Ivanhoé Cambridge is buying a London office property for the equivalent of about C$323.3-million.
The property, known as 3 Minister Court, was built in the 1990s in a historic business district of London.
The Montreal-based real estate company, an arm of the Caisse de dépôt et placement du Québec, says the 170-pound acquisition fits its goal of building a critical mass of high-quality assets in London.
3 Minister Court is part of a multi-building complex developed by The Prudential. The neo-gothic property is leased to London Underwriting Centre.
Ivanhoé Cambridge holds about $42-billion of assets, mainly in Canada, the United States, Europe, Brazil, mexico and Asia.