Canadian pension fund giant Caisse de dépôt et placement du Québec and the Bronfman family’s private equity firm Claridge are partnering in a new real estate development effort in the Montreal region.
Caisse property subsidiary Ivanhoé Cambridge and Claridge said Wednesday they’re setting up a business alliance with the goal of investing together with private property developers in mid-sized real estate projects in and around Quebec’s biggest city.
The partnership will be managed by Claridge Real Estate and led by Wayne Heuff as Executive Vice President and Managing Director. Mr. Heuff will leverage his lengthy experience in the real estate industry to manage the projects that will be recommended to the partnership.
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