Better
balance

London

Modern, culturally rich and vibrant. A wonderful city to explore.

Patrick Graham*

Director, Innovation and Business Processes

London, October

Wednesday, 7:10 a.m. I’m just leaving the house. My high-performance bike whips through the city streets. Traffic hasn’t picked up just yet. I get to work 20 minutes later, leave my bike in the reserved section of the parking garage and head to the changing room. I pick up a cold-press coffee at the takeaway counter on the ground floor before I grab the elevator up to my office. Perfectly brewed, as always.

Today, I’ll be working out of the collaborative space with my team to put the finishing touches on the presentation we are making tomorrow. Having access to different environments that are suited to various kinds of projects is great for my focus and productivity. I really enjoy the sit-stand stations that let me move around and stay alert. The floor-to-ceiling windows, the solid-wood surfaces, the light… everything in this office inspires me. And no matter where I am in the building, access to the company’s cloud is always reliable. I’ve been working exclusively online for a while now.

Tomorrow’s presentation will be during our lunch hour. So I use the building’s concierge app to order a bunch of finger foods from the Japanese restaurant on the third floor. I even managed to book 10 minutes in the meditation room to relax before the presentation. It looks like we have everything we need to make this meeting a successful one for our team.

Fictional person/story

Allowing users to live well at work

To create spaces catering to the needs and well-being of users like Patrick, we seek to innovate with every project we undertake, while being careful to minimize our carbon footprint. Workspace flexibility is a major asset in a market where collaborative areas have become a must for choice employers. We select properties located in downtown cores and sought-after districts, a central location being vital to building dynamic, interconnected communities. Our office properties are alive with action, in tune with their environment and the surrounding cityscape.

We own several of the most prestigious office properties in some of the world’s most captivating markets. Our office buildings are in high demand because they surpass even the needs and expectations of tomorrow and because our services and spaces are designed to save users time, inspire them and facilitate exchanges.

Texas Tower, Houston, United States

A strong presence in the U.S.

A new and particularly innovative project will soon be added to our portfolio of high-quality office properties. We have teamed up with the Hines real estate company to develop and build Texas Tower, a new 47-storey building in Houston’s downtown. Designed by celebrated architectural firm Pelli Clarke Pelli, the project consists of a vertically integrated campus featuring premium-quality facilities, and amenities designed to attract and retain top talent for our partner tenants. It represents a different approach to creating and breathing life into common spaces, including a hotel-inspired lobby, diversified dining options, a profusion of networking areas, a full-service conference centre, public gardens on the 12th floor, a high-performance fitness centre and an 11-level indoor parking garage. The project is being built to meet stringent industry standards, having already been pre-certified LEED® Platinum and in accordance with the WELL Building Standard™ certification program.

We also announced the acquisition of a lot in the River North (RiNo) district of Denver with our partner Hines for the purpose of building a T3 office building. This new “Timber, Transit, Technology” type of property promises to become the standard in the years to come for employers looking for contemporary, distinctive office space that appeals to top talent in their field.

The building, a blend of sophisticated industrial design and a solid-wood structure, will house various forms of art that pay tribute to the city’s rich and ever-evolving artistic community. Developed to promote collaboration and work-life balance, the T3 building will offer an exceptional array of amenities, including common areas for socializing, extended private terraces for tenants, a modern fitness centre, bicycle parking facilities, 20,000 ft² (1,850 m²) of retail, and practical access to the commuter train serving Denver International Airport and Union Station. The building will be one of the most sustainable in Denver.

We also internalized all investment and asset management responsibilities of our U.S. office platform. We had signed a strategic relationship agreement in 2012 to grow this office property platform. Six years later, the objective had been reached and led to this transaction, which is helping us raise our visibility on the American continent and prepare the strategy that will guide the next steps for our U.S. office platform.

