIBC, anchor tenants for state-of-the-art projects officially launched in 2017: DUO in Paris and CIBC Square in Toronto.

Ivanhoé Cambridge also delivered major development projects, celebrating the inauguration of two AAA office buildings — River Point in the heart of Chicago, and Maison Manuvie in downtown Montreal — as well as the complete transformation and reopening of Montreal’s Fairmont The Queen Elizabeth hotel, and the grand opening of Outlet Collection Winnipeg, the latest addition to the Company’s retail offering.

In the residential sector, alongside its partner Greystar, the Company invested $1.6 billion in the privatization of Monogram Residential Trust, a company that owns, operates and develops high-quality apartment communities with more than 12,000 rental units.

And that’s not all. Despite an uncertain geopolitical climate and market volatility, Ivanhoé Cambridge’s real estate investment funds, which represent approximately 8% of the portfolio, generated solid returns in 2017. Ivanhoé Cambridge is also the principal shareholder in Gecina, which became Europe’s fourth largest real estate group during the year, following its acquisition of Eurosic.

The scale, diversity and quality of its projects, assets and investments speak to the Company’s ability to leverage its expertise and that of its partners to create value across the portfolio, while shaping the cities of tomorrow. This is how Ivanhoé Cambridge does business.

What sets us apart as investors is that we have the DNA of builders and the operational expertise acquired through putting together large portfolios of diversified assets in many different territories around the globe. We are fortunate to be able to develop our projects from beginning to end, and then to look after them as good owners.

Nathalie Palladitcheff

President

Nathalie Palladitcheff

President

Nathalie Palladitcheff is responsible for developing and ensuring the execution of the company’s global strategy and for supervising the alignment of its investment and corporate activities. She leads the strategic planning process, ensuring that portfolio development is achieved in an optimal and balanced way according to asset allocation and the risk-return ratio. She is also responsible for specialized research activities and she guides the business units concerning the identification of investment opportunities in various sectors, geographies and products.

Ms. Palladitcheff also manages all activities related to Finance in the Company: Corporate Accounting, Operational Accounting, Treasury, Financing, Property Valuation and Taxation. She leads the Human Resources, Legal Affairs and Information Technologies teams, and is responsible for the implementation of the best practices and technological trends to meet business needs and maintain Ivanhoe Cambridge’s leadership in the field.

Nathalie Palladitcheff began her career with Coopers & Lybrand Audit (1991 to 1997), before joining Banque Française commerciale de l’Océan Indien (1997 to 2000) as Director of Financial Affairs and Management Audits. She then served as Deputy Managing Director of Société Foncière Lyonnaise de Paris (2000). In 2006 and 2007, she was Managing Director of Dolmea Real Estate, which is principally engaged in the acquisition, management and rental of residential properties in the Ile-de-France region.

Ms. Palladitcheff joined Icade in 2007 as a member of the Executive Committee in charge of Finance, Legal Affairs and Information Technology. In 2010, she also assumed responsibility for the Property Services division (Facility, Property Management and Council). In February 2015, she was appointed Acting CEO of Icade. She joined Ivanhoé Cambridge, in August 2015, as Executive Vice President and Chief Financial Officer.

Ms. Palladitcheff was a Director of various Companies such as Silic, Qualium Investments, Crédit agricole CIB and Gecina, and presently sits on the Board of Directors of Spie, the French Chamber of Commerce and Industry in Canada, the Fondation CHU Sainte-Justine as well as Otéra Capital.

Ms. Palladitcheff is a graduate of École Supérieure de Commerce de Dijon (ESC Dijon) and holds a Diplôme d’Études Supérieures Comptables et Financières (DESCF) and a Diplôme d’Études Financières et Comptables (DECF). In 2012, she received France’s insignia of Chevalier of the Ordre national du mérite (Knight of the National Order of Merit).

SHAPING THE CITIES OF TOMORROW

Ivanhoé Cambridge is a responsible investor dedicated to helping build the cities of tomorrow.

Partnering for success

As an investor, developer and operator, Ivanhoé Cambridge works hand in hand with partners who bring unique expertise and proven track records in key markets to the table. This approach is vital to executing the company’s investment strategy, which focuses on the world’s most dynamic cities. Being at the right place and the right time, alongside partners that share common objectives and values, is the most effective way to seize opportunities as they arise.

From leading global investors such as Blackstone, to strong players in their respective geographical markets such as Veritas in San Francisco, Peel Logistics in the United Kingdom, Chongbang in Shanghai, LOGOS in the Asia-Pacific region and Ancar Ivanhoe in Brazil, Ivanhoé Cambridge takes pride in teaming up with high-calibre partners across the globe.

1405 Franklin, San Francisco, United States

For our projects, we pull out all the stops to ensure everything is carried out according to plan. Choosing the right partners is essential, as they each bring their own brand of expertise and hands-on experience to the table.

John Rosato

Executive Vice President, Capital Projects and Development Quebec

John Rosato

Executive Vice President, Capital Projects and Development Quebec

John Rosato is responsible for the Company’s capital projects portfolio and for office development projects in Quebec. His responsibilities touch on several sectors of the Company, including: Office, Residential and Hotels, and Industrial.

John has extensive experience that he has put to excellent use since he arrived at Ivanhoé Cambridge in 2013 as Vice President, Fixed Assets, Residential and Hotels. He has played a key role in several major projects carried out by the North American residential and office platforms, and he will continue to do so.

