Blackstone and Ivanhoé Cambridge Name New Stuyvesant Town/Peter Cooper Village/ Property Management Company
April 07 2016 - 4:31PM
Business Wire
Blackstone (NYSE:BX), through funds it manages on behalf of its
real estate investors, and Ivanhoé Cambridge, a real estate
subsidiary of Caisse de dépôt et placement du Québec (CDPQ), today
announced that the new property management company at Stuyvesant
Town/Peter Cooper Village/ (STPCV) will be named StuyTown Property
Services, following the end of a transition period with former
property manager Compass Rock on April 1st.
On January 7, 2016, Blackstone and Ivanhoe Cambridge announced
the appointment of Rick Hayduk as the property’s new General
Manager to oversee the 110 buildings that house the 30,000
residents in the STPCV community.
“The termination of the previous management agreement and the
formal establishment of StuyTown Property Services marks a major
milestone for all residents,” said Nadeem Meghji, Senior Managing
Director, in Blackstone’s Real Estate Group. “We are pleased to
have Rick and his StuyTown Property Services team in place and
ready to serve the community.”
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $330 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests
in high-quality properties and companies in select cities around
the world. It does so prudently with a long-term view to optimize
risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge
has built a vertically integrated business across Canada.
Internationally, the Company invests alongside key partners that
are leaders in their respective markets. Through subsidiaries and
partnerships, Ivanhoé Cambridge holds interests in close to 500
properties, consisting primarily in office, retail, residential and
logistics real estate. Ivanhoé Cambridge held more than Cdn$55
billion in assets as at December 31, 2015. The Company is a real
estate subsidiary of the Caisse de dépôt et placement du Québec
(cdpq.com), one of Canada's leading institutional fund managers.
For further information: ivanhoecambridge.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160407006523/en/
BlackstonePaula Chirhart, +1
212-583-5011paula.chirhart@blackstone.comorIvanhoé
CambridgeSébastien Théberge,
+1-866-456-3342sebastien.theberge@ivanhoecambridge.com
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