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Contributors

Pierre-Etienne Alline

Directeur groupe de l'exploitation des centres commerciaux

Thomas Aquizerate

Head of New Business and Services

Olivia Benoit

PR, Crisis & Special Projects Manager

Tanguy Berthelé

Directeur commercial France & Belgique

Louis Bonelli

Directeur général France et Belgique

Pierre-Etienne Alline

Directeur groupe de l'exploitation des centres commerciaux

Thomas Aquizerate

Head of New Business and Services

Olivia Benoit

PR, Crisis & Special Projects Manager

Tanguy Berthelé

Directeur commercial France & Belgique

Louis Bonelli

Directeur général France et Belgique

Anne-Catherine Bueb

Directrice régionale région Centre Nord

Anna Candotto

Head of Finance, France, Belgium

Marie Caniac

Directrice des opérations - Membre du comité exécutif

Antoine d'Halloy

Portfolio Management

Guy de Villenaut

Group Head of Financing and Treasury

Bernard Deslandes

Development Director

Cyrille Deslandes

Directeur général Klépierre Pays-Bas, Allemagne et Turquie

Anaïs Dubéchot

Leasing officer

Mathilde Dujardin

Directrice des ressources humaines France & Belgique

Julie Duvivier

Directrice juridique France et Belgique

Florence Feldmann

Directrice de l’exploitation France Belgique

Magali Fernandes

Directrice juridique groupe - Membre de la Corporate Management Team

Jean-Michel Gault

Senior Advisor

Julien Goubault

Secrétaire général du groupe

Fanny Guenzi

Head of Asset Management

Pierre Hubert

Directeur de programmes immobiliers

Jean-Marc Jestin

Président du directoire

Salma Kharchafi

Directrice marketing France & Belgique

Magalie Lassal

Leasing Officer

Gilles Latini

Directeur régional du développement Sud -Est

Daniela Lauret

Chief Development Officer

Paul Logerot

Group Head of Investor Relations and Financial Communication

Thomas Lourenço

Chief Operating Officer

Shannon Magne

Négociatrice commerciale Specialty Leasing

Dusan Milutinovic

Directeur d'exploitation des centres commerciaux pour la France

Philippe Moing

Directeur études et CDAC

Tiphaine Olivier

Management Director France, région Nord et Belgique

Clémentine Pacitti

Group Head of CSR

Cécile Presta

Directrice groupe des ressources humaines - Membre de la Corporate Management Team

Christophe Remillieux

Directeur fiscal du groupe

Jacques Salanié

Head of Finance France Belgium

Hélène Salmon

Group Head of Corporate and Internal Communications

David Simon

Président du conseil de surveillance

Catherine Simoni

Membre indépendant du Conseil de surveillance

Lothar Stroer

Director International Development

Arnaud Tescari

Directeur des achats, de l’ingénierie immobilière et du développement durable France & Belgique

Stéphane Tortajada

Directeur financier - Membre du directoire

Bruno Valentin

Directeur financier adjoint - Membre du comité de direction

Finance

Only €1.4bn invested in French CRE in Q1 2024

"At €1.4bn,Q1 2024 was well below the ten-year average of €4.6bn, with a performance comparable to that of Q1 2010." These are the words of Antoine Grignon, Head (...)

Retail

Sofidy and Klépierre finalise the acquisition of the O'Parinor shopping centre

Sofidy and Klépierre have just completed the acquisition of the O'Parinor shopping centre in Aulnay-sous-Bois. Completely renovated and extended in 2014, the 70,000 sqm shopping (...)

Listed

Klépierre's "strong growth trajectory" continued in 2023

After "revenge tourism" in 2022, should we talk about "retail return"? That's what emerges from the 2023 figures published by Klépierre, which has now (...)

Retail

Sofidy and Klépierre join forces in O'Parinor acquisition

It's now official. O'Parinor, the shopping centre in Aulnay-sous-Bois, has been sold by Hammerson and the Korean fund National Pension Service of Korea (NPS). (...)

Finance

Klépierre obtains €260m refinancing for its Utrecht center

In a press release, Berlin Hyp, Deutsche Hypo - Nord/LB Real Estate Finance, Natixis CIB and Société Générale announced that they had refinanced Klépierre's (...)

