DENVER—Ivanhoé Cambridge has spent more than$200 million for a 40% interest in a portfolio ofproperties located in downtown Denver, which includes theUS Bank Tower, the Tabor Centerand the adjacent Two Tabor development site.
The holdings were purchased from Canada Pension PlanInvestment Board. CPPIB had been part of the originaljoint venture since 2007.
With this transaction, Montreal-based Ivanhoé Cambridge becomesone of the main landlords in Denver's commercial business district,with an ownership position representing approximately 6% ofclass A office inventory in downtown Denver. Denver is atop performing US office market, driven by high growth industries,including energy, healthcare, technology and aerospace.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
