Ivanhoe Cambridge, the principal real estate subsidiary of the Caisse de dépôt et placement du Québec, has made a $249.3-million investment in Germany.

It has purchased 92.5% of the Dusseldorf Arcaden shopping centre, which is set to be completed in 2008.

Roughly 100 businesses, service companies, cafes, restaurants and fashion retailers, along with a large supermarket and consumer electronics store are planned for the mall.

This is Ivanhoe Cambridge’s fourth investment in Germany with partner Management für Immobilien.

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