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Ivanhoe acquires Montréal Eaton Centre for US$34 million

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Ivanhoe Inc.

On July 4, 2000, Ivanhoe Inc. announced that it had purchased 100% ownership of the Montréal Eaton Centre for approximately $34 million and assumed its management. The Eaton Centre is the highest-performing shopping centre in Québec and is located in downtown Montréal. The transaction subsequently resulted in a major re-development of this key area of the city. Denis Paquin advised Ivanhoe Inc. in this transaction.