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]
