Klépierre
Klépierre S.A. is a French real estate investment trust (REIT) and Europe’s second-biggest publicly traded mall operator.
| Company type | Public |
|---|---|
Traded as | Euronext Paris: LI
CAC Next 20 Component |
| Industry | Property |
| Founded | 1990 |
| Headquarters | 26 Boulevard des Capucines, Paris , France |
Key people |
|
| 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) |
| Owner | Simon Property Group (22%) |
Number of employees | 1,402 (end 2017) |
| Website | www.klepierre.com |
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, 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. 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.