Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
Vancouver Market - Tracking commercial real estate investment sales across Metro Vancouver — sale prices, cap rates, and $/SF data for apartment, retail, office, land, and development transactions. By David Taylor, SVP at Colliers International Canada.
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Investment, Office

Ivanhoe’s Fournier Thanks Vancouver for Top-Performing Asset

By Evan Duggan

Daniel Fournier, Ivanhoe Cambridge

There’s a familiar sports cliché Daniel Fournier likes to use when describing his vision for Ivanhoe Cambridge in his role as the massive commercial real estate investment firm’s chairman and CEO.

“Go big or go home,” Fournier says more than once during Wednesday’s interview in a seventh-floor suite of the 75-year-old Fairmont Hotel Vancouver — a masterpiece Ivanhoe Cambridge is currently shopping as part of an ongoing shift toward tightening its grasp on high-profile shopping centres and office tower buildings.

Fournier would repeat the phrase again downstairs in a keynote address to the Vancouver Board of Trade. He comes by the sports lingo honestly. Fournier, who took over the multi-billion dollar reins of Ivanhoe Cambridge in 2010, took a break from his studies at Oxford in 1977 to play a season for the CFL’s Ottawa Rough Riders.

Fournier said he came to the West Coast partly to say “thank you to Vancouver, because we’ve done very, very well here,” but also to share insight on how he plans to transform Ivanhoe Cambridge from a real estate investment machine with $40 billion in assets, into a $70-billion behemoth.

Ivanhoe Cambridge, the real estate arm of  …read more

Source:: RENX

November 28, 2014by david.taylor@colliers.com

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David Taylor Personal Real Estate Corporation

Colliers International

DT

David Taylor

Senior Vice President, Colliers Canada

David Taylor is a Senior Vice President at Colliers International in Vancouver, BC, specializing in the sale of commercial real estate across Metro Vancouver. He has sold over $1.7 Billion in office buildings, retail properties, apartment buildings and development land since 2004.

Vancouver Market chronicles investment and development activity in Metro Vancouver, including sale prices, cap rates, $/SF metrics, and market context for commercial real estate transactions.

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