| Klépierre S.A. | |
| Type: | Public |
| Traded As: | CAC Next 20 Component |
| Location City: | 26 Boulevard des Capucines, Paris |
| Location Country: | France |
| Industry: | Property |
| Products: | Commercial property |
| Revenue: | €1.32 billion (end 2017) |
| Net Income: | €1.23 billion (end 2017) |
| Assets: | €25.14 billion (end 2017) |
| Equity: | €2.421 billion (end 2014)[1] |
| Owner: | Simon Property Group (22%) |
| Num Employees: | 1,402 (end 2017) |
| Homepage: | 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]
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]