We choose the most sophisticated projects in terms of architecture, technology and energy efficiency in major cities. We develop office space that is conducive to employee recruiting, retention, collaboration and engagement; and provide a decidedly contemporary and urban experience. By teaming up with the best partner for each project, we can be sure to always rise to the challenge.

Arthur Lloyd

Chief Development Officer, Office, North America and Vice Chairman

Arthur Lloyd

Chief Development Officer, Office, North America and Vice Chairman

Arthur Lloyd is responsible for all development activities for Ivanhoé Cambridge’s Office, North America business unit. Mr. Lloyd has extensive experience with most major real estate asset classes and in most of the major North American markets.

Previously, Mr. Lloyd was the President, Office, North America. He joined SITQ in 2010 as Executive Vice President, Investments, Western North America. Mr. Lloyd began working in the industry in 1985 with Trizec in Calgary and Edmonton as Manager, then Director, of Leasing. In 1989, he was appointed Director of Corporate Development, then, in 1994, he became Vice President of Asset Sales. From 1997 to 2001, he held numerous positions with TrizecHahn Office Properties, including Asset Manager Western Canada and Senior Vice President, Acquisitions, and Asset Sales.

He then joined TGS North American REIT (real estate investment trust), where he served as Executive Vice President, then President and Chief Operating Officer. While at TGS, Mr. Lloyd acquired major office and retail properties in Denver, Dallas and Houston for an initial public offering. Prior to joining SITQ, he was President of Adam Capital Inc., a private venture-capital firm focused on capitalizing and adding value to startups.

Mr. Lloyd is a founding shareholder of Killam Properties Inc. (KMP), of which he has also been a Director since 2000. In addition, he was a Director, Vice Chairman and Chairman of RESL, a private renewable-energy firm, from 2006 to 2008. Mr. Lloyd also served for many years as Chairman of the Calgary East Village Housing Society, a non-profit housing organization that built and operates an apartment complex for low-income residents of Calgary.

Mr. Lloyd has a Bachelor’s Degree in Urban Geography from Saint Mary’s University.

CIBC SQUARE, Toronto, Canada

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High-profile tenants for CIBC SQUARE

AGF Management Limited announced that it will move its head office to CIBC SQUARE in 2020, as soon as the first tower has been completed. AGF chose our property as it provides occupants with market-leading amenities and an iconic design, while being strategically located at the confluence of all major transit channels in the heart of downtown Toronto.

As part of its Canadian expansion, tech giant Microsoft also picked CIBC SQUARE to house its new Canadian headquarters. The location and prestige of the project will enable Microsoft to attract the best talent to support its robust growth.

The arrival of these and other high-profile tenants finalizes the leasing of CIBC SQUARE’s first tower. Located at 81 Bay Street, the first building, to be delivered in 2020, is 100% leased more than two years before its delivery and a little less than 18 months after its launch. The second tower, which will be delivered in late 2023, is already 50% leased, with CIBC as its main tenant and others to come.

Cap Ampère, Greater Paris, France

Strategic choices in Europe

The year 2018 saw the acquisition of two major projects in France. The first was Cap Ampère, a 970,000 ft² (90,000 m²) office campus in the Saint-Denis Pleyel area of Greater Paris. It is made up of four connected buildings, which Électricité de France (EDF) has leased out for a firm nine-year term and committed to a renovation program.

We also acquired HUB 247, a future 97,000 ft² (9,000 m²) office property in Nanterre Coeur Université, developed by Bouygues Immobilier. Conceptualized by architectural firm François Leclercq, the building will combine efficiency, comfort, health, well-being, energy performance and will respect environmental standards. The Green Office-certified layout will generate more energy than it consumes. Its enviable geographical location, striking architecture and environmentally friendly features suit our investment criteria. These acquisitions are perfectly aligned with our long-term vision for Greater Paris, given their strategic location near the future Paris 2024 Olympic village, as well as a number of metro and train lines.

In office properties, as in other sectors, we stand out for promoting excellence and for raising industry standards. Our acquisitions in 2018 have rounded out our portfolio and further strengthened our market position.

