Simon completed the acquisition of the remaining 12% interest in Taubman Realty Group in a $1bn deal.

Simon, a real estate investment trust engaged in the ownership of premier shopping, completed the acquisition of the remaining 12% interest in Taubman Realty Group, in a $1bn deal. "We are pleased to finalize this transaction, which will be accretive to Simon. This acquisition aligns with our strategy of owning high-quality assets, unlocking operational synergies and driving further innovation. With full ownership of TRG, we are well-positioned to capitalize on new growth opportunities, increase net operating income and deliver long-term returns to our shareholders," David Simon, Chairman, Chief Executive Officer and President.