Ivanhoe Cambridge
Encyclopedia
Ivanhoe Cambridge is a property management
and development company that formed from the merger of two former companies, Ivanhoe and Cambridge, in 2001.
, creator of the Steinberg
grocery chain. In 1954, the company opened its first shopping centre called Dorval Gardens
.
Ivanhoe is credited for developing many of the first shopping centres in Quebec
. Throughout the 1950s and 1960s, Ivanhoe built more shopping malls in the Greater Montreal Area
than any other real estate company. Place Greenfield Park
, opened in 1963, was the company's first enclosed mall. It also built malls in other regions of Quebec as well as the Ottawa
area, although its flagship presence had always been in the Montreal area.
In the 1980s, Ivanhoe Corporation became Ivanhoe Inc., and was sold to the Caisse de dépôt et placement du Québec
in 1990.
Until 1995, Ivanhoe's properties were small or mid-size shopping malls. The company had very few large shopping centres. With the acquisition in 1995 of Galeries Rive Nord in Repentigny
and Place Montréal Trust
in Downtown Montreal
, Ivanhoe began envisioning larger shopping malls. Ivanhoe went on a buying spree of super regional malls both within and outside of Quebec although it continued to operate its original small and medium shopping malls. After Ivanhoe merged with Cambridge in 2001, the company divested itself from its small and medium-sized shopping malls.
Mail Champlain
in Brossard
and Place Sainte-Foy
in Quebec City
are the only two shopping centres built by Ivanhoe Corporation that are still managed by successor Ivanhoe Cambridge. However, Ivanhoe Cambridge no longer owns 100% of either mall. Mail Champlain is now co-owned with HOOPP (Hospitals of Ontario Pension Plan), while Place Sainte-Foy is co-owned with a German
investment firm.
real estate company founded in 1960 by the Tabachnik and Odette families. Cambridge opened its first mall in 1962 and operated 42 malls across the country. Cambridge fully acquired competitor Markborough Properties from the Hudson's Bay Company
in 1996.
Ivanhoe began to buy shares
from Cambridge in 1998. In August 1999, Ivanhoe became the majority shareholder of Cambridge, and by October 1, 2000, Cambridge was a wholly owned subsdiary of Ivanhoe.
In contrast to Ivanhoe Corporation, many of Cambridge's former malls are still owned and managed by Ivanhoe Cambridge. The following are all former Cambridge malls that still belong to Ivanhoe Cambridge: Southgate Centre
, Southcentre Mall
, Kildonan Place
, Guildford Town Centre, Place Vertu
, Vaughan Mills
, Mapleview Centre
, Oshawa Centre
, Mayfair Shopping Centre
, Mill Woods Town Centre
, Oakridge Centre, Sunridge Mall
, Burlington Mall
, Conestoga Mall
, Bayshore Shopping Centre
, Upper Canada Mall
, Metropolis at Metrotown, Devonshire Mall
, Dixie Outlet Mall and a few others
. The company's headquarters are located in Montreal
, Quebec
, Canada
and its retail presence is focused in Canada
, but it is expanding into the US
, Europe
an and Asia
n markets. It operates numerous big shopping centres and was named among the top 50 private companies in Canada.
Ivanhoe Cambridge also holds ownership in many shopping malls that are managed by other property management companies. This is usually the case for its international operations. But this can also be the situation in Canada. For example, Ivanhoe Cambridge owns at 50% Les Galeries d'Anjou
and Fairview Pointe-Claire
; two of Cadillac Fairview
's four "Fashion centres" malls. Ivanhoe Cambridge's predecessor Ivanhoe Corporation used to partly own the two other "Fashion centres", Carrefour Laval
and Promenades Saint-Bruno
, but these two malls are now wholly owned by Cadillac Fairview.
Ivanhoe Cambridge owns, to various degree, more than 100 shopping centres worldwide with half of them under its management. Examples of notable malls that are not only managed by Ivanhoe Cambridge but also fully owned by it include Vaughan Mills
and Rockland
.
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
and development company that formed from the merger of two former companies, Ivanhoe and Cambridge, in 2001.
Ivanhoe Corporation
Ivanhoe Corporation was founded in 1952 by Sam SteinbergSam Steinberg
Samuel Steinberg, OC was a Hungarian immigrant to Canada who transformed the grocery store founded by his mother, Steinberg's Supermarket, into one of the largest chains in the Province of Quebec....
