CityOn.Zhengzhou shopping center: Taubman Asia announces its second China project to open in March 16, 2017

CityOn.Zhengzhou to bring a fresh, contemporary shopping experience to Central China

Zhengzhou, 2016-Nov-02 — /EPR Retail News/ —Taubman Asia, a subsidiary of Taubman Centers, Inc. (NYSE: TCO) and Wangfujing Group Co., Ltd (Shanghai Stock Exchange: 600859), today announced a strong collection of contemporary retailers set to open at CityOn.Zhengzhou in Henan province, Central China.

When it opens in March 16, 2017, CityOn.Zhengzhou will be 100 percent leased and 90 percent occupied with nearly 200 stores and restaurants. Located in the heart of Zhengdong New District, the six-level, 94,000 square meter (approximately one million square feet) shopping and dining destination will offer a curated mix of domestic, international and lifestyle brands from fast fashion to accessible luxury anchored by a four-level Wangfujing department store.

“We are thrilled to see our second China project coming to life in Zhengzhou,” said René Tremblay, president of Taubman Asia. “This project will contribute value to all Taubman shareholders as the Company realizes the value of its investment in Asia over the past several years. We ar e proud to unveil this unprecedented lineup of stores and restaurants.”

Food lovers will be delighted by the variety of local, regional and international cuisine at all price points and in both seated restaurants and quick serve formats. The center will also include several family-friendly experiential, educational and entertainment offerings.

“CityOn.Zhengzhou will offer a stellar collection of the world’s most in-demand brands, many making their Central China debut at our center,” said Paul Wright, group vice president, leasing for Taubman Asia. “We are committed to creating an exceptional shopping, dining and entertainment experience for our shoppers in China and at all of our properties.”

“We are glad to be working with Taubman to bring to the local community a modern and contemporary shopping experience at the iconic CityOn.Zhengzhou. Meanwhile, we are bringing a significant investment, job opportunities, economic activities and a neighborhood-friendly project to Zhengdong New District,” said Yi Liu, chairman of Wangfujing Group Co., Ltd.

CityOn.Zhengzhou stores and restaurants include:

Retail

7m ADIDAS NEO
adidas adidas originals
AIKE Miniso
AJIDOU MISHKA
aojo/Mujosh MLB/Dickies
BASIC HOUSE MO&CO.
Bershka Mobi Garden
Candie’s MOUSSY / SLY
CASSILE NIKE
CAT NIKE360
CHARLES & KEITH ochirly
Chow Sang Sang olens
Columbia one after another NICE CLAUP
CONLIA original color edition
converse ONLY
COZY STEPS Oysho
ECCO PANDORA
Ed hardy Skinwear Polo
EDENUS Pote/Vougeek
FIVE PLUS Puella
Forever 21 RE Classified
H&M Red naturalfashion
HOLLAND & BARRETT Sand&Foam
I Do SELECTED
innisfree Sephora
In’s SKECHERS
JACK & JONES Stradivarius
JESSIE & JANE THE NORTH FACE
JWELL TRENDIANO
KIKC tutuanna
kipling UlifeStyle
La Babité UNIQLO
La Chapelle UR
Lee VANS
Levi’s VERO MODA
LOHO VERO MODA nordic by nature
LIRSTE Wan Zhi Hui Biao Hang
LuDao store (member) Wangfujing Department Stores
MANGO WESTLINK
MARC ECKŌ XXXTRENTA
Massimo Dutti ZARA
MIKIBANA ZARA Home

 