After the launch of the DUO towers, our investments in the Cap Ampère and HUB 247 projects exemplify Ivanhoé Cambridge’s expertise and strategy in Europe. We target projects offering superior value-creation potential, specifically because of their strategic location in urban markets in the midst of regeneration.

Karim Habra

Head of Europe

Karim Habra

Head of Europe

Karim Habra is responsible for Ivanhoé Cambridge’s European platform. In that capacity, he oversees all the Company’s real estate operations in the European markets, including holdings worth more than CAD$8 billion, as well as its development activities.

Mr. Habra has more than 20 years of experience in the real estate sector. Over the years, he has held various positions that have enabled him to acquire solid expertise in all aspects of real estate. Mr. Habra began his career with GE Real Estate in 1998 and was given responsibility for its Central European operations in 2003, before joining JER Partners in 2008 as Managing Director, European Funds. In 2012, he joined LaSalle Investment Management as Managing Director of Central Europe, before becoming Managing Director of France and then Head of Continental Europe. He joined Ivanhoé Cambridge in 2018 as Head of Europe.

Mr. Habra holds a DEUG in management and economics, a Master of Management Sciences and a DESS in corporate finance from Université Paris-Dauphine. He speaks English, French and Arabic fluently.

HUB 247, Greater Paris, France

Globally, we have built a robust network of strategic partners who enable us to invest around the world and be an active local player. In 2018, we carried out a number of transactions with partners who we trust and who share our values and objectives.

Nathalie Palladitcheff

President

Nathalie Palladitcheff

President

Nathalie Palladitcheff is responsible for developing and ensuring the execution of the company’s global strategy and for supervising the alignment of its investment and corporate activities. She leads the strategic planning process, ensuring that portfolio development is achieved in an optimal and balanced way according to asset allocation and the risk-return ratio. She is also responsible for specialized research activities and she guides the business units concerning the identification of investment opportunities in various sectors, geographies and products.

Ms. Palladitcheff also manages all activities related to Finance in the Company: Corporate Accounting, Operational Accounting, Treasury, Financing, Property Valuation and Taxation. She leads the Human Resources, Legal Affairs and Information Technologies teams, and is responsible for the implementation of the best practices and technological trends to meet business needs and maintain Ivanhoe Cambridge’s leadership in the field.

Nathalie Palladitcheff began her career with Coopers & Lybrand Audit (1991 to 1997), before joining Banque Française commerciale de l’Océan Indien (1997 to 2000) as Director of Financial Affairs and Management Audits. She then served as Deputy Managing Director of Société Foncière Lyonnaise de Paris (2000). In 2006 and 2007, she was Managing Director of Dolmea Real Estate, which is principally engaged in the acquisition, management and rental of residential properties in the Ile-de-France region.

Ms. Palladitcheff joined Icade in 2007 as a member of the Executive Committee in charge of Finance, Legal Affairs and Information Technology. In 2010, she also assumed responsibility for the Property Services division (Facility, Property Management and Council). In February 2015, she was appointed Acting CEO of Icade. She joined Ivanhoé Cambridge, in August 2015, as Executive Vice President and Chief Financial Officer.

Ms. Palladitcheff was a Director of various Companies such as Silic, Qualium Investments, Crédit agricole CIB and Gecina, and presently sits on the Board of Directors of Spie, the French Chamber of Commerce and Industry in Canada, the Fondation CHU Sainte-Justine as well as Otéra Capital.

Ms. Palladitcheff is a graduate of École Supérieure de Commerce de Dijon (ESC Dijon) and holds a Diplôme d’Études Supérieures Comptables et Financières (DESCF) and a Diplôme d’Études Financières et Comptables (DECF). In 2012, she received France’s insignia of Chevalier of the Ordre national du mérite (Knight of the National Order of Merit).

