Business Immo, the real estate website

Jean-Marc Jestin

Listed 15/02/2024

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 (...)

Listed 02/08/2023

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 (...)

Career 06/07/2023

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 (...)

Listed 16/02/2023

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 01/02/2023

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 (...)

Green 08/09/2022

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 28/07/2022

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 25/05/2022

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 17/05/2022

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 10/05/2021

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 23/10/2020

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 30/07/2020

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, (...)

Listed 08/04/2020

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 (...)

Listed 06/02/2020

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 (...)

Listed 25/07/2019

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 (...)

Listed 07/02/2019

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 23/10/2018

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 26/07/2018

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 13/04/2018

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 (...)

Retail 08/02/2018

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 (...)