Busan Premium Outlets Grand Opens August 29
BUSAN, South Korea, Aug. 29, 2013 /PRNewswire/ Simon, a jointventure between Shinsegae Group and Simon Property Group, Inc. (NYSE: SPG), announced today that it has opened Busan Premium Outlets, its third Premium Outlet Center in South Korea.
Building on the success of the Yeoju and Paju Premium Outlets near Seoul, Busan Premium Outlets is located on the southeastern tip of the Korean Peninsula and features 180 outlet stores offering every day savings of 25% to 65%, with a distinctive architectural design inspired by the Tuscany region of Italy.
The center's designer and name brand stores feature a mix of highend fashion brands including Coach, Ermenegildo Zegna, Isabel Marant, Jill Stuart, Marc Jacobs, Roberto Cavalli and Vivienne Westwood as well as many casual lifestyle, sportswear and home fashion brands including Adidas, Calvin Klein, Coleman, DKNY, Lacoste, Le Creuset, Puma Golf, The North Face and Theory. Shopper amenities include a food court with a beautiful view of the entire center and a safarithemed play area.
"We are pleased to bring another Premium Outlet Center to the Korean Peninsula. Busan Premium Outlets will uniquely serve area residents and visitors, offering highquality brands at great savings in an upscale environment," said John R. Klein, President of Simon's Premium Outlets www.cheapestbootuksaler.co.uk division. "This project also created hundreds of new jobs and brings significant economic development to the area."
Busan Premium Outlets has 343,000 square feet of retail space, and the total investment for the project was US$148 million.
The center is located 21km north of downtown Busan, the second largest city in Korea, and is easily accessible via the Jangan IC and BusanUlsan Expressway. Busan Premium Outlets is just a 30 minute drive from Haeundae Beach Resort, the largest beach resort in Korea, which welcomes 20 million visitors annually.
To celebrate its much anticipated opening, Busan Premium Outlets will host an extended "Grand Opening Celebration" from August 29 to September 19. Nearly 100 stores will participate in the event during which customers will enjoy extra savings, instore promotions, musical performances and a lucky draw event featuring prizes including a BMW Mini [Cooper], designer handbags and shopping sprees.
Simon Property Group, Inc. (NYSE: SPG) is an S 100 company and a global leader in the retail real estate industry. The Company currently owns or has an interest in 327 retail real estate properties in North America and Asia comprising 241 million square feet.
About Premium Outlets Simon's Premium Outlets portfolio features 81 Premium Outlet Centers including 66 in the United States, one in Puerto Rico, nine in Japan, three in South Korea, and one each in Canada, Malaysia and Mexico. Premium Outlets ugg boots sale is a portfolio of outlet shopping centers which brings together the finest brands in unique outdoor settings and offers impressive savings of 25 to 65 percent every day. Each center is a shopping attraction and destination that offers: