Issue 2013 June 10th

This issue was created on 2013-06-10 22:02:00

  • Simon steps in to European designer outlet sectorJune 10, 2013
Simon Property Group Inc, the largest mall owner in the world, agreed to invest €435 million in the largest designer outlet operator in Europe last week. The move to form a joint venture with McArthurGlen Group will provide Simon with an ownership stake in a number of McArthurGlen properties and it will become a partner in the real estate management and development business, the companies said in a statement last week.
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