Retail

In Courbevoie, the Charras shopping center is desperately seeking a buyer

This is certainly not how the Courbevoie town council had imagined the renovation project for its Charras shopping center would end... Last October, Ochito, (...)

Retail

After BHV Marais, SGM sets its sights on an 18,000 sqm shopping centre

The SGM Group, chaired by Frédéric Merlin, has acquired the Metz Saint-Jacques shopping centre from Klépierre. The centre comprises 78 premises spread over 18,000 (...)

Listed

Klépierre raises its net cash flow from recurring operations target by 7 %

Morale is high at Klépierre. The European shopping center owner has just raised its 2023 net current cash flow target to at least €2.40 (...)

Retail

The sale of O'Parinor is looming, with Klépierre in pole position

As revealed by Business Immo on 10 July, O'Parinor, the shopping centre in Aulnay-sous-Bois owned by Hammerson and NPS, has been put up for (...)

Career

Klépierre makes two executive appointments

Klépierre, the European leader in shopping malls, today announced the appointments of Marie Caniac as Group Chief Operating Officer and Cyrille Deslandes as Managing (...)

Retail

Top 10 commercial program openings in 2023

Otium, in Dreux By BDM The final touch to this leisure/restaurant program on a former wasteland along the RN 12 is scheduled for the end of (...)

Finance

Klépierre reports 3.3% revenue growth in Q1 2023

During the Q1 2023, Paris-based shopping centre-focused REIT/SIIC Klépierre signed 304 leases, including 230 renewals and relets with a positive reversion of 5.2%, the (...)

Listed

Klépierre exceeds its 2022 targets

For the 2022 financial year, Klépierre, the pan-European shopping centre focused REIT/SIIC, has posted results that are "well above its targets". As proof, its net (...)

Retail

With Act 4 Good, Klépierre raises its CSR targets

Through a first plan entitled "Act for Good" and built around three pillars (environmental, territorial and human), the real estate company has managed since (...)

Retail

Atland buys 56 Buffalo Grill premises for €120m

Klémurs has again sold Buffalo Grill restaurants. This subsidiary of the Klépierre group has sold the premises of 56 Buffalo Grill restaurants (part of (...)

Retail

CNP Assurances to sell its outlets portfolio in France

Three years after having withdrawn them from the market, despite suitors, CNP Assurances is well on the way to selling its five villages of (...)

Green

Energy savings: Klépierre is committed to achieving the government's objectives

“Energy sobriety in our shopping centers is possible. We have demonstrated this and we will do more this winter to meet the challenges ahead (...)

Listed

Klépierre returns to "normalised activity" in H1 2022

Last February, the Chairman of Klépierre's management board estimated that 2022 would show that "not only [was the crisis over], but that the return (...)

Career

Stéphane Tortajada replaces Jean-Michel Gault as head of Klépierre's finance department

Paris-based REIT/SIIC Klépierre announced the composition of its Executive Board for a three-year period starting on June 22, 2022. While Jean-Marc Jestin was re-appointed as member and Chairman (...)

Career

Klépierre has chosen Beñat Ortega's successor

Klépierre, Europe's leading shopping centre operator, announces the appointment of Thomas Lourenço as Chief Operating Officer, replacing Beñat Ortega, who has become Chief Executive (...)

Listed

As a changing of the guard looms, Gecina looks to the future with confidence

As she prepares to hand over to Klépierre's Beñat Ortega after five years at the head of Paris-based REIT/SIIC Gecina, Méka Brunel presented the (...)

Retail

Klépierre sells two retail assets for €350m

Paris-based retail-focused pan-European REIT/SIIC Klépierre has sold a shopping centre in Berlin (Schloßstraße) in Germany, as well as a retail park in Bordeaux, for (...)

Career

Klépierre's Beñat Ortega appointed as Gecina’s next CEO

Gecina’s board of directors, chaired by Jérôme Brunel, met on December 10, 2021 and unanimously decided to appoint Beñat Ortega as the Paris-based REIT/SIIC's next (...)

Listed

Klépierre's main financial indicators still down

Paris-based pan-European REIT/SIIC Klépierre continues to take on water under the impact of successive waves of Covid-19. Its total revenue in H1 2021 is (...)

