M&A Deal Summary

Simon Property Group Acquires Chelsea Property Group

On October 14, 2004, Simon Property Group acquired real estate company Chelsea Property Group

Acquisition Highlights
  • This is Simon Property Group’s 1st transaction in the Real Estate sector.
  • This is Simon Property Group’s 1st transaction in the United States.
  • This is Simon Property Group’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2004-10-14
Target Chelsea Property Group
Sector Real Estate
Buyer(s) Simon Property Group
Deal Type Add-on Acquisition
Advisor(s) BofA Securities (Financial)

Target

Chelsea Property Group

Roseland, New Jersey, United States
Chelsea Property Group, Inc., a real estate company.

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Buyer(S) 1

Buyer

Simon Property Group

Indianapolis, Indiana, United States
Category Company
Sector Real Estate
Employees2,500
Revenue 5.7B USD (2023)
DESCRIPTION
Simon Property Group's corporate headquarters in Indianapolis, Indiana.
Simon Property Group's corporate headquarters in Indianapolis, Indiana.

Simon Property Group is a self-managed real estate investment trust (REIT). The Company owns, develops and manages retail real estate properties, which consist primarily of malls, Premium Outlets, The Mills, and community/lifestyle centers. Simon Property Group is based in Indianapolis, Indiana.

DEAL STATS #
Overall 1 of 3
Sector (Real Estate) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (New Jersey) 1 of 1
Country (United States) 1 of 3
Year (2004) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Aeropostale

New York, New York, United States

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old women and men. Aéropostale provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.

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