Tag Archives: Klépierre

Posted on by

Klépierre subsidiary Steen & Strøm completes sale of its stakes in two shopping centers in Norway and Sweden

Paris, 2016-Nov-09 — /EPR Retail News/ — Klépierre today (November 7, 2016) announces that Steen & Strøm, its 56.1%-controlled subsidiary, has completed the sale of its stakes in two shopping centers: 49.9% of Åsane Storsenter in Bergen, Norway (49,604 sq.m.) and 100% of Torp Köpcentrum1 in Uddevalla, Sweden (31,600 sq.m.) for a total consideration of 235 million euros2 excluding transfer duties. On a group share basis for Klépierre, proceeds from the disposals amount to 132 million euros.

The two centers were acquired by the Olav Thon Group, one of Scandinavia’s largest private property owners.

For the first 9 months of 2016, Torp Köpcentrum contributed 4.9 million euros to net rental income for Klépierre on a total share basis. Åsane Storsenter was consolidated under the equity accounting method and contributed 3.9 million euros to net rental income for the same period.

These disposals are in line with Klépierre’s asset rotation strategy for optimizing its portfolio. To date in 2016, 437 million euros worth of assets have been sold and 41 million euros are under sale and purchase promissory agreements.

The transaction also releases additional financial capacity for Steen & Strøm to fund the development projects in its pipeline and potential targeted acquisitions in Scandinavia.

ABOUT KLÉPIERRE

A leading pure play shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills. The company’s portfolio is valued at EUR 22.6 billion at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe which altogether welcome 1.2 billion visitors per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore the Group’s commitment to a proactive sustainable development policy. For more information: www.klepierre.com

AGENDA:

February 6, 2017 Full year earnings (press release after market close)

INVESTOR RELATIONS CONTACTS:
Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

Julien ROUCH
+33 (0)1 40 67 53 08
julien.rouch@klepierre.com

Hubert D’AILLIERES
+33 (0)1 40 67 51 37
hubert.daillieres@klepierre.com

MEDIA CONTACTS:
Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

This press release is available on Klépierre’s website: www.klepierre.com

Source: Klépierre

Posted on by

Jean-Marc Jestin appointed to the role of Chairman of the Executive Board, Klépierre

Paris, 2016-Nov-09 — /EPR Retail News/ — The Supervisory Board, as part of its succession plan for Klépierre management, held a meeting on November 7, 2016 and unanimously decided to promote Jean-Marc Jestin, current member of the Executive Board, to the role of Chairman of the Executive Board, with effect from the date hereof, thus replacing Laurent Morel. The transition is part of the Supervisory Board’s succession plan that included Jean-Marc Jestin’s appointment as Chief Operating Officer and member of the Executive Board of Klépierre in 2012.

“This is the right time for Jean-Marc Jestin to become Klépierre’s next Chairman of the Executive Board. We have selected a highly qualified leader at a time when Klépierre is in a very strong financial and operational position,” said Mr. David Simon, Chairman of the Klépierre Supervisory Board.

“Since joining Klépierre in 2012, Jean-Marc has been an outstanding Chief Operating Officer,” Mr. Simon continued. “He has an in-depth knowledge of the organization and his tenure has yielded excellent operating improvements and financial results across the company, including being instrumental in leading the highly successful acquisition and integration of Corio. His leadership, combined with his vision and energy, will help set the tone for the future of Klépierre. The entire Supervisory Board is pleased that its succession planning has produced an executive of Jean-Marc’s caliber who is ready to be the company’s Chairman of the Executive Board and lead the implementation of our going-forward strategies.”

The Supervisory Board wishes to thank Laurent Morel for his role in the development and growth of Klépierre, making it today one of the leaders of the industry in Continental Europe. “He has been a trusted and valued leader of Klépierre, and we wish him well in his future endeavors,” said Mr. Simon.

“After these very active and transformational years for Klépierre, I am extremely proud of the company’s achievements and I am sure it will be in good hands to continue on its successful track,” said Laurent Morel.

