HBS Global Properties is a real estate joint venture between Hudson’s Bay Company (TSX: HBC) and Simon Property Group (NYSE: SPG).  Established in 2015, our portfolio consists of 83 trophy properties in the United States and Germany featuring three premier retail operators: Saks Fifth Avenue, Lord & Taylor and GALERIA Kaufhof.

HBS’ investment strategy is focused on the acquisition of urban and infill retail and mixed-use assets in the United States and Europe at attractive risk adjusted returns over the long term.  Led by Lee Neibart and Richard Baker, the HBS team has a long track record of successful real estate investment experience. The team’s experience encompasses all aspects of real estate investment and management, including capital markets, financing, development, construction management, asset management and leasing.


global footprint comprised of trophy retail assets




Germany GLA (mm)


Total GLA (mm)


Hudson’s Bay Company is one of the fastest-growing department store retailers in the world, based on its successful formula of driving the performance of high quality stores and their all-channel offerings, unlocking the value of real estate holdings and growing through acquisitions.  Founded in 1670, HBC is the oldest company in North America.  HBC’s efforts to elevate its service experience and shopping environment, both in-store and online, have yielded a positive impact on profit margins and growth. HBC remains committed to continuing to drive the performance and growth of its brands, and recently increased its capital commitment in this effort.

HBC’s portfolio today includes ten banners, in formats ranging from luxury to better department stores to off-price fashion shopping destinations, with more than 460 stores and 66,000 employees around the world.  In North America, HBC’s leading banners include Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH and Gilt, along with Find @ Lord & Taylor and Home Outfitters.  In Europe, its banners include Galeria Kaufhof, the largest department store group in Germany, Belgium’s only department store group Galeria INNO, as well as Sportarena.