Westfield, Simon Property and The Rouse Company announce new CEO of Urban Retail Properties Co.

Westfield America Trust, Simon Property Group and The Rouse Company today announced the appointment of Ross B. Glickman as the new Chief Executive Officer of Chicago-based Urban Retail Properties Co., a provider of third party management services to the retail industry.

The appointment will be effective upon the closing by the three companies of the acquisition of Rodamco North America NV (RNA), of which Urban Retail Properties Co. is an affiliate. The transaction is expected to close on May 1, 2002.

On January 13, 2002, the three shopping center owners and RNA announced they had reached an agreement for the purchase of RNA’s real estate assets and related businesses for $5.3 billion, pending final approval by RNA’s shareholders. An Extraordinary General Meeting of RNA’s shareholders was held March 25, at which the shareholders overwhelmingly endorsed the proposal.

For further details please visit www.rodamco-na.com.

(source> Rodamco North America)

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