“I am excited and honored to become Chairman of the Executive Board,” said Jean-Marc Jestin. “We have an incredibly talented management team and we will continue to be laser-focused on maximizing opportunities for the company and delivering high quality shopping experience for our customers and tenants as well as robust and sustainable financial performances for the benefit of our shareholders.”

The Group will continue to be under the management of an Executive Board, which will now be composed of Jean-Marc Jestin and Jean-Michel Gault, Deputy CEO.

ABOUT KLÉPIERRE

A leading pure play shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills. The company’s portfolio is valued at EUR 22.6 billion at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe which altogether welcome 1.2 billion visitors per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore the Group’s commitment to a proactive sustainable development policy. For more information, visit our website: www.klepierre.com

AGENDA:

February 6, 2017 Full year earnings (press release after market close)

INVESTOR RELATIONS CONTACTS:

Julien GOUBAULT
+ 33 (0)1 40 67 51 85
julien.goubault@klepierre.com

Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

MEDIA CONTACTS:

Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

This press release is available on Klépierre’s website: www.klepierre.com

Source: Klépierre

Posted on by

Klépierre announces that its shares will be delisted from Euronext Amsterdam N.V. as of November 7, 2016

Paris, 2016-Oct-07 — /EPR Retail News/ — Klépierre S.A. (“Klépierre”) which is currently listed on both Euronext Paris and Euronext Amsterdam announces that its shares will be delisted from Euronext Amsterdam N.V. (“Euronext Amsterdam”) as of Monday November 7, 2016.

Following the approval by Euronext Amsterdam of the delisting request, Klépierre announces that:
 the last day of trading on Euronext Amsterdam will be Friday November 4, 2016;
 the delisting will be effective Monday November 7, 2016.

Klépierre wishes to consolidate its listings on a single stock exchange, i.e. Euronext Paris. The delisting from Euronext Amsterdam will neither affect the liquidity of the shares nor have any impact on the trading. All transactions currently carried out at Euronext are and will remain processed through the Euronext single order book.

No specific action is required from holders of Klépierre shares and they will not bear any cost due to the delisting.

ABOUT KLÉPIERRE

A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. The company’s portfolio is valued at 22.6 billion euros at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe. Klépierre holds a controlling (56.1%) stake in Steen & Strøm, Scandinavia’s number one shopping center owner and manager. Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam. Klépierre is included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore Klépierre’s commitment to a proactive sustainable development policy. For more information: www.klepierre.com

AGENDA: October 26, 2016 2016 Third quarter revenues (press release after market close)

*** This press release is available on Klépierre’s website: www.klepierre.com

INVESTOR RELATIONS CONTACTS:
Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

Julien ROUCH
+33 (0)1 40 67 53 08
julien.rouch@klepierre.com

MEDIA CONTACTS:
Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

Source: Klépierre

Posted on by

Klépierre successfully issued 15-year, 600 million euro bond maturing September 29, 2031

Paris, 2016-Sep-20 — /EPR Retail News/ — Klépierre announces that it successfully issued today (September 19, 2016) a 15-year, 600 million euro bond maturing September 29, 2031. The bond was priced at a 60 bps margin above the swap rate which translates into a coupon of 1.25%. Oversubscribed three times, the notes were placed quickly after launch with long term, high-quality global investors. Investors from France, the UK and Germany represented 73% of the allocated book.

This bond features the lowest coupon ever for a long dated (more than 15-year) Euro bond issue by a REIT sector company, illustrating in favorable market conditions, Klépierre’s strong credit quality and business profile.

Barclays, CA-CIB, Citibank, Goldman Sachs, JP Morgan and Société Générale acted as active bookrunners for the new issue.

Meanwhile, the same day, Klépierre launched a cash tender offer on two outstanding bonds:
 a EUR 500 million euro bond issued by Klépierre SA maturing in September 2019 and offering a 2.75% coupon (FR0011321405);
 a EUR 500 million euro bond issued by Corio N.V. maturing in February 2021 and offering a 3.25% coupon (XS0896119384).

