Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

Montreal-based Ivanhoé Cambridge made its first major move into the ‘last mile’ warehouse market this week, closing on its purchase of Evergreen Industrial Properties from private equity investment firm TPG Real Estate. The investment unit of Montreal pension fund advisor Caisse de Depot et Placement du Quebec announced it plans to buy more. Financial terms of the transaction were not disclosed, although media reports speculated the owner/operator…

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