Simon Property Group and Mitsubishi Estate Open Shisui Premium Outlets®

   Simon Property Group and Mitsubishi Estate Open Shisui Premium Outlets®

PR Newswire

INDIANAPOLIS, April 19, 2013

INDIANAPOLIS, April 19, 2013 /PRNewswire/ -- Simon Property Group, Inc. (NYSE:
SPG), the world's leading retail real estate company, announced today that, in
partnership with Mitsubishi Estate Co., Ltd., it has opened Shisui Premium
Outlets^® (Shisui Town, Inba District, Chiba Prefecture), the ninth Premium
Outlet Center® in Japan.

The 234,000 square feet first phase of the project is 100% leased and opened
with 120 stores featuring a mix of international brands, Japanese brands and
restaurants. Eight stores are making their outlet debut in Japan at Shisui
Premium Outlets including Rebecca Minkoff, Marmot, Hanes, Barnyardstorm and
Pierre Marcolini. In addition, Alfredo Bannister and Nike Golf are opening
their first independent stores at Shisui Premium Outlets. American brands
include:Banana Republic, Billabong, Coach and Michael Kors.

Shisui Premium Outlets is located approximately 40 miles from the center of
Tokyo. With the new Shisui Interchange on the Higashikantou Expressway which
opened on April 10, the outlet center is approximately one hour from Tokyo by
car. Shisui Premium Outlets is also located 15 minutes from Narita
International Airport, Japan's largest international hub airport, which
handles approximately 34 million passengers annually. Bus service to the
center is available from Narita International Airport, making access
convenient and appealing to overseas visitors. The dining pavilion design
depicts an airport theme to tie into the important hub nearby, featuring
globes, world clocks and control towers.

"Shisui Premium Outlets is our ninth Premium Outlet Center in Japan," said
John R. Klein, president of Simon's Premium Outlets. "This location is
well-suited to serve Japan's visitor market and complements our other highly
productive area centers. We have created innovative programs and
opportunities to serve the millions of customers we expect to welcome to this
Premium Outlet Center."

Simon's Premium Outlets portfolio features 77 Premium Outlet Centers^®
including 63 in the United States, one in Puerto Rico, nine in Japan, two in
Korea, one in Malaysia and one in Mexico. Its industry-leading properties
include Woodbury Common Premium Outlets (New York City), Orlando Premium
Outlets, Desert Hills Premium Outlets (Palm Springs, California) and Las Vegas
Premium Outlets. Centers in Japan include Gotemba Premium Outlets, Sano
Premium Outlets, Ami Premium Outlets (serving Tokyo), Rinku Premium Outlets
(Osaka), Kobe-Sanda Premium Outlets (Kobe-Osaka), Sendai-Izumi Premium Outlets
(Sendai), Toki Premium Outlets (Nagoya) and Tosu Premium Outlets (Fukuoka).

About Simon Property Group
Simon Property Group, Inc. (NYSE:SPG) is an S&P 100 company and the largest
real estate company in the world. The Company currently owns or has an
interest in 327 retail real estate properties in North America and Asia
comprising 242 million square feet. We are headquartered in Indianapolis,
Indiana and employ approximately 5,500 people in the U.S. For more
information, visit the Simon Property Group website at

About Mitsubishi Estate Co, Ltd
Mitsubishi Estate Company is a leading international property development and
investment company with a substantial commercial and residential portfolio in
Japan, which includes over 30 major buildings in Marunouchi, Tokyo's central
business district, and buildings in New York and London.

SOURCE Simon Property Group, Inc.

Contact: Michele Rothstein, Premium Outlets/Simon, 973.228.6111,
Press spacebar to pause and continue. Press esc to stop.