URBANIZATION

The planet is becoming urbanized at an incredibly fast pace. It is estimated that, by 2050, 70% of the global population will be living in cities, compared with a mere 10% at the turn of the 20th century and 33% in 1950. In 1990, only 10 cities in the world had more than 10 million inhabitants. By the year 2014, there were 28, and 41 are expected between now and 2030 (United Nations Department of Economic and Social Affairs). These striking statistics present compelling arguments for the enormous potential to be tapped into by the real estate industry.

It is becoming more and more commonplace for major corporations to move their head offices to central business districts. Likewise, the creative and tech sectors are setting up shop in cities that continue to densify in order to attract next-generation talent for whom proximity of services is an integral part of their lifestyle.

Whether it is in the downtown core of North America’s and Europe’s biggest metropolises, where millennials are weaving their lifestyles and expectations into the urban fabric, or in growing markets around the world, where the rise of the middle class is fuelling the demand for new urban centres, today’s businesses must keep finding ways to reinvent themselves and take advantage of these new market dynamics.

This is why Ivanhoé Cambridge targets the most exciting and dynamic cities to build and invest in projects that will make their mark and offer inspiring work spaces that contribute to the well-being of tenants as well as their employees and clients. The Company is rolling out game-changing projects that are transforming the cities where it opts to invest, thereby contributing to the creation of new urban developments and neighbourhoods.

Invest globally.
Act locally.

In each market, Ivanhoé Cambridge teams up with the best partners to build properties that will blend harmoniously and sustainably into the urban landscape and contribute to the economic and social vitality of their respective communities. This is a responsible approach that is reflected in the Company’s performance. After all, properties located in socially and economically flourishing neighbourhoods are by their very nature value creators.

Ivanhoé Cambridge has struck up a number of strong partnerships to help it develop urban projects around the world. The companies it works with have an unrivalled knowledge of the conditions of their respective markets. The result: excellent opportunities that are a perfect match for local needs. In 2017, the Company and its partners invested in landmark projects in the heart of some of the most dynamic cities in North America, Latin America, Europe, and the Asia-Pacific region.

Working with the right partners is one of the most important parts of our business: they play an integral part in completing the transactions that we put together. Our local teams in select international cities are key to developing and fostering our relationships with those strategic partners, not only to oversee the sound management of our current assets but also to keep their eyes open to new investment opportunities.

Rita-Rose Gagné

President, Growth Markets

Rita-Rose Gagné

President, Growth Markets

Rita-Rose Gagné is responsible for the implementation of Ivanhoé Cambridge’s strategy in Latin America and in Asia Pacific. She is a member of the Board of Directors of Ancar Ivanhoe, a joint venture that manages more than 20 shopping centres in Brazil. She also sits on several boards of directors including Chongbang and LOGOS in Asia-Pacific.

Ms. Gagné has some 20 years of legal experience, including 17 years in private practice. She worked with the Fasken Martineau law firm as Senior Partner, commercial and real estate law. In 2006, she joined SITQ as Senior Director, Legal Affairs, and was later promoted to Vice President, Legal Affairs, then Senior Vice President and General Counsel. After the merger of the Caisse’s real estate activities under Ivanhoé Cambridge, she was appointed Executive Vice President, Strategy, where she led the portfolio and investment funds management. Appointed as head of the Growth Markets team in 2014, Ms. Gagné was promoted to President of the business unit in 2017.

Rita-Rose Gagné is a prominent speaker, much sought-after to discuss such topics as growth markets and international transactions.

Mexico: Contributing to a vibrant community

In 2017, Mira, Ivanhoé Cambridge’s strategic partner in Mexico, kicked off construction of the residential portion of Neuchâtel Cuadrante Polanco, a mixed-use property in Mexico City. The new property is part of a master plan for a lively residential community in the city’s downtown core. The project will also include office space.

Neuchâtel Cuadrante Polanco, Mexico City, Mexico

United States: Building inspiring residential communities

The Company and its partner Greystar invested in the privatization of Monogram Residential Trust, a REIT that invests in top-quality residential complexes offering a range of lifestyle amenities. Monogram develops and operates properties in prime locations, with an emphasis on communities in select coastal markets in the United States. Monogram’s portfolio includes investments in 48 complexes comprising more than 12,000 units.

