Montreal, Quebec - Ivanhoe, the Canadian property management, development and investment firm, recently increased its holdings in Toronto-based Cambridge Shopping Centres Ltd. from 52.5 million common shares to 76.3 million - about 97% of Cambridge's outstanding common shares.

Montreal-based Ivanhoe plans to privatize Cambridge, a leading Canadian shopping center firm, as a wholly owned subsidiary. Ivanhoe's real estate portfolio now consists of 51 shopping centers in Quebec, Ontario and the United States, with total GLA of more than 23 million sq. ft.