Simon And Genting Open Johor Premium Retailers
INDIANAPOLIS, Dec. 2, 2011 /PRNewswire through COMTEX/ —
Simon Property Group, Inc. (NYSE: SPG), the country’s largest owner, developer and supervisor of top of the range retail real property announced at this time that, in 50/50 partnership with Genting Berhad, it has opened Johor Premium Shops, its first Premium Outlet Center® in Southeast Asia. The middle encompasses 173,000 square toes of gross leasable area (GLA) that includes 80 stores and is strategically situated in Johor Bahur, Malaysia. Johor how to tell if a salvatore ferragamo belt is real Premium Shops is close to Senai Airport and less than an hour’s drive from town middle of Singapore and about three hours from Kuala Lumpur. A grand opening celebration will happen on December 11, 2011 to be officiated by the Prime Minister of Malaysia, YAB Dato’ Seri Mohd Najib Bin Tun Hj Abdul Razak.
Johor Premium Retailers introduces the idea of upscale outlet procuring to Southeast Asia. The how to tell if a salvatore ferragamo belt is real collection of merchants highlights worldwide designers and main manufacturers offering on a regular basis savings of 25 to sixty five percent together with Adidas, Armani, Brooks Brothers, Burberry, Canali, Coach, Esprit, Ermenegildo Zegna, Hole, Guess, Lacoste, Michael Kors, Nike, Oroton, Ralph Lauren, Royal Selangor, Salvatore Ferragamo, Swiss Watch Gallery, Timberland, Tommy Hilfiger, Tumi and lots of more.
“We’re very pleased to announce the opening of Johor Premium Retailers,” stated John R. Klein, President of Simon’s Premium Outlets® platform. “The collection of manufacturers and overall purchasing setting will provide an upscale purchasing experience whereas offering significant savings to space residents and visitors. We have welcomed customers from Malaysia and Singapore to a lot of our centers and we are pleased to now have the ability to serve these valued shoppers closer to house. The middle may have excellent synergies with Resorts World Genting in Genting Highlands and Resorts World Sentosa in Singapore.”
The Premium Shops portfolio consists of 70 Premium Outlet Centers together with 57 in the United States, one in Puerto Rico, eight in Japan, two in South Korea, one in Malaysia and one in Mexico. Premium Outlet Centers within the United States are positioned primarily in or near major metropolitan markets resembling New York, Los Angeles, Boston and Chicago and visitor markets similar to Orlando and Palm Springs. Main centers include Woodbury Frequent Premium Retailers, north of new York Metropolis, and Gotemba Premium Outlets, near Tokyo, Japan.
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