SIHEUNG, South Korea,
April 6, 2017 /PRNewswire/
-- Shinsegae Simon, a joint venture between Shinsegae Group
and Simon Property Group, Inc. (NYSE: SPG) announced today that it
has opened Siheung Premium Outlets, its fourth Premium Outlet
Center in South Korea.
Building on the success of the Yeoju and Paju Premium Outlets
near Seoul and the Busan Premium
Outlets located on the southeastern tip of the Korean Peninsula,
Siheung Premium Outlets will feature 220 domestic and international
brands contained in 452,000 square feet of space.Some of the famous
worldwide stores greeting shoppers include Armani, Coach,
Michael Kors, Hugo Boss, Theory, Jill
Stuart, DKNY, Oilily, Maje, and Sandro. Popular brands such
as Nike, Adidas, Under Armour, and New Balance will also debut at
the center.
Siheung Premium Outlets is built with a Mediterranean
architectural design modeled after a picturesque Spanish village.
It will be an 'oasis' for urban dwellers looking to visit a relaxed
environment.
Siheung Premium Outlets will also feature an impressive dining
area consisting of European-style terrace cafes, and new and trendy
food and beverage options. Leisure and experiential components will
also be part of the mix with a 'Pet Park,' 'Central Garden,' and
'Sky Garden.'
Mark Silvestri COO of Simon Premium Outlets said, "We are
pleased to open our fourth Premium Outlet Center in South Korea where we have enjoyed tremendous
success. This center offers high-quality brands at great savings as
well as contributes to the area's economic vitality."
About Simon
Simon is a global leader in retail real estate ownership,
management and development and an S&P100 company (Simon
Property Group, NYSE:SPG). Our industry-leading retail properties
and investments across North
America, Europe and
Asia provide shopping experiences
for millions of consumers every day and generate billions in annual
retail sales. For more information, visit simon.com.
About Simon Premium Outlets®
The global Simon Premium
Outlets portfolio offers exceptional brands at extraordinary
savings through a diverse mix of luxury, designer and popular
retailers representing the best in fashion, family and home. Our 89
Simon Premium Outlets in the United
States, Puerto Rico,
Canada, Japan, Malaysia, Mexico and South
Korea are some of the most iconic and productive shopping
destinations for residents and travelers including Woodbury Common
(New York City), Orlando, Desert Hills (Palm Springs), Las
Vegas and Wrentham Village Premium Outlets (Boston). For more information visit
premiumoutlets.com or follow Premium Outlets on Facebook, Twitter,
Instagram and Pinterest.
About Shinsegae Simon
Shinsegae Simon is a joint
venture between Shinsegae Group and Simon Property Group, a global
leader in retail real estate. Our four centers in Yeoju,
Paju, Busan, and Siheung are
iconic and productive shopping destinations for residents and
travelers. For more information, visit premiumoutlets.co.kr or
follow Premium Outlets Korea on Facebook and Instagram.
About Shinsegae Group
As the company that introduced
Korea's first department store and hypermarket, Shinsegae Group
revolutionized Korea's retail industry by challenging rather than
adapting to the market. We are creating a new shopping experience
and expanding our retail channels to enhance the overall lives of
our customers through e-commerce, Premium Outlets, duty free shops,
supermarkets and convenience stores and even new business areas
beyond retail such as creating unique brands, food and beverage
concepts, and real estate development.
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SOURCE Simon Property Group, Inc.