U.S. Mall Growth Stagnates, so Simon Property Eyes Asia

Deseret News (Salt Lake City) › July 25, 2004

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Summary

INDIANAPOLIS -- Mel and Herb Simon recently returned from a week of sightseeing in China. But they weren't on a vacation.

The founders and co-chairmen of Simon Property Group led a team of executives to the Asian country to check out the potential to make money by owning malls there. The trip, while only exploratory, points to the growing international focus in Simon's shopping mall empire.

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Extract

U.S. Mall Growth Stagnates, so Simon Property Eyes Asia

Simon, based in Indianapolis, owns the most shopping centers in North America and perhaps the world. It has 245 U.S. properties -- including the Trolley Square mall in Salt Lake C...

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