Ivanhoé Cambridge building Paris Duo high-rises

Ivanhoé Cambridge building Paris Duo high-rises

Construction has begun on Ivanhoé Cambridge’s 1.1-million-square-foot Duo high rise tower project in Paris, with its developer secure in the fact all of its office space has already been leased. Set for completion in 2021, the mixed-use project in the 13th arrondissement of Paris consists of 27- and 39-storey office towers, a 139-room hotel, retail space, public gardens, a sky bar and an auditorium.

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More malls set to become mixed-use developments

The future of shopping centres lies in mixed-use developments, according to the author of Colliers International Consulting’s new national retail report. “I think that in increasingly rare circumstances will we see large-scale retail-only developments,” said Colliers vice-president and director of retail consulting James Smerdon.

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NADG NNN REIT files prospectus for Canadian IPO

NADG NNN Real Estate Investment Trust has filed a preliminary prospectus in Canada for an initial public offering of trust units worth up to US $50 million. The preliminary prospectus qualifies the distribution of a minimum of US $20 million and a maximum of US $50 million of class-A units, class-I units, and/or class-U units of the REIT at a price of Cdn $10 per class-A unit and class-I unit and US $10 per class-U unit.

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Market more important than cap rate in apartment valuation

Apartment building capitalization rates are dependent upon location, quality of product and how quickly rents are growing in a market, and they should considered as only one factor when deciding on whether to invest. “The liquidity of the market and the stability of the market are far more important than the cap rate,” said SVN/Angelic Real Estate managing director Gabriel Silverstein at a Toronto apartments symposium.

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Partners REIT sells Thunder Bay shopping centre

Partners REIT says it has an unconditional agreement to sell the Thunder Centre retail power centre in Thunder Bay, Ont., for $39.75 million. The buyer was not disclosed in a release sent by Partners to announce the sale. Partners said the sale price “represents a gain on Partners’ current book value of the asset.”

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Six months ago: Greybrook, Fieldgate team up in Shelburne, Ont.

With people continuing to be priced out of the Greater Toronto Area (GTA) single-family housing market, communities on the periphery are taking advantage and looking to meet their needs. One of the latest planned developments to do this will be built on a 54-acre site in Shelburne, Ontario.

Property Biz Canada

One year ago: Conundrum, ManuLife to grow multi-res platform

Conundrum Capital Corporation’s Q Management LP (QMLP) is taking a step up from being a boutique multi-family asset and property management platform with the sale of a 49 per cent stake to Manulife Asset Management Private Markets. “We’ve been approached by a number of firms over the last couple of years, but Manulife was a natural strategic partner for us,” said Conundrum chief executive officer Dan Argiros.

Property Biz Canada

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