Listed

Klepierre's total revenues drop 11.3% in Q1 2021

Paris-based pan-European REIT/SIIC Klépierre’s total revenues for the three-month period ended March 31, 2021 amounted to €281.2m, an 11.3% decrease compared to the same (...)

Listed

Are SIICs inoculated against Covid-19? - iread

Stock market performance: glass half empty... Despite the vertiginous fall in share prices experienced by the entire stock market as soon as the health crisis (...)

Office

Tishman Speyer buys BETC's 19,300 sqm HQ in Pantin for €135m

Les Magasins Généraux in the Paris suburb of Pantin - a massive office building and BETC's headquarters since 2016, along the Ourcq canal - (...)

Listed

Klépierre's net current cash flow down -27.4 % in 2020

In 2020, most of Klépierre’s activities were impacted by the pandemic and accompanying restrictions imposed across Europe, which led to a virtual standstill at (...)

Retail

Klépierre sells the Saint-Christoly shopping centre in Bordeaux to Rivage AM

Klépierre has sold the Saint-Christoly shopping centre in Bordeaux to Parinaud Financial Group's real estate company Rivage Asset Management. The building has a total (...)

Career

Klépierre appoints Cécile Presta as CHRO and Magali Fernandes as CLO

Pan-European retail REIT/SIIC Klépierre, has appointed Cécile Presta as Chief Human Resources Officer (CHRO) and Magali Fernandes as Chief Legal Officer (CLO). Cécile Presta has extensive experience in (...)

Listed

Klépierre places a €600m 2031 bond at a 0.875% coupon

French mall REIT/SIIC Klépierre announced today the successful placement of a €600m bond maturing in February 2031 and paying a coupon of 0.875%. Subscribed more than (...)

Listed

Klépierre’s gross rental income down 7.1 % after Q3

Over the first nine months of 2020, Klépierre’s gross rental income generated by shopping centers amounted to €852.9m on a total share basis, down (...)

Listed

"Léon Bressler's 'Refocus' plan is heading in the right direction"

Business Immo: Léon Bressler and Xavier Niel strongly criticised the Reset plan announced by Unibail-Rodamco-Westfield. What is your reading of the situation? Benoît Faure-Jarrosson: The (...)

Career

Mathieu Echeverria joins Galimmo as Head of Leasing & Specialty Leasing

Galimmo Real Estate, a real estate company specialized in retail real estate and in the development of shopping centers in Europe, has announced the (...)

Listed

Klépierre's main financial indicators declined in H1 2020

Klépierre reported a 4.2% decline in net current cash flow, to €392.1m, for the first half of 2020. Earnings per share amounted to €1.37, (...)

Career

Klépierre promotes Julien Goubault to General Secretary

French mall REIT/SIIC Klépierre has appointed Julien Goubault, 41, as the group's General Secretary. The position was created to oversee human resources, governance, legal affairs, sustainable (...)

Career

The founder of Longevity Partners takes over the management of the France & Belux branch

President and Founder of Longevity Partners, Etienne Cadestin, has announced he is taking over the management of the France & Belux subsidiary of the pan-European responsible (...)

Retail

URW and Klépierre reopen the majority of their shopping centres

French malll REIT/SIICs Unibail-Rodamco-Westfield (URW) and Klépierre have announced the reopening of the majority of their shopping centres after the easing of restrictions imposed because (...)

Listed

Klépierre places €600m 9-year bond at a 2.0 % coupon

French mall REIT/SIIC Klépierre announced today that it successfully placed a €600m bond maturing on May 12, 2029 with a 2.0% coupon. The bond (...)

Listed

French REIT/SIICs URW and Klépierre reduce senior management compensation

French REIT/SIICs Unibail-Rodamco-Westfield (URW) and Klépierre both announced measures to reduce senior management compensations during the Covid-19 epidemic. “As a sign of solidarity with all (...)

Retail

Coronavirus: how France's retail sector apprehends the store closures

Faced with the temporary closure of places "non-essential" to the life of the nation, announced Saturday by Prime Minister Édouard Philippe, France’s retail sector (...)

Retail

Dutch Wereldhave prepares its exit from France

After conducting a thorough evaluation of its portfolio, Dutch shopping centre group Wereldhave decided to transform its shopping centres into "Full Service Centres", mixed-use (...)

