Klépierre S.A.
TypeSociété Anonyme
Euronext Paris: LI
CAC Next 20 Component
IndustryProperty
Founded1990
Headquarters
26 Boulevard des Capucines, Paris
,
France
Key people
Jean-Marc Jestin (Chairman of the Executive Board), Jean-Michel Gault (Deputy CEO, Member of the executive board)
ProductsCommercial property
Revenue€1.32 billion (end 2017)
€1.23 billion (end 2017)
Total assets€25.14 billion (end 2017)
Total equity€2.421 billion (end 2014)[1]
Number of employees
1,402 (end 2017)[1]
Websitewww.klepierre.com

Klépierre S.A. is a French real estate investment trust (REIT) and Europe’s second-biggest publicly traded mall operator.[2]

It was founded in 1990.[3] It focuses on the ownership, management and development of shopping centers across Continental Europe.[4]

The company’s largest shareholders are Simon Property Group, which owns 20.3% of the shares, and APG (13.1%), a Netherlands-based pension fund. Klepierre shares are listed on Euronext Paris and is a member of the CAC Next 20 index of French companies.

In July 2014, Klépierre offered to buy Dutch competitor Corio.[5] The deal was completed on March 31, 2015. Through this transaction Klépierre acquired a 7.0 billion euro shopping center portfolio with strategic positions in the Netherlands, France, Italy, Germany, Spain and Turkey.[6]

Portfolio

Shopping centres

In 2017, the company had 150 shopping centres worth €23.8 billion. It has a presence in 16 countries, mostly in Europe, with 1.2 billion visitors to its shopping centres each year. The company focuses on urban centers that are going through rapid demographic change and that are well integrated with local infrastructure.[7]

References

  1. 1 2 "Key Figures". Klépierre. Retrieved 17 December 2015.
  2. ↑ "Klepierre Looks to Buy Out Mall Partners in Expansion". Bloomberg.com. 2014-05-19. Retrieved 2017-01-04.
  3. ↑ Administrator. "Klepierre - (France LI)". reitinfo.com. Archived from the original on 2022-10-19. Retrieved 2017-01-04.
  4. ↑ "Simon to Acquire Stake in Klépierre; Buys Out Mills JV Partner". nreionline.com. 8 March 2012. Retrieved 2017-01-04.
  5. ↑ "Klepierre Offers to Buy Competitor Corio for $5.6 Billion". Bloomberg.com. 2014-07-29. Retrieved 2017-01-04.
  6. ↑ "Klépierre Group strengthens its position on shopping center property market - Shopping Center Forum". Shopping Center Forum (in Polish). 2015-05-08. Archived from the original on 2017-07-30. Retrieved 2017-01-04.
  7. ↑ "Klépierre 2014 Essentials" (PDF). Archived from the original (PDF) on 2016-03-05.
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