IVANHOE CAMBRIDGE SELLS FIVE CANADIAN PROPERTIES

MONTREAL, June 22, 2011 /CNW Telbec/ - Ivanhoe Cambridge, a business unit of Ivanhoe Cambridge Group, the real estate subsidiary of the Caisse de dépôt et placement du Québec, announces that it has concluded the sale of five Canadian properties to Primaris Retail REIT. The properties are: Oakville Place (Oakville, Ontario), Burlington Mall (Burlington, Ontario), Tecumseh Mall (Windsor, Ontario), St. Albert Centre (St. Albert, Alberta) and Place Vertu (Montreal, Quebec).

"This transaction is perfectly aligned with Ivanhoe Cambridge's strategic plan to continuously improve the performance of our portfolio through consolidation and by increasing our focus on our core assets. We are committed, more than ever, to maximizing the quality of our portfolio by investing in key markets and by redeveloping our properties in Canada and abroad," added Kim McInnes, President and CEO of Ivanhoe Cambridge.

About Ivanhoe Cambridge
Ivanhoe Cambridge is a pre-eminent Canadian-based global property owner, manager, developer and investor, focusing on high-quality regional and super-regional shopping centres located in urban areas. As at December 31, 2010, the market value of Ivanhoe Cambridge's assets reached CAD$13.5 billion. Beyond its strong Canada-wide presence, the Company is also active elsewhere in North America, Latin America, Europe and Asia.

Ivanhoe Cambridge is a business unit of Ivanhoe Cambridge Group, one of the ten largest real estate companies in the world. The Group's assets, located in 24 countries, exceeded CAD$30 billion as at December 31, 2010. Ivanhoe Cambridge Group is the real estate subsidiary of the Caisse de dépôt et placement du Québec. For more information: www.ivanhoecambridge.com.


SOURCE IVANHOE CAMBRIDGE

For further information:

Nancy Defoy
Senior Advisor, Communications and Public Affairs, Ivanhoe Cambridge
Ivanhoe Cambridge Group
Tel.: 514-841-7792
ndefoy@ivanhoecambridge.com

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