Listed

French retail giant Klépierre grows 2019 cash-flow 6.7%

French retail property giant Klépierre raised net current cash flow per share i by 6.7% in 2019, at €2.82 and said it will propose (...)

Career

France’s Klépierre appoints new Management Director for France, Northern Region and Belgium

According to BI sources, Tiphaine Olivier has joined French REIT/SIIC Klépierre as Management Director for France, the Northern Regions and Belgium. She was previously (...)

Retail

French ImocomPartners add Paris suburb retail park for €28m

Live from Simi (Paris) - French retail park specialist ImocomPartners is acquiring from Klépierre an 18,500 sqm retail park in Pontault-Combault for a total of €28m.  Thanks to this (...)

Listed

France's Klépierre 1H net cash-flow up 5.4%; strategy aligned with retail transformation

Paris mall group Klépierre reported 1H19 net current cash-flow up 5.4%yy to €1.38 per share and said its strategy is perfectly aligned with the transformation of (...)

Retail

UK's Intu, Hammerson said eyeing sale of Spanish retail assets

British property firms Intu Properties and Hammerson are said to be considering selling some or all of their retail assets in Spain worth around (...)

Finance

New actors on the European stage

“When it comes to equity, European real estate is like a busy nightclub – as soon as one group leaves, another seems to be (...)

Listed

French retail giant Klépierre grows 2018 cash-flow 6.5%, to raise div 7%

French retail property giant Klépierre raised net current cash-flow per share by 6.5% last year to €2.65, and said it will propose a 7% higher dividend (...)

Retail

French Klépierre has no acquisition plans, to focus on organic growth - Jestin

Paris-based shopping centre REIT/SIIC Klépierre has no plans for external acquisitions but will focus on organic growth and the best locations going forward, its Chairman Jean-Marc Jestin says. Asked (...)

Listed

French mall REIT Klépierre boosts 1H net 7%, raises 2018 cash-flow guidance

French shopping centre REIT/SIIC Klépierre reported a near 7% rise in net income to €759.6m in first half. With net current cash-flow up 7.8 (...)

Retail

South African listed NEPI Rockcastle adds Slovakia mall for €122m

South African listed NEPI Rockcastle, which specialises in central European retail property, has acquired the Galeria Mlyny shopping centre in the Slovakian city of Nitra (...)

Retail

UK's Hammerson shares plunge after French Klepierre calls off bid

French shopping centre giant Klépierre said Friday it will not go ahead with an increased bid of 635p per share for UK retail REIT Hammerson after a discussion (...)

Office

JLL widens into listed RE capital advisory, also stressing S.African needs

Global property advisor JLL is extending its corporate finance advisory into the listed sector in Europe, placing some emphasis on advising South African firms interested in (...)

Listed

French Klépierre says £5bn bid for UK's Hammerson already rejected

French listed retail giant Klépierre on Monday confirmed it has made what it calls a friendly takeover offer for UK peer Hammerson at 615p per share, a premium (...)

Finance

French listed mall group Carmila raises 2017 earnings 6.2% to €183m

French shopping centre group Carmila, an affiliate of giant hypermarket chain Carrefour, said 2017 recurring EPRA earnings rose 6.2% to €182.9m on a portfolio valued at €5.8bn, 9.1% (...)

Retail

French mall REIT Klépierre boosts 2017 net to €1.5bn, raises div., guidance

French shopping centre REIT/SIIC Klépierre reported a slight rise in net income for 2017 to €1.50bn from €1.48bn a year earlier, plus a 7.4% climb in (...)

Retail

Unibail-Rodamco in agreed €13.28bn takeover of Australia's Westfield

Europe's largest REIT and its biggest manager of retail space, the Franco-Dutch Unibail-Rodamco, has agreed to buy Australian counterpart Westfield for €13.28bn, adding London and (...)

Retail

Material news from the European listed universe: Unibail, Hypoport, Colonial

Ahead of third quarter results, which will be upon us starting this week, here are some selected actions and calls that are material to (...)

Finance

European public real estate in good shape, led by German resi, French/Spanish office

European public real estate markets are in good shape as our website goes live. German housing stocks are near highs, as are most of (...)