Klépierre

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Klépierre S.A.
Company typeSociété Anonyme
Euronext: 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 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.[citation needed] It has a presence in 16 countries, mostly in Europe, with 1.2 billion visitors to its shopping centres each year.[citation needed] The company focuses on urban centers that are going through rapid demographic change and that are well integrated with local infrastructure.[7]

References

  1. ^ a b "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. 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 strenghtens its position on shopping center property market - Shopping Center Forum". Shopping Center Forum (in Polish). 2015-05-08. Retrieved 2017-01-04.
  7. ^ "Klépierre 2014 Essentials" (PDF).

External links

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