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(NYSE: SPG) announced today that it will open a regional office in Hong Kong
next month., Ltd.

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A new movie site
It shows timely scenes of Kansai in action, using various footage of
the region . Expansion of 'Culture' page
Our 'Culture' page, which provides an in-depth look at the unique and
bountiful culture of Kansai, features some other new sections including
"Traditional Performing Arts" and "Japanese Food.75 million visits it saw in 2000.

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"As the demand for
high-quality retail continues to grow worldwide, we want to extend our
leadership position into the most promising markets, many of which are in
Asia.3 million square feet of GLA -- in 30
states , Japan and Mexico., headquartered in Indianapolis, Indiana, is a
real estate investment trust engaged in the ownership, development and
management of retail real estate, primarily regional malls, Premium Outlet(R)
centers and community/lifestyle centers. The Company's current total market
capitalization is approximately $38 billion.

This category is for sites that deal with Japanese society and culture .

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OSAKA, Japan, Kansai Window, which offers visitors
a chance to see the wondrous appeal of Kansai as well as obtain various types
of information on the region, has been redesigned with expanded contents . In its 5th year, it reached
approximately 4-fold the 1. in Business Administration and
Management . We look forward to having people in place,
led by Renee, who can help build on the success we have enjoyed in Japan for
the past six years.

209 westerners

1.

Kansai Window is a comprehensive website that disseminates information on
Kansai.

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Kansai refers to an economic and cultural zone in the heart of Japan. These are "Kansai: The Region Leading the Japanese
Industry and Economy," "Kansai: The Region Full of History and
Culture," "Kansai: The Region with a Rich Natural Environment and
Proactive Environmental Efforts" and "Kansai: The Region Open to the
World.
Of particular note is the large growth in the number of visits to the Chinese
pages (9.kippo. Operating as Simon/Chelsea International Ltd. to develop Premium Outlet
centers in Korea . Prior to joining
Simon, Ms. Please see http://www.

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We have added
a subsection called "Kansai Now. Simon also holds interests in 51
European shopping centers in France, Italy, Poland and Portugal; 5 Premium
Outlet centers in Japan; one Premium Outlet center in Mexico; and one shopping
center in Canada.

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It consists of 9 prefectures, including Osaka and Kyoto." In this subsection , we have provided
timely topics from which visitors can gain a better understanding of
Kansai with a large number of color photographs, tables and graphs on
four basic themes . In fact,
as Kansai's portal site, it is now available in 5 different languages.or.jp
URL: http://www.
Chelsea Property Group, Simon's wholly-owned outlet division, currently
operates five Premium Outlet(R) centers in Japan in partnership with
Mitsubishi Estate Co. and Sojitz Corporation .
Located in the Central district of Hong Kong, the new regional office will
be headed by Renee Ting, Managing Director, a real estate professional with
extensive experience in Hong Kong, Beijing and Shanghai. Ting graduated from
Indiana University in 1978 with a B.

Sites more on Asian culture should be submitted to the Asian Culture category.

Sites in Japanese should be submitted to the appropriate World/Japanese subcategory.

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It provides a concise summary of appealing information and data on the
region's history/culture, tourism, nature, business, events, statistics and
topics.
Kansai Window is utilized throughout the world.30)
Chinese ( Simplified ) 30,410 286,608 (9.

Simon Opens Office in Hong Kong

Ms.simon.

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, a newly formed
subsidiary, the office will be responsible for Simon's retail real estate
activities in east and southeast Asia.

Notable projects in which she
has been involved include Xintiandi, Shui On's landmark historical re-
development in Shanghai; and Pacific Century Place, a 220,000 square meter
mixed-use complex in Beijing (two Class A office towers, two high-end
residential towers and a six-level retail podium )."
"This is an important step in the development of our international
platform," Simon Property Group's CEO David Simon said.

Websites submitted here must be Japan related and in English.

