Shopping Centers and Simon Property Group and Retail and Real Estate & Retail

Simon adds to its stake in British mall owner

June 8, 2009

Locally based Simon Property Group Inc. has added 18.6 million shares to its stake in the United Kingdom's largest owner of shopping malls, Liberty International Plc.

Simon, the largest U.S. mall owner, now owns 35.4 million shares, or 6.2 percent of Liberty. That company's founder, David Gordon, and his family own about 16 percent of the company after selling additional shares to raise capital in late May.

The world's largest mall owner, Sydneybased Westfield Group, owns 3 percent of Liberty's shares.

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