The offer period for both tendered bonds is expected to end on September 26, 2016. JP Morgan, RBS and Société Générale are acting as active bookrunners in the tender offer.

These transactions support the Group’s financing strategy, which aims to reduce its financing costs while lengthening its average maturity schedule. Assuming current market conditions, the net cost of debt should decline below 2.0% by 2017.

ABOUT KLÉPIERRE

A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. The company’s portfolio is valued at 22.6 billion euros at June 30, 2016 and comprises large shopping centers in 16 countries in Continental Europe. Klépierre holds a controlling (56.1%) stake in Steen & Strøm, Scandinavia’s number one shopping center owner and manager. Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam. Klépierre is included in the CAC 40, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, Euronext Vigeo France 20 and World 120, and Euronext Low Carbon 100 Europe, and is ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions underscore Klépierre’s commitment to a proactive sustainable development policy. For more information: www.klepierre.com

AGENDA: October 26, 2016 third quarter 2016 revenues (press release after market close)

INVESTOR RELATIONS:

CONTACTS:
Vanessa FRICANO
+ 33 (0)1 40 67 52 24
vanessa.fricano@klepierre.com

Julien ROUCH
+33 (0)1 40 67 53 08
julien.rouch@klepierre.com

MEDIA CONTACTS:
Lorie LICHTLEN
Burson-Marsteller i&e
+33 (0)1 56 03 13 01
lorie.lichtlen@bm.com

Camille PETIT
Burson-Marsteller i&e
+33 (0)1 56 03 12 98
camille.petit@bm.com

*** This press release is available on Klépierre’s website: www.klepierre.com

Source: Klépierre

Posted on by

Klépierre in partnership with Microsoft launches its start-up challenge KlépierreID at Viva Technology in Paris, June 30- July 2, 2016

The European commercial real estate specialist launches KlépierreID to source the start-ups that will transform retail tomorrow.

http://www.vivatechnologyparis.com/challenges/602 Paris, Porte de Versailles, June 30- July 2, 2016

PARIS, 2016-Jun-13 — /EPR Retail News/ — “We are strong believers in the idea that the best way to face the strategic challenges generated by our fast moving retail environment, is to use a test & learn approach, identifying the start-ups that will enable us to accelerate our digital transformation. This is how we will generate more value for the retailers present in our shopping centers,” declares Jean-Marc Jestin, Chief Operating Officer for the Klépierre group.

KlépierreID will launch a first challenge,” Let’s Play with mobile shoppers”, to the 5000 start-ups present at Viva Technology global event, with 3 objectives:

  • Enrich and simplify the shopping experience with new phygital servicesin Klépierre malls
  • Collect, connect, and activate all available data in shopping centers to create more value for retailers at Klépierre, while respecting the confidentiality wanted by our clients
  • Develop drive to store solutions

For this first step into the world of mobile technology, Klépierre is launching its start-up challenge with a major global partner, Microsoft, in order to select and support the winning start-ups in the development of their solutions.

“For ten years, Microsoft France has been creating and supporting specific programs dedicated to start-ups – talent detection, coaching and business acceleration, technological & international support– by facilitating business collaborations with the 5,000 start-ups currently supported with our key accounts. We are very glad to be associated with the first KlépierreID challenge at Viva Technology Paris, which will allow the three finalists to benefit from our support,” explains Nicolas Gaume, Director of the eXperiences division of Microsoft France.

The three finalist start-ups will benefit from:

  • Pilot tests in Klépierre centers. The group will introduce them to major retailers and brands in Europe, and will put in place a specific BtoB communication program.
  • Six months of personalized coaching via “the Pépinière” Microsoft Azure program dedicated to mobile & cloud apps (for start-ups using Microsoft Azure as their main Cloud technology). In connection with this program, they will have access to a dedicated contact at Microsoft France, technical resources (documentation, online training, equipment loans), as well as technological and business coaching. In addition, the winning start-up will receive 20 000€.

