Ivanhoé Cambridge and APG Drop $920 Million on Chongbang Group

Posted on 06/23/2015


Ivanhoé Cambridge, the real estate unit of Caisse de Depot et Placement du Quebec (CDPQ), and APG Asset Management N.V. together invested US$ 920 million in Chinese retail property firm Chongbang Group. Ivanhoé Cambridge invested US$ 500 million in the capital raise. APG Asset Management allocated US$ 420 million. The institutional investors participated in a […]