Klépierre

Klépierre S.A. is a French real estate investment trust (REIT) and Europe’s second-biggest publicly traded mall operator.^[2]

Klépierre S.A.

Company type	Public
Traded as	Euronext Paris: LI CAC Next 20 Component
Industry	Property
Founded	1990; 35 years ago (1990)
Headquarters	26 Boulevard des Capucines, Paris , France
Key people	Jean-Marc Jestin (chairman of the executive board) Jean-Michel Gault (deputy CEO, member of the executive board)
Products	Commercial property
Revenue	€1.32 billion (end 2017)
Operating income	427,200,000 euro (2023)
Net income	€1.23 billion (end 2017)
Total assets	€25.14 billion (end 2017)
Total equity	€2.421 billion (end 2014)[1]
Owner	Simon Property Group (22%)
Number of employees	1,402 (end 2017)[1]
Website	www.klepierre.com

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%). 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]