F&B/Entertainment/Kids/Lifestyle/Electronics

56°cake Aza Aza!
Acasia food village (featuring 14 food
vendors)
Beijiaoxiuweigangshichacanting
Benfu Sushi
Alienware Bi Ku Li Kao Quan Yu
BOAT NOODLE meizu
BP101 MM by Haircode
breo Mr. Wish
chatime MYLK
Chez Choux Naughtykids
chicken container new york fries
Chun Chuan Li Tie Ban Ji NIKE YOUNG ATHLETES
Coco OKAIDI
Dolar Shop OSCAR CITYON CINEMA
Dr.kong Pang Ge Lia Rou Xie Bao
ELLRICKY PAPABUBBLE
for’you bakery PETER’S MEADOW
FROZENYO PIZZA ZONE
Fu Rong Xiang Cheng Du Ming Xiao Chi RBIKE
G-Super-GREENLAND DIRECT Shen Quan Men Guan
GLOBAL GOODS Shi Fen You Hui
GB kids station SIMMER HUANG / HUILAUSHAN
GONG CHA SIWUKE TEA
Good Baby So We New
GRANDMA’S KITCHEN STARBUCKS COFFEE
Guoguo Mutton Soup Restaurant Strawberry Forever
Guxiang No.9 Catering SUBWAY
GYMBOREE TANYU
Hallmark Babies TEPPANYAKI XIANG
Homao TOOT SCIENCE
Hong Mao Zhai UDON&TEMPURA
Hua Qian Dai Uncle
HUAWEI Wan Quan Bu Tong
iSpace Xiang Tian Xia Huo Guo
KENGEE Xiao Liu Jia
La Chapelle Kids Xiao Zhu Zhu Kao Rou
Lenovo Xue Mi Da
Letv Yang Xiang Dou Pi Shuan Niu Du
Liang Cheng Ji A San Sheng Jian YuYuTo
Little One ZBX fresh fish hot pot
Love Eyelash Zheng Shi Yi
MagicSalad ZOO STEAK
MaiChiLing

Final list of tenants subject to change and final confirmation.

For more information about CityOn.Zhengzhou, visit www.cityoncenter.com.

About CityOn.Zhengzhou

From fast fashion to accessible luxury, complimented by a unique collection of domestic and international designer and lifestyle brands, the retail line-up at CityOn.Zhengzhou is destined to meet the diverse needs of consumers in the region. CityOn.Zhengzhou will also delight food lovers by offering a wide selection of local, regional and international cuisine, across all price-points and in both seated restaurants and quick service formats. CityOn.Zhengzhou will offer families a number of kid-friendly experiential, educational and entertainment offerings.

About Taubman Asia

Taubman Asia is a subsidiary of U.S. Mall operator Taubman Centers – a leader in the shopping center industry. Taubman Asia is the platform for Taubman Centers’ expansion into China and South Korea and focuses on owning, managing, and/or leasing high-quality and sustainable retail real estate projects in Asia that leverage Taubman’s strong retail planning design and operational capabilities. For more information about Taubman Asia, visit www.taubmanasia.com.

About Taubman

Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubmanal U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

About Wangfujing Group Co., Ltd

Founded in 1955 at China’s busiest commercial street in Beijing, Wangfujing Group Co., Ltd has enjoyed a history of over 60 years.

Over the last 60 years as China transformed to a market-oriented economy, Wangfujing Group Co., Ltd has enjoyed a reputation at home and abroad as evolving from the first store of new China to the top department store in China, leading the retail industry development. Never having deviated from its original mission, the group continues to be recognized as the industry leader, committed to transforming its traditional department store business into a modern retail group.

The group’s current sales network spans seven major economic zones in China, operating 46 large-scale retail stores in 28 cities, covering various retail formats including department stores, shopping malls and outlets business formats. The group offers an operating area of approximately 2 million square meters.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

CONTACTS:

Taubman Asia
Margaret Tse
Director,
Public Relations & Marketing (China)
+86 21 6288 1662 * 6688
mxie@taubman.com

Zoe Zhang
Manager,
Public Relations & Marketing (China)
+86 21 6288 1662 * 6797
zzhang@taubman.com

FTI Consulting Strategic Communications
Marie Peterson
+86 21 2315 1131
marie.peterson@fticonsulting.com

Dee Wang
+86 21 2315 1138
dee.wang@fticonsulting.com

Taubman (U.S.)
Maria Mainville
Director, Strategic Communications
+1 248.258.7469
mmainville@taubman.com

Ryan Hurren
Director, Investor Relations
+1 248.258.7232
rhurren@taubman.com

Source: Taubman Centers

Peter J. Sharp will assume the position of President, Taubman Asia

Peter J. Sharp will assume the position of President, Taubman Asia
Peter J. Sharp will assume the position of President, Taubman Asia

 

BLOOMFIELD HILLS, Mich, 2016-Sep-13 — /EPR Retail News/ — Taubman Centers, Inc. (NYSE: TCO) has announced that Peter J. Sharp will assume the position of president, Taubman Asia, as current president René Tremblay transitions to chairman of Taubman Asia effective January 1, 2017. In his role, Sharp will report to Taubman Centers, Inc. Chairman, President and CEO Robert S. Taubman and will be responsible for the company’s operations and growth strategy in the Asia-Pacific region.

