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HBS Global Properties Completes Acquisition of 41 GALERIA Properties, valued at €2.6 billion (HBC - ...

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(Source: HBC - Hudson's Bay Company) October 5, 2015 NEW YORK, LOS ANGELES & COLOGNE, Germany, October 5, 2015 - HBS Global Properties, the real estate joint venture between Hudson's Bay Company ('HBC') (TSX: HBC) and Simon Property Group Inc. ('Simon') (NYSE: SPG), is pleased to announce the acquisition of 41 GALERIA Kaufhof properties (the 'Acquisition') in a transaction valued at €2.6 billion (US$3.0 billion)(1)(2). Unless otherwise indicated, all amounts are expressed in US dollars. With the Acquisition, HBS Global Properties now owns an international property...

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