Westbank to lead Oakridge Centre development under QuadReal

March 13, 2017 6:32 pm

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Ivanhoé Cambridge has sold Vancouver’s Oakridge Centre to QuadReal Property Group but terms of the deal are not being released, QuadReal announced January 25.

QuadReal has selected Vancouver developer Westbank to partner on a potential Oakridge redevelopment. Some of Westbank’s best-known local projects include the Woodwards redevelopment, the Fairmont Pacific Rim, Telus Garden and Vancouver House.

QuadReal is owned by Vancouver’s British Columbia Investment Management Corp. while Ivanhoé Cambridge is owned by Quebec’s Caisse de dépôt et placement du Québec.

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