Klépierre S.A. is a French real estate investment trust (REIT) and Europe’s second-biggest publicly traded mall operator.
It was founded in 1990. It focuses on the ownership, management and development of shopping centers across Continental Europe.
The company’s largest shareholders are
Simon Property Group
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indian ...
, 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 The CAC Next 20 is an index of security prices used with the Euronext Paris or Euronext Amsterdam. It gathers the 20 companies whose market capitalizations are ranked after those of the 40 companies who compose the CAC 40. These 20 are possible ca ...
index of French companies.
In July 2014, Klépierre offered to buy Dutch competitor
Corio. 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.
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.
References
External links
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Real estate companies of France
CAC Next 20
Companies listed on Euronext Paris
Real estate companies established in 1990
Companies based in Paris
Shopping center management firms
1990 establishments in France