EXHIBIT NO.(a)(5)(S)


[SIMON PROPERTY GROUP LOGO]                                   [WESTFIELD LOGO]

Simon Contact:                                              Westfield Contact:
Shelly Doran                                                       Katy Dickey
Simon Property         George Sard/Paul Caminiti/            Westfield America
  Group, Inc.            Hugh Burns                               310/445-2407
                       Citigate Sard Verbinnen
317/685-7330           212/687-8080


                      85% OF TAUBMAN CENTERS COMMON SHARES
                        TENDERED INTO SPG/WESTFIELD OFFER
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     NEW YORK, February 17, 2003 - Simon Property Group, Inc. (NYSE: SPG) and
Westfield America, Inc., the U.S. subsidiary of Westfield America Trust (ASX:
WFA), today announced that approximately 85% of the outstanding common shares of
Taubman Centers, Inc. (NYSE: TCO), or a total of 44,135,107 of the 52,207,756
common shares outstanding, have been tendered as of February 14, 2003 into the
$20.00 per share all-cash offer by SPG and Westfield.

     The offer has been extended until midnight, New York City time, on March
28, 2003, unless further extended. The offer was previously scheduled to expire
on February 14, 2003.

     David Simon, Chief Executive Officer of SPG, and Peter Lowy, Chief
Executive Officer of Westfield America, Inc., issued the following joint
statement: "We are gratified to have received such an unprecedented and
overwhelming mandate from TCO's public shareholders in support of our $20.00 per
share all-cash offer. The shareholders have sent a powerful message to TCO's
Board of Directors. The TCO Board should now respect the wishes of TCO's public
shareholders, who own 99% of TCO, and take all steps necessary to facilitate the
offer. We again invite the TCO Board to meet with us so that we can quickly
complete this mutually beneficial transaction."

     The complete terms and conditions of the offer are set forth in the Offer
to Purchase, as amended, and the related Letter of Transmittal, copies of which
are on file with the SEC and available by contacting the information agent,
MacKenzie Partners, Inc. at (800) 322-2885. Merrill Lynch & Co. is acting as
financial advisor to SPG and Westfield America, Inc. and is the Dealer Manager
for the Offer. Willkie Farr & Gallagher is acting as legal advisor to SPG and
Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Westfield
America, Inc. Simpson Thacher & Bartlett is acting as legal advisor to Merrill
Lynch & Co.

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About Simon Property Group
Headquartered in Indianapolis, Indiana, Simon Property Group, Inc. is a real
estate investment trust engaged in the ownership and management of
income-producing properties, primarily regional malls and community shopping
centers. Through its subsidiary partnerships, it currently owns or has an
interest in 242 properties containing an aggregate of 183 million square feet of
gross leasable area in 36 states, as well as eight assets in Europe and Canada
and ownership interests in other real estate assets. Additional Simon Property
Group information is available at http://about.simon.com/corpinfo/index.html.

About Westfield America, Inc.
Westfield America, Inc. is a United States subsidiary of Westfield America Trust
(ASX: WFA), the second-largest property trust listed on the Australian Stock
Exchange. WFA owns a majority interest in the Westfield America portfolio of 63
centers, branded as Westfield Shoppingtowns. Westfield Shoppingtowns are home to
more than 8,400 specialty stores and encompass 64 million square feet in the
states of California, Colorado, Connecticut, Florida, Illinois, Indiana,
Maryland, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio and
Washington.

                                      # # #
Important Information
This news release is for informational purposes only and is not an offer to buy
or the solicitation of an offer to sell any TCO shares, and is not a
solicitation of a proxy. Simon Property Group and Simon Property Acquisitions,
Inc., a wholly owned subsidiary of Simon Property Group, filed a tender offer
statement on Schedule TO with the Securities and Exchange Commission on December
5, 2002 (as amended), with respect to the offer to purchase all outstanding
shares of TCO common stock. Investors and security holders are urged to read
this tender offer statement as amended because it contains important
information. Investors and security holders may obtain a free copy of the tender
offer statement and other documents filed by SPG and WFA with the Commission at
the Commission's web site at http://www.sec.gov. The tender offer statement and
any related materials may also be obtained for free by directing such requests
to MacKenzie Partners, Inc. at (800) 322-2885.

Forward-looking statements
This release contains some forward-looking statements as defined by the federal
securities laws which are based on our current expectations and assumptions,
which are subject to a number of risks and uncertainties that could cause actual
results to differ materially from those anticipated, projected or implied. We
undertake no obligation to publicly update any forward-looking statements,
whether as a result of new information, future events or otherwise.

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