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April 10, 2012

Indianapolis-based Simon Property Group and Calloway Real Estate Investment Trust, Toronto, announced that they will launch construction on Canada’s first upscale outlet center on April 25.

Toronto -- Indianapolis-based Simon Property Group and Calloway Real Estate Investment Trust, Toronto, announced Tuesday that they will launch construction on Canada’s first upscale outlet center on April 25.

The first phase of the planned 500,000-sq.-ft. center will open in summer 2013.

Toronto Premium Outlets is a 50/50 joint venture between Calloway and Simon, and will feature more than 100 upscale outlet stores.