Ivanhoé Cambridge and LaSalle Strengthen Strategic Partnership with Syndication of Vaughan Mills

Lasalle joins the ownership of one of the most prominent retail shopping centers in the Greater Toronto Area, alongside long-term owner Ivanhoé Cambridge


Ivanhoé Cambridge (“IC”) announced today that it has syndicated a 49% stake of Vaughan Mills shopping centre to LaSalle Investment Management (“LaSalle”), as part of a syndication process. The 49% share represents one of the largest retail transactions Ivanhoé Cambridge has made over the past few years.  

Per the syndication terms, Ivanhoé Cambridge and LaSalle will serve as co-owners, as IC will continue to act as asset manager in executing the property business plan.

We are thrilled to share the news of this enhanced partnership with LaSalle, a sophisticated player who will contribute to the continued success of this property”, said Annie Houle, Head of Canada at Ivanhoé Cambridge. “Vaughan Mills is a prominent shopping centre that has stood out over the past twenty years, highlighting the strength of retail”.

You can now read the full press release at the link below