Contact Us

Ivanhoé Cambridge Heads to Australia With Liberty Place Stake

Toronto Office

Ivanhoé Cambridge has made its first direct investment Down Under, partnering with Blackstone Property Partners Asia to acquire a 25% interest in Sydney, Australia, office property Liberty Place. The stake in the 42-storey office complex—purchased from LaSalle Investment Management—is worth about $230M. Completed in 2013, Liberty Place, with 648k SF, is 97% leased. Ivanhoé EVP Rita-Rose Gagne said her firm “continues to explore the possibilities of increasing our investments in Australia and in other parts of the Asia-Pacific region in 2015.”