Ivanhoe Cambridge
Ivanhoé Cambridge is the Montreal-based real estate investment arm of Caisse de dépôt et placement du Québec (CDPQ), owning and managing retail and commercial properties for institutional tenants and serving Quebec's public pension stakeholders; since June 2025 it operates under the La Caisse brand.
- Company typePrivate
- Founded1953
- HeadquartersMontréal, Canada
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Ivanhoe Cambridge does
Ivanhoé Cambridge is a Montreal-based real estate investment and management company founded in 1953, operating as the dedicated real estate portfolio of Caisse de dépôt et placement du Québec (CDPQ), a Quebec Crown corporation. The company owns and manages a portfolio of retail and commercial real estate assets, including shopping centers, malls, and office properties, primarily serving major retail chains, department stores, and commercial tenants seeking physical retail and office space. Its core offering is institutional-grade real estate investment and landlord services rather than a technology or software product; the company distributes space directly through owned properties across Canada with international exposure.
Since June 2025, Ivanhoé Cambridge has operated under the La Caisse brand as part of a broader brand consolidation by its parent organization, allowing the real estate portfolio to leverage the parent organization's heritage and identity while pursuing investments in Quebec and internationally. The company has historically pursued growth through acquisitions, including Callahan Capital Properties in 2018 and Evergreen Industrial Properties in 2017, signalling an active M&A-driven expansion strategy across asset classes and geographies. As a wholly-owned subsidiary of CDPQ, which manages Quebec's public pension insurance funds, the entity operates under a quasi-governmental mandate to generate returns for depositors rather than to maximize shareholder profit, and its governance, scale (1,001–5,000 employees), and access to long-duration capital distinguish it from purely private-market real estate operators.
Ivanhoe Cambridge firmographics
Firmographics- Name
- Ivanhoe Cambridge
- Legal name
- Ivanhoé Cambridge
- Website
- https://ivanhoecambridge.com
- Company type
- Private
- Founded year
- 1953
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Ivanhoé Cambridge is the Montreal-based real estate investment arm of Caisse de dépôt et placement du Québec (CDPQ), owning and managing retail and commercial properties for institutional tenants and serving Quebec's public pension stakeholders; since June 2025 it operates under the La Caisse brand.
- Ownership category
- akta.pro rank
Ivanhoe Cambridge industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Real Estate Property Managers (53131), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Investment Trusts (6798), Operators Of Nonresidential Buildings (6512)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industry
- Real Estate Investment Sales (Income-Producing Properties) (FSAEAJAC)
Keywords
Where Ivanhoe Cambridge is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Markets served
Ivanhoe Cambridge business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales
Distribution channels1 record
Ivanhoe Cambridge product offering
Product offeringCore offering
Ivanhoé Cambridge owns, operates, and manages a portfolio of commercial real estate assets, primarily shopping centers, malls, and office properties in Québec and internationally. Its core activity is acquiring, leasing, and actively managing these properties to generate rental income and long-term returns. Since June 2025, the portfolio has been marketed under the La Caisse brand.
Product overview
Ivanhoe Cambridge is a real estate investment and management company that operates as a portfolio under La Caisse (Caisse de depot et placement du Quebec). Since June 2025, Ivanhoe Cambridge has been operating under the La Caisse brand. The company focuses on real estate investments in Quebec and internationally, working with partners to maximize value for stakeholders. The company's core offering is its real estate portfolio management and investment services rather than a traditional technology product or software platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Commercial Real Estate Investment Portfolio Acquires, owns, and manages commercial real estate assets including shopping centers, malls, and office properties in Québec and internationally, generating rental income and capital appreciation for CDPQ depositors.
- Retail and Commercial Property Leasing Leasing of retail and office space within Ivanhoé Cambridge's owned shopping centers and commercial properties to retail chains, department stores, and commercial tenants across Canada.
Companies that use Ivanhoe Cambridge
Customer profileSegments2 records
Ideal customer profiles2 records
Ivanhoe Cambridge technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ivanhoe Cambridge partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Toys "R" Us CanadaminorIvanhoé Cambridge is listed as one of the major landlords owed substantial amounts by Toys "R" Us Canada, which filed for creditor protection and is conducting liquidation sales and store closures. Ivanhoé Cambridge is among the creditors including Cadillac Fairview, Oxford Properties and RioCan Holdings owed significant rent payments as the retailer reduces its footprint from 53 closed stores.
