Pivoting to India, Ivanhoé Cambridge and Mapletree Form RE Venture

Posted on 02/10/2023

Ivanhoé Cambridge, the real estate unit of Caisse de dépôt et placement du Québec, with Singapore-based Mapletree Investments announced a strategic partnership to launch a new investment platform to develop, own, and operate technology-sector-focused workplaces in India with an investment capacity of over CAD 2.5 billion. Properties and projects have already been identified to meet these ambitions. Mapletree will lead all real estate development, project management, leasing, and operations. The investment strategy for the venture will focus on both stabilized, and development of high-quality Class A workplace assets in key economic hubs in India, which are benefiting from the exponential growth in technology led innovation activities anchored by global capability centers, as well as large domestic and international technology services corporations.

Mapletree Investments is a real estate development, investment, capital and property management company. Mapletree Investments is owned by Temasek Holdings. Mapletree Investments has spent the majority of its time developing real estate in China, Singapore, and other parts of Asia.

Keywords: Caisse de depot et placement du Quebec.

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