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Simon Property to redevelop three US malls to focus on luxury shoppers

Landlord REIT also completes $615 million refinancing of large Florida center
A rendering depicts the redeveloped Mall at Green Hills in Nashville. (Simon Property Group)
A rendering depicts the redeveloped Mall at Green Hills in Nashville. (Simon Property Group)

Retail landlord Simon Property Group is spending over $250 million to redevelop three malls to focus on luxury shoppers and has also completed a $615 million refinancing of a large shopping center in Orlando, Florida.

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