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Largest Mall Owner to Open 50% of Centers

Largest Mall Owner to Open 50% of CentersThe biggest U.S. mall owner, Simon Property Group, said Monday that it plans to have roughly 50% of its properties reopened again within the next week, as states begin to loosen their lockdown restrictions during the coronavirus pandemic.

It made the announcement as it reported quarterly earnings, where Simon’s quarterly profits fell 20.2% during the first quarter ended March 31.

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