Spaces in tune with their community

River Point, Chicago, United States

Where work, art and nature are united

Architect and sculptor Santiago Calatrava was selected to create a sculpture for the gardens at River Point in Chicago. The 1.5-acre park featuring botanical gardens and a riverwalk, provide an ideal setting for Calatrava’s work. The piece, whose working title is S25, will represent a spiral 29 ft (9 m) high and wide, comprising overlapping elements that resemble leaves on a tree. The massive layered structure, to be installed in summer 2019, will evoke depth and power from any angle or perspective.

Portfolio-wide connectivity

We were the first property owner to obtain Wired certification for our entire office portfolio (6 buildings) in Montreal. After being the first company in Quebec to have one of our properties Wired-certified (Maison Manuvie), we followed suit in Toronto with CIBC SQUARE and in Paris with DUO to reassert our commitment to meeting the evolving needs of our tenants.

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Place Ville Marie, Maison Manuvie and Édifice Jacques-Parizeau, Montreal, Canada

At Ivanhoé Cambridge, we set the bar high. We are constantly thinking outside the box in our properties and striving to exceed the needs and expectations of our tenants. They recognize our efforts and appreciate the level of service we give them. That’s why they choose us.

Adam Adamakakis

Executive Vice President, Office, North America

Adam Adamakakis

Executive Vice-President, Office, North America

Adam Adamakakis is responsible for Ivanhoé Cambridge’s investment, financing and office asset management activities in Canada and the United States, a market where the Company has posted strong growth.

Mr. Adamakakis has been a member of the Ivanhoé Cambridge senior management team since January 2011, when he was appointed Executive Vice President, Investments, Eastern North America. In this capacity, he was responsible for all investment, asset management and leasing activities for the Eastern Region portfolio, both in Canada and the United States. He was also previously Executive Vice president, Investments for the Office, North America business unit.

Mr. Adamakakis has extensive experience in investment sales and valuation of major office properties and portfolio transactions. Prior to joining Ivanhoé Cambridge, he worked for 14 years with RBC Capital Markets Real Estate Group, the largest dedicated corporate real estate finance group in Canada. Having joined RBC Capital Markets as an Associate, he went on to become Vice President and then Director before being appointed Managing Director in 2006.

Mr. Adamakakis has sat on several boards of directors, including those of the Fondation St-Clément and the Urban Development Institute (UDI) of Quebec. He is also the Regional Chair of the MIT Educational Council in Montreal. Mr. Adamakakis holds a Master of Science in Real Estate Development from the Massachusetts Institute of Technology (MIT), as well as a Bachelor of Science in Architecture and a Bachelor of Architecture from McGill University.

Promoting healthy, human and sustainable spaces

Life Hub at Daning, Chine

101 Champs Élysées (property of Gecina), Paris, France

For the fourth year in a row, we improved our ranking in the GRESB (The ESG Benchmark for Real Assets) annual survey. Our performance has improved considerably since our first foray into GRESB reporting in 2015. We are now in the top 10th percentile for our category and have been for two years running. The GRESB survey is one of the main tools we use to analyze the environmental, social and governance (ESG) performance of our global portfolio and to identify areas for improvement. We continue to work hard to remain an industry leader in corporate social responsibility.

Our strategic partner in China, Chongbang, a developer, owner and manager of mixed-use projects, ranked in first place for its category in China and earned a Green Star — the GRESB’s highest standard. This marks the third consecutive year that Chongbang has improved its performance in this regard.

In addition, Gecina, France’s leading office real estate group, once again came in first place in the GRESB survey among listed office real estate companies in Europe.

Also worthy of note during the year was a series of environmentally friendly initiatives implemented in Changshu industrial park near Shanghai by LOGOS, which specializes in vertically integrated logistics properties in the Asia-Pacific region. These efforts were honoured with LEED® Gold certification. As a result, LOGOS placed fifth in its category for East Asia in the GRESB rankings.

Taicang Distribution Centre, Taicang, China