International Properties
Simon Property Group’s fundamental approach to international investment has been
to partner with established and successful real estate companies with a demonstrated
knowledge of local markets and practices. We believe that the optimum way to create
value in international investments is through the execution of new development projects
and the redevelopment of existing assets. We add significant value to each of our
international ventures with our development, leasing, management and financing expertise.
Simon Property Group’s initial international investment was made in 1998. Today,
we own an interest in 51 European shopping centers in France, Italy and Poland;
eight Premium Outlet Centers in Japan; one Premium Outlet Center in both South Korea
and Mexico; and one shopping center in China.
The Company also has five international development projects under construction:
two in Italy and three in China.