Recent moves4 records
Expansion highlights4 records
Ivanhoe Cambridge competitors and assessment
Company assessmentDirect peers
- Cadillac Fairview: A major Canadian institutional commercial real estate owner and operator of shopping centers and office properties. Cadillac Fairview is directly comparable to Ivanhoé Cambridge in scale, asset mix, and tenant profile, and is co-listed as a major Toys "R" Us Canada creditor.
- Oxford Properties: Canadian institutional real estate investor owned by OMERS, operating office, retail, and mixed-use assets domestically and globally. Directly comparable as a Canadian pension-backed peer with a similar commercial-led investment strategy.
- RioCan Real Estate Investment Trust: One of Canada's largest REITs, focused primarily on retail shopping centers with a large national footprint. Directly comparable on asset class focus, tenant base, and operational model, and is co-listed as a Toys "R" Us Canada creditor.
- PSP Investments (Real Estate): Real estate investment arm of a major Canadian pension fund, investing in office, retail, and residential assets globally. Directly comparable as another Canadian pension-backed institutional real estate platform.
- Bentall Kennedy (BGO): Global real estate investment management firm with significant Canadian institutional mandates. Directly comparable as an institutional third-party manager serving pension funds and large investors with diversified real estate portfolios.
- CBRE Global Investors: Global institutional real estate investment management business with multi-sector mandates. Comparable as a peer institutional investor serving large capital pools with diversified real estate strategies.
Broad incumbents
- Brookfield Asset Management (Real Estate): One of the world's largest alternative asset managers, with a substantial global real estate platform spanning office, retail, logistics, and hospitality. Comparable as a broad incumbent real estate investor operating at significantly larger scale than Ivanhoé Cambridge.
- Simon Property Group: Largest U.S. REIT and global retail real estate operator with a portfolio of premium shopping centers and outlets. Comparable as a broader incumbent shopping-center owner/operator facing the same anchor-tenant and e-commerce pressures.
- Unibail-Rodamco-Westfield: Global owner and operator of flagship shopping destinations across Europe and the U.S. Comparable as a broader incumbent retail-led real estate platform exposed to the same structural pressures on brick-and-mortar retail.
Regional players
- GIC Real Estate: Real estate arm of the Singapore sovereign wealth fund, investing globally across commercial real estate. Comparable as a sovereign-backed institutional real estate investor with similar long-duration capital approach, though operating primarily in Asia-Pacific and from a different home geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Ivanhoe Cambridge social profiles
Digital presenceIvanhoe Cambridge financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ivanhoe Cambridge leadership team
Management profileNumber of profiles
Profiles1 record
Ivanhoe Cambridge funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ivanhoe Cambridge M&A and investment
M&A and investmentM&A2 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ivanhoe Cambridge
What does Ivanhoe Cambridge do?
Ivanhoé Cambridge owns, operates, and manages a portfolio of commercial real estate assets, primarily shopping centers, malls, and office properties in Québec and internationally. Its core activity is acquiring, leasing, and actively managing these properties to generate rental income and long-term returns. Since June 2025, the portfolio has been marketed under the La Caisse brand.
Is Ivanhoe Cambridge a public or private company?
Ivanhoe Cambridge is a private company. It is classified as state government owned and is currently operating.
When was Ivanhoe Cambridge founded?
Ivanhoe Cambridge was founded in 1953. It employs 1,001 to 5,000 people.
Where is Ivanhoe Cambridge based?
Ivanhoe Cambridge is headquartered in Montréal, Canada, in the North America region.
Who are Ivanhoe Cambridge's main competitors?
Direct peers on record are Cadillac Fairview, Oxford Properties, RioCan Real Estate Investment Trust, PSP Investments (Real Estate), Bentall Kennedy (BGO) and CBRE Global Investors. Broad incumbents are Brookfield Asset Management (Real Estate), Simon Property Group and Unibail-Rodamco-Westfield. GIC Real Estate is listed as a regional player.
Does Ivanhoe Cambridge have an API?
No public API is recorded for Ivanhoe Cambridge.
What industry is Ivanhoe Cambridge in?
Ivanhoe Cambridge's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of FSAEAJAC, Real Estate Investment Sales (Income-Producing Properties). Its NAICS code is 53131 and its SIC code is 6532.