, creator of the Steinberg
Steinberg's
Steinberg's was a Canadian grocery store chain that mainly operated in the province of Quebec. In addition to its flagship supermarket chain, the company operated several subsidiaries across the country...
grocery chain. In 1954, the company opened its first shopping centre called Dorval Gardens
Jardins Dorval
Les Jardins Dorval is one of the oldest shopping centres in Quebec. It is situated in the Montreal suburb of Dorval, Quebec, and located on Dorval Avenue near Autoroute 20...
.
Ivanhoe is credited for developing many of the first shopping centres in Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
. Throughout the 1950s and 1960s, Ivanhoe built more shopping malls in the Greater Montreal Area
Greater Montreal Area
Greater Montreal is one of the two metropolitan communities of Quebec.Greater Montreal is the most populous metropolitan area in Québec. As of 2009, Statistics Canada identifies Montréal's Census Metropolitan Area as Canada's second most populous with a population of 3,859,318...
than any other real estate company. Place Greenfield Park
Place Greenfield Park
Place Greenfield Park is a large strip mall located in the Greenfield Park borough of Longueuil, Quebec, Canada. It is located on Taschereau Boulevard, extending from Gladstone Street to Margaret Street. It is jointly owned by RioCan and Kimco, and operated by RioCan...
, opened in 1963, was the company's first enclosed mall. It also built malls in other regions of Quebec as well as the Ottawa
Ottawa
Ottawa is the capital of Canada, the second largest city in the Province of Ontario, and the fourth largest city in the country. The city is located on the south bank of the Ottawa River in the eastern portion of Southern Ontario...
area, although its flagship presence had always been in the Montreal area.
In the 1980s, Ivanhoe Corporation became Ivanhoe Inc., and was sold to the Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec manages public pension plans in the Canadian province of Quebec. It was founded in 1965 by an act of the National Assembly...
in 1990.
Until 1995, Ivanhoe's properties were small or mid-size shopping malls. The company had very few large shopping centres. With the acquisition in 1995 of Galeries Rive Nord in Repentigny
Repentigny, Quebec
Repentigny is an off-island suburb of Montreal, in the province of Quebec, located north of Montreal, on the lower end of the L'Assomption River and on the Saint Lawrence River. Repentigny and Charlemagne are the first towns off the island of Montreal.-History:...
and Place Montréal Trust
Place Montreal Trust
Place Montréal Trust is a shopping mall in Downtown Montreal, located west of the Eaton Centre, at the corner of Saint Catherine Street and McGill College Avenue. With over of stores and services, Place Montreal Trust attracts 14 million visitors each year. Its indoor water fountain has the...
in Downtown Montreal
Downtown Montreal
Downtown Montreal is the central business district of Montreal, Quebec, Canada. It is nearly enitirely located at the southern most slope of Mount Royal and is approximately bounded by Sherbrooke Street to the north, Papineau Avenue to the east, Guy Street or until Shaughnessy Village to the west,...
, Ivanhoe began envisioning larger shopping malls. Ivanhoe went on a buying spree of super regional malls both within and outside of Quebec although it continued to operate its original small and medium shopping malls. After Ivanhoe merged with Cambridge in 2001, the company divested itself from its small and medium-sized shopping malls.
Mail Champlain
Mail Champlain
Mail Champlain is a shopping mall located in Brossard, Quebec at the intersection of Taschereau Boulevard and Lapinière Boulevard...
in Brossard
Brossard
Brossard is a suburban area, located on the south shore of the Saint Lawrence River, opposite the island and city of Montreal.Brossard is subdivided into many smaller sections. These sections are characterized by having street names that all begin with the same letter of the alphabet...
and Place Sainte-Foy
Place Sainte-Foy
Place Sainte-Foy is an upscale shopping mall in the Sainte-Foy—Sillery borough of Quebec City. It is managed by Ivanhoe Cambridge, and owned in equal proportions by Ivanhoe Cambridge and Commerzbank AG....
in Quebec City
Quebec City
Quebec , also Québec, Quebec City or Québec City is the capital of the Canadian province of Quebec and is located within the Capitale-Nationale region. It is the second most populous city in Quebec after Montreal, which is about to the southwest...
are the only two shopping centres built by Ivanhoe Corporation that are still managed by successor Ivanhoe Cambridge. However, Ivanhoe Cambridge no longer owns 100% of either mall. Mail Champlain is now co-owned with HOOPP (Hospitals of Ontario Pension Plan), while Place Sainte-Foy is co-owned with a German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
investment firm.