Sharp, a 20-year veteran of Walmart International, is leaving his post as president of Walmart Asia Realty where he oversees the company’s Asia real estate portfolio, mall developments and has been responsible for all aspects of business planning, real estate, realty partnerships and mergers and acquisitions. He has led the company’s expansion in China and entry into India, Japan and South Korea.

“Asia is an important growth vehicle for Taubman and our future success in the region will rely greatly upon Peter’s expertise and leadership,” said Taubman. “We are delighted to welcome him to the executive team next year.”

Tremblay joined Taubman in 2010 as president of Taubman Asia. He is responsible for the company’s expansions in the region that include the ground-up development properties in China, City On.Xi’an (opened April 2016) and City On .Zhengzhou (opening March 2017), and Starfield Hanam in South Korea (opened Sept 9, 2016). He also led Taubman’s third party management and leasing efforts behind The Boulevard at Studio City in Macau and IFC Mall in South Korea.

“René is a tremendous, highly respected leader who has expertly guided us through our entry into the Asian market,” said Taubman. “He has built an outstanding platform for our future growth in the region and we thank him for his numerous accomplishments as he assumes this new role.”

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. Forward-looking statements can be identified by words such as “will”, “may”, “could”, “expect”, “anticipate”, “believes”, “intends”, “should”, “plans”, “estimates”, “approximate”, “guidance” and similar expressions in this press release that predict or indicate future events and trends and that do not report historical matters. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks, uncertainties and other factors. Such factors include, but are not limited to: changes in market rental rates; unscheduled closings or bankruptcies of tenants; relationships with anchor tenants; trends in the retail industry; the liquidity of real estate investments; the company’s ability to comply with debt covenants; the availability and terms of financings; changes in market rates of interest and foreign exchange rates for foreign currencies; changes in value of investments in foreign entities; the ability to hedge interest rate and currency risk; risks related to acquiring, developing, expanding, leasing and managing properties; changes in value of investments in foreign entities; risks related to joint venture properties; insurance costs and coverage; security breaches that could impact the company’s information technology, infrastructure or personal data; the loss of key management personnel; terrorist activities; maintaining the company’s status as a real estate investment trust; changes in the laws of states, localities, and foreign jurisdictions that may increase taxes on the company’s operations; and changes in global, national, regional and/or local economic and geopolitical climates. You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:
Maria Mainville
Taubman, Director, Communications
1-248-258-7469
mmainville@taubman.com

Ryan Hurren
Taubman, Director, Investor Relations
1-248-258-7232
rhurren@taubman.com

Source: Taubman Centers, Inc.

###

Taubman Asia and Shinsegae Group opens Starfield Hanam shopping center in Hanam, Gyeonggi Province, South Korea

SEOUL, South Korea, 2016-Sep-10 — /EPR Retail News/ —  Excited crowds gathered for the grand opening of Starfield Hanam shopping center today (09/09/2016) in Hanam, Gyeonggi Province, South Korea. Developed by Taubman Asia and Shinsegae Group, the center was opened after a ceremonial ribbon cutting featuring Taubman Centers, Inc. Chairman, President and CEO Robert S. Taubman, René Tremblay, president Taubman Asia, Yong-Jin Chung, group vice chairman of Shinsegae Group, Jing-Soo Lee, deputy mayor of Hanam, Hyun-Jae Lee, National Assembly member and other special guests.

Starfield Hanam is nearly 100 percent leased and occupied with almost 300 stores and restaurants. The 1.7 million square foot center is anchored by Korea’s number one department store brand, Shinsegae, and offers everything from fast fashion to luxury items through a unique collection of domestic and international retailers, as well as an incredible variety of dining and entertainment destinations.

“Starfield Hanam is Taubman Asia’s first ground-up development in South Korea and we could not be more thrilled with this center,” said Taubman. “Together with our partner Shinsegae, we have created an unparalleled destination that has exceeded all expectations.”

“South Korea’s first ‘shopping theme park’ is a new business model for the country, integrating the brick and mortar shopping experience with E-Mart distribution,” said Yong-Jin Chung, vice chairman of Shinsegae Group. “We carefully curated the selection of stores and services to benefit our customers and satisfy their diverse needs.”

Shopping, Dining and Entertainment

Starfield Hanam’s collection of international luxury brands includes Balenciaga, Burberry, Bvlgari, Fendi, Ferragamo, Gucci, Louis Vuitton, Miu Miu, Prada, Saint Laurent and many more. Fast fashion favorites are also well-represented including Cos, H&M, Massimo Dutti, Oysho, Uniqlo and Zara to name a few.

