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Hudson’s Bay Company Closes Previously Announced Real Estate Joint Venture with Simon Property Group

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TORONTO & NEW YORK--(BUSINESS WIRE)--Hudson’s Bay Company (“HBC”) (TSX:HBC) announced today that it has closed its joint venture with Simon Property Group focused on credit tenant, net-leased and multi-tenanted retail buildings in the United States and internationally. The joint venture will enable HBC and Simon to build on the strength of existing real estate assets and identify new real estate growth opportunities. Unless otherwise indicated, all amounts are expressed in US dollars. At closin

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