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Alberta & Prairies  + Cross Border News  |  June 3, 2025
Image showing the redeveloped Stonecutter office building in London.
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By: Monte Stewart

Ivanhoé Cambridge, PIMCO Complete London Office Redev

Ivanhoé Cambridge and PIMCO Prime Real Estate have competed an office-building redevelopment project in London.

The Stonecutter, located in the heart of London, comprises a 240,000-square-foot, 93% leased tower standing 13 storeys.

The redevelopment project boosted the building’s lettable, or rentable, area by 66%. Stonecutter was built with one of the lowest embodied carbon inputs in London, according to an Ivanhoé Cambridge news release.

Montreal-based Ivanhoé Cambridge is the real estate arm of the Caisse de dépôt et placement du Québec.

New York-headquartered PIMCO is a leading global real estate investor and manager.

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Inside The Story

Christina ForrestNiki Dembitz

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.
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