Start-ups can sign up for the challenge directly by clicking on this link: http://www.vivatechnologyparis.com/challenges/602

The Jury for the challenge includes executives from Klépierre top management; Anthony Virapin, Startup GoTo-Market Lead – Microsoft France; Sébastien Imbert, Chief Digital Marketing Officer – Microsoft France; Jérôme Léger, VP for the Mobile Marketing Association France; and Frédéric Roy, Editor in chief of the magazine CB News.

About Klépierre
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 22.1 billion euros on December 31, 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the CAC 40, EPRA Euro Zone and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, Euronext Vigeo France 20 and World 120, Euronext Low Carbon 100 Europe – and is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

Media contact:
Pepper Menthe Communication Samira Chakkaf Andalouci /samira@peppermenthe.com 07 86 111 452 Sophie Lozach / sophie@peppermenthe.com / 06 63 17 36 43

Posted on by

Klépierre announces results of the 1st National Casting for “Reines du Shopping” TV show

PARIS, 2016-May-04 — /EPR Retail News/ — Klépierre, the European shopping center specialist, announces that the results of the 1 st National Casting for “Reines du Shopping” is a great success !

Klépierre and M6 UNLIMITED have developed an exclusive partnership to organize the first national casting of Reines du Shopping TV show, from April 23 to May 5, in 18 shopping centers in France.*

20 000 people participating to all the animations (castings, make ups, personal shoppers advice, digital games, etc.) and more than 2.5 million viewing videos on Klépierre shopping centers Facebook pages.

This first edition of “Reines du Shopping” national casting is totally in synch with French women’s expectations in terms of fashion : Opinion Way study shows that 62% of French women are interested in getting smart advice from a personal shopper; which is precisely the promise of “Reines du Shopping” TV show.

The power of a unique partnership between television and leading shopping centers

With “Reines du Shopping,” Klépierre has partnered for an unprecedented operation that uses its unique appeal to create preference among its clients. This partnership with M6 Unlimited reinforces the Let’s Play promise of a unique shopping experience at Klépierre centers.

“Every year, Klépierre creates a powerful media buzz by launching new and exclusive partnerships with key players of the entertainment industry, that bring customers to our centers. With a portfolio of centers present in 57 cities and 16 countries in Continental Europe, providing access to 150 million consumers, we offer brands a unique and powerful media platform in Europe,” explains Elise Masurel, new head of group marketing for Klépierre.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 22.1 billion euros on December 31, 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the CAC 40, EPRA Euro Zone and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, Euronext Vigeo France 20 and World 120, Euronext Low Carbon 100 2 Europe – and is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy. For more information, visit our website: www.klepierre.com

About M6 Unlimited:
M6 UNLIMITED, the transmedia structure of M6 Publicité, puts advertisers at the heart of its organization and offers endto-end strategy. Thanks to the group’s considerable assets, M6 UNLIMITED can offer customized operations, original media productions, and the sponsorship, marketing, and management of the licenses of the group’s brands. Website: http://m6pub.fr
Twitter: @m6publicite

* LES REINES DU SHOPPING ® 2016 Métropole Télévision / Hubert Master Edition

MEDIA CONTACT
L’Agence Marie-Antoinette
Julie Haget – +33 1 55 04 86 40 – klepierre@marie-antoinette.fr

 

Posted on by

Klépierre: NYX to open store in e Nový Smíchov shopping center in Czech Republic

  • Klépierre has just signed a lease with NYX, a makeup retailer acquired by L’Oréal in 2015. The first store, located in the Nový Smíchov shopping center in Czech Republic, will open in May.

Paris, 2016-Apr-27 — /EPR Retail News/ — A European specialist in shopping centers, Klépierre supports the growth of the best brands and retailers, as most recently illustrated with NYX. The trendy and connected makeup brand which, buoyed by its success, is now opening shops via the Klépierre shopping center platform in order to deploy across Europe and conquer new territories while getting closer to its customers.

The first NYX stores in Czech Republic will open the doors to its 65sq.m. GLA store next month at Novy Smíchov. “NYX is creating a buzz and is a young brand with fast growth ambitions. Klépierre offers unique locations that will allow it to develop quickly and in the right places. With its feminine and dynamic clientele, the Nový Smíchov center is a promising location for this first cooperation. Other stores are planned, including one at Campania, north of Naples, covering 88 sq.m. in early May.” said Jean-Marc Jestin, Chief Executive Officer and member of the Klépierre Executive Board.

