Klépierre

French investment trust

Klépierre S.A.

Company type	Public
Traded as	Euronext Paris: LI CAC Next 20 Component
Industry	Property
Founded	1990; 34 years ago (1990)
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)
Products	Commercial property
Revenue	€1.32 billion (end 2017)
Net income	€1.23 billion (end 2017)
Total assets	€25.14 billion (end 2017)
Total equity	€2.421 billion (end 2014)^[1]
Owner	Simon Property Group (22%)
Number of employees	1,402 (end 2017)^[1]
Website	www.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 billion euro shopping center portfolio with strategic positions in the Netherlands, France, Italy, Germany, Spain and Turkey.^[6]

Portfolio

Shopping centres

In 2024, the company had more than 70 shopping centres.^[7] It has a presence in more than 10 countries, mostly in Europe, with 1.2 billion visitors to its shopping centres each year.^[8] The company focuses on urban centers that are going through rapid demographic change and that are well integrated with local infrastructure.^[9]

References

^ ^a ^b "Key Figures". Klépierre. Retrieved 17 December 2015.
^ "Klepierre Looks to Buy Out Mall Partners in Expansion". Bloomberg.com. 2014-05-19. Retrieved 2017-01-04.
^ Administrator. "Klepierre - (France LI)". reitinfo.com. Archived from the original on 2022-10-19. Retrieved 2017-01-04.
^ "Simon to Acquire Stake in Klépierre; Buys Out Mills JV Partner". nreionline.com. 8 March 2012. Retrieved 2017-01-04.
^ "Klepierre Offers to Buy Competitor Corio for $5.6 Billion". Bloomberg.com. 2014-07-29. Retrieved 2017-01-04.
^ "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.
^ Mandia, Diana; Mileo, Federica (May 21, 2024). "Big city malls the future for Klepierre in battle with online". Reuters. Retrieved 2024-06-11.
^ Interactive, Konix (2024-04-24). "Konix Collaborates with One Piece in 13 Klépierre Shopping Centers!". KONIX. Retrieved 2024-06-12.
^ "Klépierre 2014 Essentials" (PDF). Archived from the original (PDF) on 2016-03-05.