Ivanhoe Cambridge and Europolis announce their acquisition of the Vremena Goda shopping centre, located in Moscow, Russia. Ivanhoe Cambridge has an interest of 60% and Europolis, an interest of 40% in Vremena Goda, a high-end shopping center that opened its doors in November 2007. This is Ivanhoe Cambridge's first acquisition in this new, promising market, which offers excellent growth prospects for investors.
"This transaction marks a new step in our strategy to grow and diversify our Company. For us, it is also an excellent opportunity to gain a foothold in the Russian market, which is the third most attractive market in the world for retail commerce," declared Ren