India: Meeting the need for quality housing

India’s economy is one of the most dynamic in the world right now. It is home to a staggering 1.3 billion people, or 18% of the world’s total population. This translates to a booming demand for quality housing. In 2017, the Company joined forces with Piramal, one of the country’s largest fund managers, to finance residential construction projects in Delhi (National Capital Region), Bangalore, Pune, Chennai and the Mumbai Metropolitan Region.

In 2017, Ivanhoé Cambridge and its partner Greystar invested in the privatization of Monogram Residential Trust.

Other major projects featuring an urban mobility component are underway, including DUO in the French capital’s 13th arrondissement.

By foot, by bike, by subway and beyond

The appeal of downtown cores is closely associated with innovative urban mobility solutions that allow users to get around in these hives of activity. When planning its urban projects, Ivanhoé Cambridge deliberately seeks out sites that are close to public transit and other active transportation alternatives.

The latest in Ivanhoé Cambridge’s next-generation office buildings, Maison Manuvie is located directly above what is colloquially known as Montreal’s “underground city,” with direct connections to the McGill and Peel metro stations, making active transportation a real possibility even in winter. What’s more, one of the city’s busiest bicycle paths runs alongside the property. And, in the future, the occupants of Maison Manuvie will be able to travel from their workplace to Montréal-Trudeau airport and numerous other key destinations within Greater Montreal by way of the Réseau express métropolitain (REM) transit system.

Other major projects featuring an urban mobility component are underway, including CIBC Square in Toronto, in conjunction with Hines and Metrolinx, and Paris’s DUO complex in the French capital’s 13th arrondissement, conveniently located near public transit, including bus, tramway, RER as well as a metro line. DUO will also boast over 21,500 ft² (2,000 m²) of indoor storage space for bicycle commuters, complete with changing rooms and showers, as well as a series of electric vehicle charging stations.

Sustainable commuting: Mobility options for Ivanhoé Cambridge’s new urban developments

River Point

Chicago (2017)

Subway, train

Maison Manuvie

Montreal (2017)

Metro and future REM

DUO

Paris (2021*)

Bus, tramway, metro, express train (RER)

CIBC Square

Toronto, 81 Bay Street (2020)

Toronto, 141 Bay Street (2023)

GO train and multi-modal station (bus, train, subway, streetcar)

*Tenant move-in date

OUTLOOK

Understanding trends, anticipating needs

We see our projects as a legacy we are passing down to future generations. They are our way of contributing to the sustainable growth of the cities where we operate.

Adam Adamakakis

Executive Vice President, Office, North America

Adam Adamakakis

Executive Vice President, Office, North America

Adam Adamakakis is responsible for Ivanhoé Cambridge’s investment, financing and office asset management activities in Canada and the United States, a market where the Company has posted strong growth.

Mr. Adamakakis has been a member of the Ivanhoé Cambridge senior management team since January 2011, when he was appointed Executive Vice President, Investments, Eastern North America. In this capacity, he was responsible for all investment, asset management and leasing activities for the Eastern Region portfolio, both in Canada and the United States. He was also previously Executive Vice president, Investments for the Office, North America business unit.

Mr. Adamakakis has extensive experience in investment sales and valuation of major office properties and portfolio transactions. Prior to joining Ivanhoé Cambridge, he worked for 14 years with RBC Capital Markets Real Estate Group, the largest dedicated corporate real estate finance group in Canada. Having joined RBC Capital Markets as an Associate, he went on to become Vice President and then Director before being appointed Managing Director in 2006.

Mr. Adamakakis has sat on several boards of directors, including those of the Fondation St-Clément and the Urban Development Institute (UDI) of Quebec. He is also the Regional Chair of the MIT Educational Council in Montreal. Mr. Adamakakis holds a Master of Science in Real Estate Development from the Massachusetts Institute of Technology (MIT), as well as a Bachelor of Science in Architecture and a Bachelor of Architecture from McGill University.

DUO, a landmark project, is set to transform the 13th arrondissement in the city of Paris.

Millennials are starting families, and self-driving cars will soon be commonplace on our roadways. What will the impact of these new phenomena be on real estate development?

Trends come and go, but Ivanhoé Cambridge always keeps its eye on the big picture to develop forward-looking projects that will become the spaces where tomorrow’s generations live and work.

Two prime examples of this are CIBC Square and DUO, landmark projects that will transform the cities they call home. And then there are the innovative developments that will propel economic and urban growth at the local level, such as those initiated by Ivanhoé Cambridge in the Asia-Pacific region and Mexico.