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Revamp of the "What's Kansai?" section. With approximately 7,000 pages, Kansai Window also features over 6 ,000
links, providing you with contents of the highest possible quality.

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INDIANAPOLIS, Simon Property Group, Inc. Ting held various senior positions at leading development
companies, including most recently Shui On Properties Limited and the
development arm of Pacific Century CyberWorks.

209 okayama

Close to half of
these visits are to the foreign language pages (English, Chinese and Korean).67)

Contact: Mr.jp/kippo_e/index.
Simon Property Group, Inc. Additional Simon Property Group information is available at
http://www.

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4-fold for simplified and traditional Chinese,
respectively) since 2001, reflecting the increase in tourists from Asia.asp

Contact:
Norihiko Nakamura
Kansai International Public Relations Promotion Office (KIPPO)
Phone: +81-6-4803-5551
Fax: +81-6-4803-0570
E-mail: nakamura@kippo. The Company's leading properties include Woodbury
Common Premium Outlets, near New York City; Orlando Premium Outlets in
Orlando, Florida; Desert Hills Premium Outlets, near Palm Springs, California;
Gotemba Premium Outlets, near Tokyo; Rinku Premium Outlets, near Osaka; and
three other Japanese centers.

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2 million visits in 2005.4-fold and 13.17)
English 1,160,691 1,510,625 (1. KIPPO is engaged
in a number of information dissemination activities as it issues the KIPPO
NEWS (an English newsletter ), gives press tours to foreign correspondents,
administrates the Kansai portal site on the Web called 'Kansai Window,' holds
forums and seminars, and circulates a number of other Kansai PR publications .cpgi.

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"
Chelsea Property Group is the world's largest owner and operator of
manufacturers' outlet centers with interests in 61 Premium Outlet and other
shopping centers -- containing 17.

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The
overview of the redesign is as follows.com for more
information.

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It registered 7.42)
Chinese ( Traditional ) 72,194 972,812 (13.47)
Korean 193,580 517,313 (2., Ltd.

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"KIPPO NEWS" section added to Chinese and Korean sites
We now have the KIPPO NEWS, which provides full coverage of the latest
news and topics on Kansai every other week, in Chinese and Korean in
addition to the Japanese and English versions to which you all have
become accustomed. Plans are also in the works to continue expanding
the KIPPO NEWS. Nakamura at the Kansai International Public Relations
Promotion Office

Kansai International Public Relations Promotion Office (KIPPO):
KIPPO was originally established in 1994 by governing bodies in Kansai (9
prefectures and 3 major cities) and economic organizations.kippo. Last month, Chelsea
announced a joint venture with Shinsegae Co. Through its subsidiary
partnership, it currently owns or has an interest in 297 properties in the
United States containing an aggregate of 202 million square feet of gross
leasable area in 40 states plus Puerto Rico.

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jp/index_j.

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Kansai's Portal Site 'Kansai Window' Recorded 7.2 Million Hits In 2005 and Is Now Redesigned

"

4.or.or.S.

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the number of hits in a year
2001 2005 (times)
Japanese 1,810,300 3,919,550 (2.

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Address: Osaka International Convention Center 11F, 5-3-51, Nakanoshima ,
Kita-ku, Osaka, 530-0005, JAPAN
TEL: +81-6-4803-5551
FAX: +81-6-4803-0570
URL: http://www.com .

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" We have also updated features, summaries and data in the
subsection, "Introduction of Nine Prefectures."

2. From Chelsea's experience in Japan, we know that there is no substitute
for a local presence and we are excited to be establishing this base of
operations in Hong Kong .

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3.
Kansai Window is jointly operated by the Kansai Council (KC) and Kansai
International Public Relations Promotion Office (KIPPO), both comprised of
Kansai's self-governing bodies and economic organizations.
Leslie Chao, President of Chelsea, said, "From Hong Kong, Simon and
Chelsea will be better positioned to pursue both full-price and outlet
development opportunities in Asia .