Simon® Acquires Swire Properties' Interest in the Open-Air Shopping Center at Brickell City Centre
Simon (NYSE:SPG) has announced the acquisition of Swire Properties' interest in the retail and parking components of Brickell City Centre in Miami. The premier open-air shopping center spans 500,000 square feet within a larger 5-million-square-foot mixed-use development.
The center features over 90 retail stores and 15+ dining and entertainment venues, anchored by Saks Fifth Avenue. Previously holding a 25% non-managing interest, Simon will now fully own and manage the property, which is distinguished by its innovative Climate Ribbon™ canopy system.
Simon (NYSE:SPG) ha annunciato l'acquisizione della partecipazione di Swire Properties nelle componenti retail e parcheggi del Brickell City Centre a Miami. Il principale centro commerciale all'aperto si estende su 500.000 piedi quadrati all'interno di un più ampio sviluppo a uso misto di 5 milioni di piedi quadrati.
Il centro ospita oltre 90 negozi e più di 15 locali tra ristoranti e intrattenimento, con Saks Fifth Avenue come punto di riferimento. In precedenza deteneva una partecipazione non gestionale del 25%, Simon ora possiede e gestisce completamente la proprietà, caratterizzata dal suo innovativo sistema di copertura Climate Ribbon™.
Simon (NYSE:SPG) ha anunciado la adquisición del interés de Swire Properties en los componentes comerciales y de estacionamiento de Brickell City Centre en Miami. El principal centro comercial al aire libre abarca 500,000 pies cuadrados dentro de un desarrollo de uso mixto de 5 millones de pies cuadrados.
El centro cuenta con más de 90 tiendas y más de 15 locales de comida y entretenimiento, con Saks Fifth Avenue como ancla. Anteriormente con un interés no gestor del 25%, Simon ahora posee y administra completamente la propiedad, que se distingue por su innovador sistema de cubierta Climate Ribbon™.
Simon (NYSE:SPG)은 마이애미에 위치한 Brickell City Centre의 소매 및 주차 부문에 대한 Swire Properties의 지분을 인수했다고 발표했습니다. 이 최고급 야외 쇼핑센터는 500,000 평방피트 규모이며, 500만 평방피트의 복합용도 개발 단지 내에 위치해 있습니다.
센터에는 90개 이상의 소매점과 15개 이상의 식사 및 엔터테인먼트 공간이 있으며, Saks Fifth Avenue가 주요 테넌트입니다. 이전에 25%의 비운영 지분을 보유했던 Simon은 이제 이 부동산을 완전 소유 및 관리하며, 혁신적인 Climate Ribbon™ 캐노피 시스템이 특징입니다.
Simon (NYSE:SPG) a annoncé l'acquisition de la participation de Swire Properties dans les composantes commerciales et de stationnement du Brickell City Centre à Miami. Ce centre commercial en plein air de premier plan s'étend sur 500 000 pieds carrés au sein d'un développement à usage mixte plus vaste de 5 millions de pieds carrés.
Le centre comprend plus de 90 boutiques et plus de 15 lieux de restauration et de divertissement, avec Saks Fifth Avenue comme enseigne principale. Détenant auparavant une participation minoritaire de 25% sans gestion, Simon possédera désormais la propriété en totalité et en assurera la gestion, qui se distingue par son système innovant de canopée Climate Ribbon™.
Simon (NYSE:SPG) hat den Erwerb der Beteiligung von Swire Properties an den Einzelhandels- und Parkbereichen des Brickell City Centre in Miami bekanntgegeben. Das erstklassige Einkaufszentrum im Freien erstreckt sich über 500.000 Quadratfuß innerhalb eines größeren, 5 Millionen Quadratfuß umfassenden Mischentwicklungsprojekts.
Das Zentrum verfügt über mehr als 90 Einzelhandelsgeschäfte und über 15 Gastronomie- und Unterhaltungsangebote, mit Saks Fifth Avenue als Hauptanker. Simon hielt zuvor eine 25%ige nicht verwaltende Beteiligung und wird die Immobilie nun vollständig besitzen und verwalten, die durch ihr innovatives Climate Ribbon™-Überdachungssystem hervorsticht.
- Acquisition provides full ownership and management control of a premium Miami retail asset
- Property features 500,000 square feet of high-end retail space in prime Brickell location
- Strong tenant mix including luxury brands and premium retailers like Apple, Chanel, and Saks Fifth Avenue
- Strategic expansion in the growing Miami market
- Significant capital investment required for full ownership acquisition
- Increased exposure to Miami retail market risks
Brickell City Centre is a mixed-use property that has been recognized for its architectural sophistication, spanning approximately five million square feet. This model for integrated urban design features a 500,000-square-foot open-air shopping center, all under its iconic Climate Ribbon™, an innovative canopy that acts as a sunshade, creates airflow, and collects rainwater.
Completed in 2016 and located in the heart of the Brickell district of downtown
Prior to the acquisition, Simon owned a
About Simon
Simon® is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and an S&P 100 company (Simon Property Group, NYSE: SPG). Our properties across
About Swire Properties, Inc.
Swire Properties, Inc., headquartered in
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