Simon Property Group, SmartCentres and Calloway REIT Break Ground on Premium Outlets™ Montreal

 Simon Property Group, SmartCentres and Calloway REIT Break Ground on Premium
                              Outlets™ Montreal

PR Newswire

MONTREAL, Oct. 2, 2013

MONTREAL, Oct. 2, 2013 /PRNewswire/ --Representatives from Simon Property
Group, Inc. (NYSE:SPG), SmartCentres and Calloway REIT (TSX:CWT.UN)hosted a
ground-breaking ceremony this morning to begin the construction of Premium
Outlets™ Montreal, the second Premium Outlet Center in Canada.

The first phase of Premium Outlets™ Montreal will open in the fall of 2014 and
will feature more than 80 upscale stores within the planned 366,000 square
foot (34,002.5 square metre) centre. Shoppers will be able to buy first
quality and in-season merchandise direct from an impressive collection of
designers and name brand manufacturers offering everyday savings of 25-65
percent.

Premium Outlets™ Montreal will offer a who's who of top designers and brands
including:

Polo Ralph Lauren, Michael Kors, Max Mara*, Aldo, DKNY, Sarah Pachini*,
Rudsak*, Nike, Reebok, Rockport, Fossil, Watch Station, Presse Cafe, Sunglass
Hut, Tommy Hilfiger,Calvin Klein, Crabtree & Evelyn, Lindt Chocolate and many
more.
(*first outlet store in Canada)

Premium Outlets™ Montreal follows the successful opening of Toronto Premium
Outlets™ in August 2013, Simon and Calloway's first outlet centre in Canada.
The Montreal centre will be located in Mirabel, Quebec off Highway 15 at exit
28 on the corner of Chemin Notre-Dame and Boulevard de Versailles. The single
level, village-style development will have a contemporary, sophisticated
design for an upscale shopping atmosphere. While pedestrian courtyards are
outdoors, the centre design includes features that provide year-round shopping
comfort. Premium Outlets™ Montreal will be marketed as a shopping destination
for area and regional residents and a year-round attraction for area visitors
including tour groups.

"We are pleased to partner with SmartCentres and Calloway REIT to bring great
outlet shopping to Montreal," said John R. Klein, President of Simon's Premium
Outlets division. "Premium Outlets™ Montreal will feature an outstanding
collection of many of the finest brands, offering value, quality and variety
all in one convenient location. The project will also create hundreds of new
jobs and contribute significant economic development for this area," he said.

Simon's Premium Outlets^® portfolio features 81 Premium Outlet Centers^®
including 65 in the United States, one in Puerto Rico, nine in Japan, three in
South Korea, and one each in Canada, Malaysia and Mexico. Premium Outlet
Centers in the United States are located primarily in or near major
metropolitan markets such as New York, Los Angeles, Boston and Chicago and
visitor markets such as Orlando, Las Vegas and Palm Springs. Premium Outlets
properties are distinguished by their unparalleled mix of leading designers
and name brands selling direct to consumers at significant savings with each
being an architecturally distinct village setting with charm and ambiance.

ABOUT SIMON PROPERTY GROUP
Simon Property Group, Inc. (NYSE: SPG) is an S&P 100 company and a global
leader in the retail real estate industry. The Company currently owns or has
an interest in more than 325 retail real estate properties in North America
and Asia comprising approximately 241 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
www.simon.com.

ABOUT CALLOWAY
Calloway is one of Canada's largest real estate investment trusts with total
assets of approximately $7 billion. It owns and manages approximately 27
million square feet in 121 value-oriented retail centres having the strongest
national and regional retailers, as well as strong neighbourhood merchants.
Calloway's vision is to provide a value-oriented shopping experience to
Canadian consumers. For more information on Calloway, visit
www.callowayreit.com.

ABOUT SMARTCENTRES
SmartCentres is Canada's largest developer and operator of unenclosed shopping
centres. SmartCentres has developed over 47 million square feet in 200
shopping centres. SmartCentres operates in over 100 communities, including
every major market in Canada, and all 10 provinces. SmartCentres is committed
to the creation of centres designed for the income and lifestyle of all
Canadians. For more information on SmartCentres, visit
http://www.smartcentres.com.

SOURCE Simon Property Group, Inc.

Website: http://www.simon.com
Contact: Anita Walker, Jarrod Cady or Pete Spiller, 289-337-4302,
info@mazumamedia.com