These signings are part of the ambitious and active retail mix strategy implemented by the Group to attract the best brands and identify new high potential retail brands. With centers in areas of high population growth, Klépierre offers retailers the resources needed to accelerate European development.

NYX – professional quality at affordable prices Appreciated for its affordable prices and its 1,500 professional quality products, NYX Professional Makeup has already established itself in the United States as a key player in the cosmetics segment. With more than 6.5 million followers on Instagram, the brand has built its success in the very promising connected consumer market. Today, NYX Professional Makeup intends to deploy its palettes and colors in new geographies and attract “beauty junkies” across Europe. NYX Professional Makeup was elected in 2015 Brand of the Year at the Women’s Wear Daily Beauty Inc. Awards.*

1 st location in Central Europe, in the Nový Smíchov center in Prague With its 169 stores located in the heart of the city and its 20 million annual visitors, Nový Smíchov is the leading center of the Czech capital and the most popular with people of Prague. The remarkable results in 2015 and the recent renovation naturally enhance the center’s appeal and attract new retailers.

* This honor (2015 Brand of the Year at the Women’s Wear Daily Beauty Inc. Awards), awarded on December 10 in New York City by WWD, an American monthly fashion magazine, recognizes NYX in the mass market category for its consistent success on social media and its expansion into traditional distribution channels.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 22.1 billion euros on December 31, 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.1%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the CAC 40, EPRA Euro Zone and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, Euronext Vigeo France 20 and World 120, Euronext Low Carbon 100 Europe – and is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy. For more information, visit our website: www.klepierre.com

MEDIA CONTACTS:

L’Agence Marie-Antoinette Delphine Sacleux – Julie Haget – 01 55 04 86 40 – klepierre@marie-antoinette.fr

Posted on by

Klépierre further increases its leadership position in Scandinavia with the acquisition of Oslo’s leading shopping center, Oslo City

PARIS, 2016-1-4 — /EPR Retail News/ — Klépierre announces that Steen & Strøm, its 56.1% controlled subsidiary, jointly with its partner – Entra – has completed1 the acquisition of Oslo City on December 31, 2015.

Steen & Strøm and Entra have started a demerger process of the holding company that owns Oslo City, following which, Steen & Strøm will fully own the shopping center and half of the parking spaces for a net investment of 336 million euros2 .

Through this acquisition Klépierre reinforces its presence in one of the most dynamic and wealthiest capital cities in Europe with an asset located in Oslo’s main transportation hub and featuring the highest footfall in Norway. Klépierre further increases its leadership position in Scandinavia where it currently operates a 3.5 billion euros3 shopping center portfolio.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the CAC 40, EPRA Euro Zone and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

¹Please refer to Klépierre press release announcing signature of sale and purchase agreement dated December 14, 2015 on www.klepierre.com
²Based on the NOK/EUR exchange rate of 9.62 as of December 30, 2015 – excluding transaction costs
³Value excluding duties, total share as of June 2015

INVESTOR RELATIONS CONTACTS
Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com
Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS
Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com
Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com
***
This press release is available on Klépierre’s website: www.klepierre.com

Posted on by

Klépierre: early repayment of all outstanding US Private Placement notes

PARIS, 2015-12-17 — /EPR Retail News/ — Klépierre announces that it has fully early repaid all of its outstanding US Private Placement notes for a nominal value of 840 million euros and terminated attached cross currency swaps.

This financing, issued by Corio in 2007, was denominated in USD (830 million), euros (100 million), and GBP (50 million), posting a 2.7 year weighted average maturity at prepayment date.

Total repayment (including mark-to-market, swap unwinding, and termination costs) amounted to 897 million euros. After repayment, Klépierre’s consolidated Loan-to-Value ratio remains below its 40% target and the Group’s liquidity position stands above 2.5 billion euros.

