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The We Company launches new property platform
The We Company has launched a new global acquisition and management platform, in partnership with Caisse de dépôt et placement du Québec real estate subsidiary Ivanhoé Cambridge. The new platform, known as ARK, is being supported by ‘substantial capital’ from Ivanhoé Cambridge, and will initially look to deploy $2.9bn of equity, focusing on acquiring, developing, and managing real estate assets in global gateway cities and high-growth secondary markets on behalf of its co-working and serviced office business, WeWork. The We Company will be the majority owner of ARK and will combine it with its WeWork Property Advisors investment fund, which
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