The Caisse de Dépôt et Placement du Québec Consolidates its Operating Real Estate Subsidiaries Under One Banner: Ivanhoe Cambridge Group

By The Caisse De Dpt Et Placement Du Qubec, PRNE
Wednesday, April 20, 2011

MONTREAL, April 21, 2011 - As part of its 2009 strategic plan to strengthen its foundations for the
future, the Caisse de dépôt et placement du Québec today announced the
consolidation of its real estate subsidiaries under one banner, Ivanhoe
Cambridge Group. The new group will include its real estate subsidiaries
active in shopping centres (Ivanhoe Cambridge) and the office and residential
sectors (SITQ).

"With this initiative, we continue to streamline our practices to benefit
even more from our clear comparative advantage in real estate: our
operational expertise," said Michael Sabia, President and Chief Executive
Officer of the Caisse. "The real estate sector, which operates in a fiercely
competitive market environment, is currently in a global consolidation phase.
The changes announced today will enable us to fully utilize the expertise of
our teams in their respective market segment to seize growth opportunities
that can provide depositors with the long-term returns they need."

"With over $30 billion in assets in 24 countries, Ivanhoe Cambridge Group
is already one of the world's 10 largest real estate companies. The new
group, which will provide easier access to major transactions and increase
our efficiency, will improve our ability to compete internationally," said
Daniel Fournier, Chairman and Chief Executive Officer of Ivanhoe Cambridge
Group. "The single management structure will also promote knowledge sharing
and collaboration between the operating entities, enhance career
opportunities for our employees and strengthen support functions based on the
best practices of both organizations," he added.

Each subsidiary will continue to operate independently. More
corporate-oriented responsibilities, such as finance, human resources,
governance and strategy, will be shared. "Our goal is to capitalize on our
distinctive strengths to become one of tomorrow's largest real estate
operators," said Mr. Fournier.

Effective today, Ivanhoe Cambridge Group's senior management will include
the following executives:

- Daniel Fournier, Chairman & Chief Executive Officer, Ivanhoe Cambridge

- Kim McInnes, President & Chief Executive Officer, Ivanhoe Cambridge

- William R.C. Tresham, President and Chief Executive Officer, SITQ

- Sylvain Fortier, President and Chief Executive Officer, Ivanhoe
Cambridge Residential


The Caisse de dépôt et placement du Québec is a financial institution
that manages funds primarily for public and private pension and insurance
plans. As at December 31, 2010, it held $151.7 billion in net assets. As one
of Canada's leading institutional fund managers, the Caisse invests in major
financial markets, private equity and real estate. For more information:

    For further information:

    Source and Information :
    Maxime Chagnon
    Senior Director, Media Relations


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