As of today, more than 50% of Corio’s outstanding debt has already been refinanced, with an expected positive impact in 2016 of around 15 bps on Klépierre’s average cost of debt.

Citigroup and Oddo Seydler Corporate Finance were Klépierre’s advisors on this transaction.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the EPRA Euro Zone and the GPR 250 indexes. Klépierre will be included in the CAC 40 index effective December 21, 2015. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA

February 9, 2016 2015 Full year earnings (press release after market close)
April 28, 2016 2016 first quarter revenues (press release after market close)

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

Posted on by

Klépierre Supervisory Board as of December 15, 2015

PARIS, 2015-12-17 — /EPR Retail News/ — During its meeting held on December 14, 2015, the Supervisory Board of Klépierre acknowledged the resignation of Mrs. Dominique Aubernon of her mandate of member of the Supervisory Board following the disposal by BNP Paribas of its entire stake in the share capital of Klépierre.

The Supervisory Board entrusted the Nomination and Compensation Committee with the task of examining the conditions of her replacement.

Following this resignation, the Supervisory Board of Klépierre is composed of the following members:

  • Mr David Simon, Chairman
  • Mr John Carrafiell, Independent director
  • Mr Jeroen Drost
  • Mr Bertrand de Feydeau, Independent director
  • Mr Steven Fivel
  • Mr Bertrand Jacquillat, Independent director
  • Mr Stanley Shashoua
  • Mrs Catherine Simoni, Independent director
  • Mrs Rose-Marie Van Lerberghe, Independent director

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the EPRA Euro Zone and the GPR 250 indexes. Klépierre will be included in the CAC 40 index effective December 21, 2015. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA

February 9, 2016 2015 Full year earnings (press release after market close)

April 28, 2016 2016 first quarter revenues (press release after market close)

 

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

Posted on by

Klépierre announces early repayment of all of its outstanding US Private Placement notes

PARIS, 2015-12-11 — /EPR Retail News/ — Klépierre announces that it has fully early repaid all of its outstanding US Private Placement notes for a nominal value of 840 million euros and terminated attached cross currency swaps.

This financing, issued by Corio in 2007, was denominated in USD (830 million), euros (100 million), and GBP (50 million), posting a 2.7 year weighted average maturity at prepayment date.

Total repayment (including mark-to-market, swap unwinding, and termination costs) amounted to 897 million euros. After repayment, Klépierre’s consolidated Loan-to-Value ratio remains below its 40% target and the Group’s liquidity position stands above 2.5 billion euros.

As of today, more than 50% of Corio’s outstanding debt has already been refinanced, with an expected positive impact in 2016 of around 15 bps on Klépierre’s average cost of debt.

Citigroup and Oddo Seydler Corporate Finance were Klépierre’s advisors on this transaction.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry and APG (13.6%), a Netherlands-based pension fund firm. Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam included the EPRA Euro Zone and the GPR 250 indexes. Klépierre will be included in the CAC 40 index effective December 21, 2015. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA

February 9, 2016 2015 Full year earnings (press release after market close)

April 28, 2016 2016 first quarter revenues (press release after market close)

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com
Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com
Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com ***

This press release is available on Klépierre’s website: www.klepierre.com

SOURCE: Klépierre

 

Posted on by

Elise Masurel, Daniela Iancu Lauret and Louis Bonelli join Klépierre, a leading shopping center property company in Europe

PARIS, 2015-9-29 — /EPR Retail News/ — Elise Masurel, Daniela Iancu Lauret and Louis Bonelli will combine their expertises and spirit of initiative to valorize the retail offering, the customer experience, and the marketing approach implemented by the shopping centers of the Group.

  • Elise Masurel, Group Head of Marketing

Elise Masurel’s main responsibilities will be to pursue and develop the Clubstore® program, which reinvents the customer experience at Klépierre shopping centers. She will continue to modernize the marketing and event practice by rolling out the Let’s Play® advertising concept, as well as setting up an innovative digital strategy for the Group.