With 110,000 square feet of dining options, there is something for every palette. Gourmet Street, on the ground level, has 17 restaurants and cafes while the Eatopia food court offers more casual fare with 18 kiosks specializing in well-known local artisan eats. The food court features indoor/outdoor seating with views of the Han River and Gumdan Mountain. A sampling of the restaurants that opened today include Devil’s Door, Everest, Hanwoori, Phoenix Yumcha, Pyeongyang Myeon-Ok and Vecchia e Nuovo.

Starfield Hanam also offers showrooms by BMW, Genesis, Hyundai and Harley Davidson. Tesla will be opening soon.

Another key component of the overall Starfield Hanam experience is entertainment. The eleven-screen Megabox cinema, a Sports Monster sportsplex offering everything from rock climbing to basketball and a 112,000 square foot Aquafield indoor/outdoor water park provides fun-filled experiences when shopping is complete.

For more information about Starfield Hanam, please visit www.taubman.com or the center’s website at www.starfield.co.kr.

About Starfield Hanam
Starfield Hanam, located in scenic Hanam, South Korea just east of Seoul, is the largest western-style shopping center in the country at nearly 1.7 million square feet. Anchored by Shinsegae department store, the center offers approximately 300 stores, restaurants, and a variety of sports and entertainment venues. Conveniently connected to the Misa road, which is linked to the Greater Seoul freeway network, Starfield offers approximately 6,200 parking spaces and access to bus transportation routes.

About Taubman Asia
Taubman Asia is a subsidiary of U.S. Mall operator Taubman Centers, Inc. (NYSE: TCO) – a leader in the shopping center industry. Taubman Asia is the platform for Taubman Centers’ expansion into China and South Korea and focuses on owning, managing, and/or leasing high-quality and sustainable retail real estate projects inAsia that leverage Taubman’s strong retail planning design and operational capabilities. The company opened CityOn.Xi’an (Xi’an, China) and Starfield Hanam (Hanam, South Korea) in 2016 and will open CityOn.Zhenzghou (Zhengzhou, China) in 2017. For more information about Taubman Asia, visit taubmanasia.com.

About Shinsegae Group
Shinsegae Group is a retail company group with 33 subsidiary companies and has recorded sales of KRW 20 trillion and the total asset amount of KRW 29 trillion in 2015. Shinsegae Group has been leading the new trends in Korean retail with the first department store, the first discount retailer and the first premium outlet in South Korea. Shinsegae Group has two big businesses, Shinsegae department store and E-mart. Shinsegae department store operates 11 stores and E-mart operates 157 stores in South Korea and 10 stores in China,Vietnam and Mongolia, following the first store in 1993 (as of August 2016).

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.

Contact:

Ryan Hurren
Taubman, Director, Investor Relations
248-258-7232
rhurren@taubman.com

Maria Mainville
Taubman, Director, Strategic Communications
248-258-7469,
mmainville@taubman.com

Moonjin Park
Senior Marketing Manager, Marketing
82-2-6137-5016 (South Korea),
mpark@taubman.com

Source: Taubman Centers, Inc.

Taubman Asia and Wangfujing Group Co., Ltd unveil line-up of contemporary retailers that will open at CityOn.Xi’an

CityOn.Xi’an to Bring Modern, Elevated Shopping Experience to Northwest China

HONG KONG, 2016-Mar-02 — /EPR Retail News/ — Taubman Asia, a subsidiary of Taubman Centers, Inc. (NYSE: TCO) and Wangfujing Group Co., Ltd (Shanghai Stock Exchange: 600859), today unveiled a distinguished line-up of contemporary retailers that will open at their jointly developed CityOn.Xi’an project in Northwest China.

“We have taken a disciplined approach to growth in Asia and are thrilled to see our first China project come to life in CityOn.Xi’an,” said Rene Tremblay, president of Taubman Asia.

Opening April 28, 2016, the seven-level, 90,000 square meter (approximately 1 million square feet) shopping center, anchored by a Wangfujing Department Store, is located in the heart of Xi’an’s new central business district and administrative center. CityOn.Xi’an reflects a unique mix of domestic and international designer and lifestyle brands from fast fashion to accessible luxury, creating a shopping experience that is sure to satisfy the diverse tastes of people across the region.

CityOn.Xi’an will also delight food lovers by offering a wide selection of local, regional and international cuisine, across all price-points and in both seated restaurants and quick service formats. CityOn.Xi’an will offer families a number of kid-friendly experiential, educational and entertainment offerings.

