News

Ivanhoé Cambridge Pursues Deployment of Business Plan with New Organizational Structure Based on Core Business Activities

Otéra Capital welcomes Raymond McManus as Vice Chairman of the Board and Strategic Advisor and three new Directors: Sylvain Fortier, Guy Fréchette and Yvon Tessier

Otéra Capital announced today that it has agreed to sell 1330 Avenue of the Americas for an amount of US$ 400 M.

Otéra Capital announced today that it has finalized the sale of its U.S. subsidiary CW Financial Services for an undisclosed amount.

Otéra Capital announced today, that it has agreed to sell its U.S. subsidiary CW Financial Services for an undisclosed amount.

François Girouard joined the Desjardins Group Pension Plan in July 1999 as a traditional investment manager.

Otéra Capital welcomes two new members to its Board of Directors: Ghislaine Laberge and Jean-Louis Hamel.

Montréal, December 4, 2009 - As part of the ongoing implementation of its business plan and the development of its key operations in Québec and across Canada, Otéra Capital today announces organizational and strategic changes.

Montréal, October 1, 2009 - Otéra Capital is pleased to announce the addition of Karen Laflamme to its Board of Directors. "The Management Committee, all employees of Otéra Capital and members of the Board are joining me in welcoming our new director Karen Laflamme" said René Tremblay, Chairman of the Board of Otéra Capital.

Otéra Capital has announced that it is now the owner of 1330 Avenue of the Americas. CWCapital Asset Management (CWCAM), an Otéra Capital subsidiary and one of the industry's premier special servicers, was named asset manager for the property. Jones Lang LaSalle, a professional services firm specializing in real estate, was selected as exclusive leasing agent and property manager for the 40 story, Class A boutique office building.

Otéra Capital is pleased to announce the addition of three new members to its Board of Directors. They are Sylvain Gareau, Michel Labonté and Raymond McManus.

Montréal, April 22, 2009 - Otéra Capital announces that it has completed the UCC foreclosure proceeding of 1330 Avenue of the Americas, a unique Class A boutique office building located in the heart of the Rockefeller Plaza district in New York. This is a result of a foreclosure it undertook as mezzanine lender.

Montreal, February 12, 2009 - With Todd Schuster's decision to step down as head of CW Financial Services (CWFS), Otéra Capital recently purchased his interest in the Company, raising its stake to 81% and consolidating its position on the U.S. real estate financing market through the subsidiary.

Montréal, January 16, 2009 - Otéra Capital, the new commercial real estate financing subsidiary of the Caisse de dépôt et placement du Québec, is proud to introduce its management team and outline the products that will position Otéra Capital as a key player in the real estate financing market. With its head office in Montreal, Otéra Capital was created early in 2008 to consolidate the Caisse's commercial real estate financing portfolio, to maintain its prominent position in the Canadian real estate debt market and to provide a platform to expand lending activities internationally.