Cambridge Shopping Centres Ltd
Cambridge Shopping Centres Limited was a TorontoToronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
real estate company founded in 1960 by the Tabachnik and Odette families. Cambridge opened its first mall in 1962 and operated 42 malls across the country. Cambridge fully acquired competitor Markborough Properties from the Hudson's Bay Company
Hudson's Bay Company
The Hudson's Bay Company , abbreviated HBC, or "The Bay" is the oldest commercial corporation in North America and one of the oldest in the world. A fur trading business for much of its existence, today Hudson's Bay Company owns and operates retail stores throughout Canada...
in 1996.
Ivanhoe began to buy shares
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
from Cambridge in 1998. In August 1999, Ivanhoe became the majority shareholder of Cambridge, and by October 1, 2000, Cambridge was a wholly owned subsdiary of Ivanhoe.
In contrast to Ivanhoe Corporation, many of Cambridge's former malls are still owned and managed by Ivanhoe Cambridge. The following are all former Cambridge malls that still belong to Ivanhoe Cambridge: Southgate Centre
Southgate Centre
Southgate Centre is a shopping centre located in south Edmonton, Alberta, Canada, and is the third-largest mall in the city, after West Edmonton Mall and Kingsway Mall. It contains 154 retailers including Sears, The Bay, Safeway, HMV, Coles, Coach, Inc., Bench and Geox and many other small/chain...
, Southcentre Mall
Southcentre Mall
Southcentre Mall is one of the largest shopping malls in Calgary, Alberta, , and contains approximately 190 stores and services over two floors. It is located in the City's southeast quadrant at the intersection of Macleod Trail and Anderson Road, and across the street from the Anderson C-Train...
, Kildonan Place
Kildonan Place
Kildonan Place is a middle-market regional shopping centre that serves shoppers in the northeast area of the city with a mix of national, regional, and local retailers. Strategically situated in one of the busiest retail and commercial nodes in Winnipeg, the mall has over 100 stores and services,...
, Guildford Town Centre, Place Vertu
Place Vertu
Place Vertu is a Canadian shopping centre in the Montreal borough of Saint-Laurent in Quebec. It is located on Cote-Vertu boulevard, corner of Cavendish Boulevard....
, Vaughan Mills
Vaughan Mills
Vaughan Mills is a large shopping centre in Canada located at the southeast corner of Highway 400 and Rutherford Road, in Vaughan, Ontario about 32 km north of Downtown Toronto. The mall is located adjacent to Canada's Wonderland...
, Mapleview Centre
Mapleview Centre
Mapleview Centre or simply called Mapleview is a two story upscale shopping mall located in Burlington, Ontario, Canada on Maple Avenue and Fairview Street at the Queen Elizabeth Way . The mall was opened in September 1990 and is owned by Ivanhoe Cambridge...
, Oshawa Centre
Oshawa Centre
Oshawa Centre is a two story shopping mall located in the City of Oshawa, Ontario. It is the largest mall east of Toronto. The Oshawa Centre is owned and managed by Ivanhoe Cambridge.-Anchors:The Oshawa Centre has several large anchor stores....
, Mayfair Shopping Centre
Mayfair Shopping Centre
Mayfair Shopping Centre is a mall located in Victoria, British Columbia.Mayfair first opened in 1963. However, it wasn't enclosed until 11 years later. Since then the mall has expanded 3 more times, and now offers more than 120 stores and services including The Bay and Toys "R" Us. It also provides...
, Mill Woods Town Centre
Mill Woods Town Centre
Mill Woods Town Centre is a shopping centre located in south Edmonton, Alberta in the neighbourhood of Mill Woods. It contains 85 retailers including Zellers, Canadian Tire, Safeway and Shoppers Drug Mart. Some surrounding satellite stores are located in and around the mall's exterior properties...
, Oakridge Centre, Sunridge Mall
Sunridge Mall
Sunridge Mall is a major enclosed shopping mall in Calgary, Alberta containing 807,635 square feet / 75,031.7 m² of retail space. It is the leading shopping centre in the city's northeast quadrant, located at the corner of 36th Street NE and 26th Avenue NE. It is adjacent to the Rundle LRT station...
, Burlington Mall
Burlington Mall (Canada)
The Burlington Mall is a shopping mall located in Burlington, Ontario, is owned by , and was owned until mid-2011 by Ivanhoe Cambridge. It has two floors, the upper floor covers the wing leading to the food court, the floor above the food court area, and the second floor of the Bay. The mall...
