October 1, 2024, Vancouver, BC – Ivan Limpright has been named Chair of both Concert Properties and Concert Infrastructure Fund (CIF), effective October 1, 2024. Former Chair David Podmore, OBC, who co-founded Concert Properties in 1989 and founded CIF in 2010, retired on September 30, 2024 and will remain in an advisory capacity as Chair Emeritus to support Ivan and both Boards.
“I am delighted to see Ivan assume the role of Chair. Having worked closely with him for over a decade, I can attest to his strategic acumen, leadership experience and devotion to fostering meaningful collaboration. He is open to new and innovative ideas and brings to this role a deep understanding of both companies and our commitment to delivering results for our shareholders. I am confident that his enthusiastic, proactive approach will greatly benefit both companies as they continue to grow and evolve,” says David Podmore, OBC.
Ivan’s extensive leadership experience spans over two decades, including significant roles in union leadership, pension fund and trust management, and serving on numerous boards and key committees.
He has been an active Board Director for both Concert Properties and Concert Infrastructure for over a decade, serving as a member of the Executive, Investments, Hiring, Audit and Compensation Committees, and gaining deep insight into both organizations.
At the United Food and Commercial Workers International Union (UFCW) 1518, BC’s largest private sector union, Ivan took on increasingly senior positions, first as Union Representative, Director, Secretary, Treasurer, and then President, a role he held for over 12 years.
He was also Chair of the Board of Trustees for the jointly trusted UFCW 1518 pension plan (with nearly $3 billion in assets), where he successfully guided the plan through challenging economic times and a complicated regulatory environment over his 23-year tenure. He also served as Chair of the UFCW Employee Life and Health Trust for 14 years.
”On behalf of both Boards, I would like to thank David for successfully guiding the growth of both companies while ensuring steady returns to our owners, the 49 union and management pension plans and institutional investors that represent over 200,000 Canadians. Both companies are a success story, a testament to David’s vision and leadership,” says Ivan. “I am deeply honoured to step into this role and continue the remarkable legacy that David has established. I am driven to offer strategic direction that not only fosters sustainable growth but also ensures we have the agility to make sound, flexible investment decisions. At the same time, I remain committed to upholding the core values and founding principles that have guided both companies since their inception.”
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About Concert Properties
Since 1989, Concert Properties has been proudly developing, acquiring and managing real estate across Canada in pursuit of building a people-first future. We develop, own and manage rental apartments and seniors’ active aging communities; develop condominium homes; and develop, acquire and manage industrial and office properties. Today we have grown to over $6.2 billion in assets under control. Owned by union and management pension plans and institutional investors representing over 200,000 Canadians, our vision is to create resilient, inclusive and sustainable communities across Canada. See ConcertProperties.com for more information.
About Concert Infrastructure
Concert Infrastructure was founded in 2010 to partner with governments and invest in, develop and manage critical public infrastructure that strengthens the economic and social fabric of Canadian communities, while providing stable financial returns for our Canadian union and management pension plan shareholders. The company has directly invested in and manages 10 public private partnership (P3) infrastructure projects across three provinces and one territory in Canada, with an aggregate portfolio capitalization of $3.4 billion. See ConcertInfrastructure.com for more information.
Media Contact
John Corry
Director, Corporate Communications
Concert Properties
604.812.1370
JCorry@ConcertProperties.com
Derron Bain
Chief Executive Officer, Concert Infrastructure
647.269.0973
DBain@ConcertInfrastructure.com