Type Société Anonyme Revenue €1.3 billion (2016) Number of employees 1,350 | Traded as Euronext: LI Headquarters France Founded 1990 | |
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Key people Jean-Marc Jestin (CEO), Jean-Michel Gault (Deputy CEO, Member of the executive board) Stock price LI (EPA) € 35.28 0.00 (0.00%)15 Mar, 5:35 PM GMT+1 - Disclaimer Subsidiaries Corio, Klémurs S.A., Klépierre Finance SAS | ||
Klépierre 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 is controlled with a 28.9% by Simon Property Group and 21.9% by BNP Paribas and is a member of the CAC Next 20 index of French companies.
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 joined the CAC 40 stock market index of French listed companies in December 2015.
In July 2014, Klépierre offered to buy Dutch competitor Corio NV. 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.
Shopping centres
As of 2014, the company had 178 shopping centres worth €21.4 billion. It has a presence in 13 countries on the European continent 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. Klépierre has become a partner of choice for Europe's leading retailers (including Zara, Mango, Bershka, Stradivarius, H&M, Sephora). It is worth noting that 80% of its shopping centers are located in the most dynamic retail catchment areas, representing a market of more than 80 million consumers.