“We’ve invested in Singapore, Australia, Indonesia as well as China with LOGOS,” says George Agethen, co-head of Asia-Pacific at Ivanhoé Cambridge.
Ivanhoé Cambridge, a Canadian real estate company, is a unit of Caisse de dépôt et placement du Québec or CDPQ, which manages Quebec’s public and parapublic pension plans. It became almost a household name among investors when it acquired a stake in ARA LOGOS Logistics Trust (ALOG).
In November 2020, when ALOG raised funds for a transformational acquisition from its then-sponsor Logos, Ivanhoé Cambridge held a stake in two of the funds ALOG was about to acquire. As part of the transaction, ALOG issued $70 million worth of new units to Ivanhoé Cambridge, which in turn became a major unitholder in ALOG. In 2022, ESR-REIT acquired ALOG and it became ESR-LOGOS REIT or E-LOG.
