The Government of Quebec has mandated the Caisse de dépôt et placement du Québec (CDPQ) to carry out a feasibility analysis for the conversion of a portion of the former Royal Victoria Hospital site. The aim is to create a world-class university city, and thus consolidate Montreal's status as one of the world's best student cities. The feasibility analysis will be carried out by Ivanhoé Cambridge, CDPQ's real estate subsidiary.