“There has been excellent tenant demand and we expect to be well over 90 percent leased at opening. The stellar line up of brands shows great confidence in CityOn.Xi’an, and we are committed to working with our retailers to create an exceptional shopping, dining and entertainment experience for customers,” said Mr. Paul Wright, group vice president of leasing for Taubman Asia.

Ms. Bing Liu, chairwoman of Wangfujing Group Co., added, “CityOn.Xi’an will be more than just a shopping center, as its excellent line-up of tenants will make it a place of quality and charm where people will come together to shop, work, play and relax.”

List of CityOn.Xi’an Tenants by category*:

Retail

Bershka

BJIL MODA

Candies

COACH

Forever 21

GAP

H&M

I DO

INXX

La Babite

La Chapelle Group

Ludao Ordinary Life

Massimo Dutti

Me&City

Monki

MUJI

Nordic by Nature VERO MODA

P+

Semir

Stradivarius

UR

Westlink

YISHION Classic

ZARA

ZARA HOME

 

F&B/Entertainment/Kids/Lifestyle

Balabala

Cartoony World

Cousin Restaurant

GYMBOREE

Holiland

Impression of MaWei

KIDS WORLD

Kidsmoment

Ma La Kuai Le Ying

MusangKing

Nobleman Training Club

Open Life

Open Oven

Oscar International Cinemas

Pacific Coffee

PGL

Quan Zi. Jessie Wa. Brunch&Coffee

Romp n’Roll

RONG LI JI

Skyland Food Court

Starbucks

TANYU

Xi He Ya Yuan Peking Duck

Xu Ji Seafood

*Final list of tenants subject to change and final confirmation.

More information about CityOn.Xi’an and its experiential offerings can be found online at www.cityoncenter.com.

[Ends]

About CityOn.Xi’an
From fast fashion to accessible luxury, complimented by a unique collection of domestic and international designer and lifestyle brands, the retail line-up at CityOn.Xi’an is destined to meet the diverse needs of consumers in the region. CityOn.Xi’an will also delight food lovers by offering a wide selection of local, regional and international cuisine, across all price-points and in both seated restaurants and quick service formats. CityOn.Xi’an will offer families a number of kid-friendly experiential, educational and entertainment offerings.

About Taubman Asia
Taubman Asia is a subsidiary of U.S. Mall operator Taubman Centers – a leader in the shopping center industry. Taubman Asia is the platform for Taubman Centers’ expansion into China and South Korea and focuses on owning, managing, and/or leasing high-quality and sustainable retail real estate projects in Asia that leverage Taubman’s strong retail planning design and operational capabilities. For more information about Taubman Asia, visit www.taubmanasia.com.

About Taubman
Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 23 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S. regional mall industry. Taubman is currently developing four properties in the U.S. and Asia totaling 4.1 million square feet. Founded in 1950, Taubman is headquartered in Bloomfield Hills, Mich. Taubman Asia, founded in 2005, is headquartered in Hong Kong. www.taubman.com. 

About Wangfujing Group Co., Ltd
Founded in 1955 at China’s busiest commercial street in Beijing, Wangfujing Group Co., Ltd has enjoyed a history of over 60 years.

Over the last 60 years as China transformed to a market-oriented economy, Wangfujing Group Co., Ltd has enjoyed a reputation at home and abroad as evolving from the first store of new China to the top department store in China, leading the retail industry development. Never having deviated from its original mission, the group continues to be recognized as the industry leader, committed to transforming its traditional department store business into a modern retail group.

The group’s current sales network spans seven major economic zones in China, operating 46 large-scale retail stores in 28 cities, covering various retail formats including department stores, shopping malls and outlets business formats. The group offers an operating area of approximately 2 million square meters.

For ease of use, references in this press release to “Taubman Centers,” “company,” “Taubman” or an operating platform mean Taubman Centers, Inc. and/or one or more of a number of separate, affiliated entities. Business is actually conducted by an affiliated entity rather than Taubman Centers, Inc. itself or the named operating platform.

This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect management’s current views with respect to future events and financial performance. The forward-looking statements included in this release are made as of the date hereof. Except as required by law, we assume no obligation to update these forward-looking statements, even if new information becomes available in the future. Actual results may differ materially from those expected because of various risks and uncertainties.  You should review the company’s filings with the Securities and Exchange Commission, including “Risk Factors” in its most recent Annual Report on Form 10-K and subsequent quarterly reports, for a discussion of such risks and uncertainties.