, Conestoga Mall
Conestoga Mall
Conestoga Mall is a major shopping mall situated at 550 King Street North in Waterloo, Ontario, Canada. Located at King Street's interchange with Highway 85 , it is the largest shopping centre in Waterloo, and third-largest in Waterloo Region...
, Bayshore Shopping Centre
Bayshore Shopping Centre
Bayshore Shopping Centre is a major shopping mall located in Ottawa, Ontario, Canada, more specifically in the former city of Nepean, Ontario. The mall is one of the busiest in the National Capital Region as it attracts about 7 million visitors per year from across the city and the surrounding...
, Upper Canada Mall
Upper Canada Mall
Upper Canada Mall, or simply Upper Canada, is a shopping mall located in Newmarket, Ontario, Canada, on the northwest corner of the Davis Drive West and Yonge Street intersection. The mall is owned and operated by Oxford Properties, one of the largest shopping centre development companies in Canada...
, Metropolis at Metrotown, Devonshire Mall
Devonshire Mall
Devonshire Mall is a shopping center located in Windsor, Ontario, Canada. The mall has Zellers, The Bay, Sears, and other stores, totaling over 200. The mall currently occupies over 1 million square feet in retail space, and it dominates the retail landscape in Windsor and the lower southern...
, Dixie Outlet Mall and a few others
Modern operations
Ivanhoe Cambridge is a subsidiary of the Caisse de dépôt et placement du QuébecCaisse de dépôt et placement du Québec
The Caisse de dépôt et placement du Québec manages public pension plans in the Canadian province of Quebec. It was founded in 1965 by an act of the National Assembly...
. The company's headquarters are located in Montreal
Montreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
and its retail presence is focused in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, but it is expanding into the US
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
an and Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
n markets. It operates numerous big shopping centres and was named among the top 50 private companies in Canada.
Ivanhoe Cambridge also holds ownership in many shopping malls that are managed by other property management companies. This is usually the case for its international operations. But this can also be the situation in Canada. For example, Ivanhoe Cambridge owns at 50% Les Galeries d'Anjou
Les Galeries d'Anjou
Galeries d'Anjou is a shopping mall located in the Anjou borough of Montreal, Quebec, Canada. Current major tenants include The Bay, Sears, Zellers and Brick. It is roughly ....
and Fairview Pointe-Claire
Fairview Pointe-Claire
Fairview Pointe-Claire, also called Fairview Centre , is one of the biggest super regional shopping malls on the island of Montreal with about spread on two levels of shopping space...
; two of Cadillac Fairview
Cadillac Fairview
Cadillac Fairview Corporation Limited is a North American investor, owner, and manager of commercial real estate.The name "Cadillac Fairview" came into existence in 1974 as a result of the merger between Cadillac Development Corporation Ltd and Fairview Corporation...
's four "Fashion centres" malls. Ivanhoe Cambridge's predecessor Ivanhoe Corporation used to partly own the two other "Fashion centres", Carrefour Laval
Carrefour Laval
Carrefour Laval is a super regional mall located in Laval, Quebec, Canada at the intersection of the Laurentian Highway and Laval Freeway...
and Promenades Saint-Bruno
Promenades Saint-Bruno
Les Promenades Saint-Bruno is a shopping mall in Saint-Bruno, Quebec that broke ground in 1976 and completed in 1978, making it the youngest of the four self-branded "Fashion centres" operated by Cadillac Fairview. Les Promenades Saint-Bruno is the largest mall in the Montérégie and part of its...
, but these two malls are now wholly owned by Cadillac Fairview.
Ivanhoe Cambridge owns, to various degree, more than 100 shopping centres worldwide with half of them under its management. Examples of notable malls that are not only managed by Ivanhoe Cambridge but also fully owned by it include Vaughan Mills
Vaughan Mills
Vaughan Mills is a large shopping centre in Canada located at the southeast corner of Highway 400 and Rutherford Road, in Vaughan, Ontario about 32 km north of Downtown Toronto. The mall is located adjacent to Canada's Wonderland...
and Rockland
Centre Rockland
Centre Rockland is an upscale mall located at the intersection of the Metropolitan Boulevard and de L'Acadie Boulevard in Mount Royal, Quebec. The mall is owned and operated by the shopping centre development company Ivanhoe Cambridge, which is a principal real estate subsidiary of Caisse de dépôt...
.