John has worked in the real estate industry for almost 25 years. Before joining Ivanhoé Cambridge, he worked for such companies as TrizecHahn Office Properties as Director, Operations and Construction for the Quebec portfolio and later, for the Eastern Canada portfolio, successfully leading various acquisition and disposition projects. In 2000, he joined Jones Lang Lasalle, where he worked for almost 13 years, holding the key position of Managing Director, Projects and Development, for the Canadian platform, and then that of Acting Chief Operating Officer, with responsibility for all Canadian operations.

John is recognized by his colleagues and partners for bringing a strong work ethic, unparalleled dedication and inspiring leadership to everything he undertakes and for being a skilful negotiator with a comprehensive understanding of building operations.

John has a bachelor’s degree in economics and finance from Concordia University. He is actively involved in the community through United Way.

Hines, CIBC and Metrolinx: Partners of choice for CIBC Square

In 2017, the Company drew on the power of its strategic partnerships to break ground on CIBC Square. After years of preparation, planning and close collaboration, Ivanhoé Cambridge had forged solid ties with its project partners, namely Hines — a world-renowned property investor and developer, CIBC — the complex’s anchor tenant and a leading Canadian-based global financial institution, and Metrolinx — the agency that manages public transport in the Greater Toronto Area. They are working together to transform the site’s GO terminal into a transit, business and community hub.

The opportunity to work with such prominent stakeholders and tap into a formidable source of pooled resources is an undeniable advantage for a development of this scope. “Integrity, urban responsibility, tenacity, expert knowledge in the field, great public-private partnership skills and guts define Ivanhoé Cambridge,” said Kevin Shannahan, CEO, Midwest and Southeast Regions, Canada and South America, Hines.

“Part of building the bank of the future is not only the technology that we are investing in, but also the physical premises that will be so exciting for our employees, and for our clients and for the community to visit. The beautiful design, including the urban park, will be a jewel not only for CIBC, but for the City of Toronto. We are so pleased to be partnering with Hines and Ivanhoé Cambridge,” declared Victor Dodig, President and CEO, CIBC.

85 Broad Street, New York, United States

Responsible and innovative investment: Issuing North America’s first ever “green bond”

The Company is respected as an agile investor that is well positioned to take advantage of market changes. As its portfolio grows and it executes increasingly complex transactions, it must think outside the box and explore the best options on the market to finance debt.

In 2017, Ivanhoé Cambridge and its partner Callahan Capital Properties worked together with Natixis to issue the first ever “green” commercial mortgage-backed security (CMBS) in the United States. The US$72-million “green bond” was issued to refinance part of a fixed-rate mortgage loan provided by Natixis to Ivanhoé Cambridge for the acquisition of 85 Broad Street in Manhattan. To qualify, the bond needed to abide by the Green Bond Principles established by the International Capital Market Association (ICMA) and heavily relied on the fact that it had obtained LEED Platinum certification.

This financing is a great example of how like-minded global players are able to work together to bring new green initiatives to the market, which is right in line with Ivanhoé Cambridge’s commitment to sustainability.

As we execute large and increasingly complex deals, we are putting in the necessary work to be more agile and innovative in our transactions.

Alfonso Graceffa

Head of Business Units

Alfonso Graceffa

Head of Business Units

Mr. Graceffa is responsible for the strategic orientation and the operating management of the business units of Ivanhoé Cambridge. He is also responsible for ensuring that investment decisions are aligned with the global strategy of the company and that key partnerships contribute to its growth.

Mr. Graceffa is also President and Chief Executive Officer of Otéra Capital, a leader in commercial real estate debt in Canada and a subsidiary of the Caisse de dépôt et placement du Québec. As such, he is responsible for Otéra Capital’s strategic orientations and oversees all of its operations. He heads the Executive Committee and is a member of the Board of Directors of the company.

Mr. Graceffa’s professional experience is built on more than 30 years of commercial lending in the field of real estate with responsibilities in underwriting, risk management and asset management. He joined Otéra Capital in 2008 as Vice-President, Investment Management and then assumed the positions of Vice-President, Credit and Workouts, of Executive Vice-President and Chief Investment Officer and of President and Chief Operating Officer until his appointment as President and Chief Executive Offier in 2013.

Previously, he led the commercial real estate lending team of National Bank of Canada where he was responsible for the origination, the asset management and the investment management of its commercial real estate loan portfolio. He has also worked at Standard Life, Citibank and Barclays Bank.

Mr. Graceffa is also Chairman of the Board of MCAP, one of Canada’s largest independent mortgage financing companies. He holds a Master of Business Administration (MBA) degree from McGill University.

Fostering talent and collaboration in an international playground

With the expansion of the portfolio and entry into new territories and asset classes, adding talent on the ground in targeted international cities is an essential step to supporting growth. In 2017, the Company opened international offices in Mexico City, São Paulo and Mumbai. These teams are the eyes and ears on the ground, staying informed of socioeconomic realities and trends in emerging markets, managing relationships with local partners and seeking out opportunities for new strategic partnerships, all while collaborating closely with colleagues at the head office.

The world is a large playground and Ivanhoé Cambridge is serious about attracting and developing top talent to play in it. It has earned an excellent reputation among the international real estate and investment community thanks to its agility and entrepreneurial spirit. The Company is populated by doers, people who have the drive and determination to dream big and then make deals happen, and the commitment to do it all with a mindful, conscientious approach.