Ivanhoe Cambridge

Infobox_Company
company_name = Ivanhoe Cambridge
company_type = Privately held company
foundation = February 2nd, 2001
location_city = Montreal, Quebec
location_country = Canada
industry = Property Management
key_people = René Tremblay, President & CEO
homepage = [http://www.ivanhoecambridge.com www.ivanhoecambridge.com]

Ivanhoe Cambridge is a property management and development company that formed from the merger of two former companies, Ivanhoe and Cambridge, in 2001. Although referred as a merger, Ivanhoe officially absorbed Cambridge and disbanded it.

Ivanhoe Cambridge is a subsidiary of the Caisse de dépôt et placement du Québec. The company's headquarters are located in Montreal and its retail presence is focused in Canada, but it's expanding into the US, European and Asian markets. It operates numerous big shopping centers and was named among the top 50 private companies in Canada.

About the previous entities

Ivanhoe Corporation

Ivanhoe Corporation was founded in 1952 by Sam Steinberg, creator of the Steinberg grocery chain. In 1954, the company opened its first shopping centre called Dorval Gardens.

Ivanhoe is credited for developing many of the first shopping centers in Quebec. Throughout the 1950s and 1960s, Ivanhoe built more shopping malls in the Greater Montreal Area than any other real estate company. It also built malls in other regions of Quebec as well as the Ottawa area, although it's flagship presence had always been in the Montreal area.

Until 1995, Ivanhoe's property were small or mid size shopping malls. The company virtually had no large shopping centres aside from a few exceptions like the Mail Champlain in Brossard. With the acquisition in 1995 of Galeries Rive-Nord in Repentigny and Place Montreal Trust in downtown Montreal, Ivanhoe began envisionning for larger shopping malls. Ivanhoe went on a purchase spree of super regional malls both within and outside of Quebec although it continued to operate it's original small and medium shopping malls. After Ivanhoe merged with Cambridge in 2001, the company divested itself from its small and medium shopping malls.

Cambridge Malls

Cambridge Malls was an Ontario real estate company that operated malls, mainly in the English-speaking provinces of Canada. The company has had a scarce presence in Quebec but is credited for having developed Place Vertu, a shopping mall still owned by Ivanhoe Cambridge.

External links

* [http://www.ivanhoecambridge.com Ivanhoe Cambridge website]