Ivanhoé Cambridge Unveils New Organizational Structure in Europe

Montreal, Quebec (ots/PRNewswire) -

Creation of Ivanhoé Cambridge Europe

Ivanhoé Cambridge announces today that it is regrouping its
activities in France, Spain, United Kingdom and Germany under the
banner "Ivanhoé Cambridge Europe". This reorganization is part of a
business strategy that began in the spring of 2011 with the
consolidation of its subsidiaries, SITQ and Ivanhoe Cambridge.

"The creation of Ivanhoé Cambridge Europe enables us to better
leverage our investment expertise and our operational excellence,
which puts us in an ideal position to maximize investment
opportunities within Europe," said Daniel Fournier, Chairman and
Chief Executive Officer at Ivanhoé Cambridge.

Méka Brunel, Executive Vice President, Europe, will head Ivanhoé
Cambridge Europe and will be supported by the following management
committee:

- Claude Dion, Senior Vice President, Asset Management,
Europe, will oversee asset management within the office and shopping
centre portfolio by January 2012.

- Michel Cyr, Senior Vice President, Development, Europe will
oversee all retail and office development activities by January 2012.

- Arnaud Malbos, Vice President, Investments, Europe will be
responsible for investments within the office and shopping centre
portfolio

- Grégoire Peureux, Vice President, Finance, Europe will be
responsible for all activities related to finance.

- Frédéric Vern, Director, Legal Affairs, Europe will be
responsible for all matters pertaining to legal affairs.

"This regrouping makes us a major real estate player in Europe,"
noted Méka Brunel, Executive Vice President, Europe. With over 80
employees, Ivanhoé Cambridge Europe owns a portfolio of 14 properties
totalling 384,000 square metres (4.1 million square feet) of office
space and 7 shopping centres. Its assets reached EUR4,858 million
(CDN$6.475 million) as at December 31, 2010. " I am particularly
proud of our team. The depth of our combined expertise speaks to our
commitment to the European market," she added.

About Ivanhoé Cambridge

Ivanhoé Cambridge, one of the world's 10 largest real estate
companies, is a prominent Canadian-based real estate owner, manager,
developer and investor with a portfolio covering three sectors:
shopping centres, office and multi-residential buildings. As at
December 31, 2010, the Group's assets totalled more than CAD$30
billion and were present in 24 countries around the world.
Headquartered in Montréal, Québec, Ivanhoé Cambridge is the real
estate subsidiary of the Caisse de dépôt et placement du Québec, one
of Canada's leading institutional fund managers. For more
information, visit http://www.ivanhoecambridge.com.

For more information, please contact:

François Gaboury
Director, Public Relations, Ivanhoé Cambridge
francois.gaboury@ivanhoecambridge.com
Tel.: +1-514-847-4171
Cell.: +1-514-467-1787

ots Originaltext: Ivanhoé Cambridge
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