After graduating in Business Management and Marketing at Paris Dauphine University and the IAE of Aix en Provence, Elise Masurel began her career in 2003 with Kraft Foods as a Product Manager, and then became the Business Manager for the chocolate and coffee brands. She joined Club Méditerranée in 2006, as a Project Manager, then Head of Marketing and Sales for France, and eventually Head of Marketing and Sales for EMEA.

  • Daniela Iancu Lauret, Group Head of Design

The role of Daniela Lancu Lauret will be to define, develop, and coordinate the architectural and interior design of Klépierre shopping centers. She will offer her expertise in design and her creativity to assist operational teams at Klépierre in Europe. Her objective will be to improve the customer experience within the framework defined by the exclusive Clubstore® program, owned by Klépierre.

After she finished her studies in architecture and urban planning (at the Universities of Bucharest and Lyon), Daniela Iancu Lauret began her career as an architect in 1998, working for firms including DMS, Wilmotte & Associés, Diener Guirard Architecture, and finally Chapman Taylor as their Managing Director for France and international since 2008.

  • Louis Bonelli, Group Head of Leasing

The mission of Louis Bonelli will be to build long lasting relationships with the leading European retailers for Klépierre. As Group Head of Leasing, he will take part in the animation and coordination of the Group’s network of retail partners, will identify promising concepts that will differentiate and renew the retail offering of Klépierre, thus helping to develop the merchandising mix in development projects.

After graduating from EDHEC in 2006, Louis Bonelli began his career with Unibail-Rodamco as Leasing Manager for a portfolio of French shopping centers. He became Deputy Head of Leasing (the Nordic countries and the Netherlands), and then Senior International Leasing Manager, before joining Estée Lauder in 2013 as Real Estate Director for EMEA.

The three of them will report directly to Jean-Marc Jestin, Chief Operating Officer, member of the Group Executive Board. Jean-Marc Jestin declares: “I am pleased to welcome Elise, Daniela, and Louis who, thanks to their energies and talents, will bring their full contribution to Klépierre strategy and help us meet our ambitious challenges: modernizing our retail offering and improving the customer experience in our shopping centers, while integrating their specific locations, features, and their catchment areas.”

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, APG (13.5%) and BNP Paribas (6.6%). Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam and is included in the CAC Next20 and CAC Large 60 indexes, the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

 

Posted on by

Klépierre sold portfolio of nine shopping centers in the Netherlands to Wereldhave

PARIS, France, 2015-8-27— /EPR Retail News/ — Klépierre today announced it has completed the disposal of a portfolio of nine shopping centers¹ located in the Netherlands to Wereldhave. Total consideration for the transaction including transfer duties is 770 million euros² . The extension of City Plaza will be transferred later in 2015, once this development has been delivered.

As a result of the transaction, Klépierre operates a more cohesive shopping center portfolio in the Netherlands, refocused on affluent cities in the Randstad region (five assets representing a total value of 1.1 billion euros as of June 30, 2015).

The net cash proceeds to Klépierre will be mostly used to reimburse outstanding debt. The divestment has a limited dilutive impact on the 2015 net current cash flow, which has already been taken into consideration when Klépierre raised on July 29, 2015 its net current cash flow guidance for fiscal year 2015 to 2.15 euros per share.

¹ Amersfoort (Emiclaer), Arnhem (Presikhaaf), Dordrecht (Sterrenburg), Heerhugowaard (Middenwaard), Nieuwegein (Cityplaza, including extension), Rijswijk (In den Bogaard), Tilburg (Centre), Zoetermeer (Oosterheem) and Zwolle (Stadshagen).
² Total share, including transfer duties but excluding potentially applicable VAT. Consideration is 730 million euros excluding transfer duties.

Klépierre’s legal advisor in connection with the transaction described in this announcement is De Brauw Blackstone Westbroek.

ABOUT KLEPIERRE A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21.9 billion euros on June 30 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, APG (13.5%) and BNP Paribas (6.6%). Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam and is included in the CAC Next20 and CAC Large 60 indexes, the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

AGENDA
October 29, 2015 2015 3rd quarter revenues (press release after market close)

February 9, 2016 2015 Full year earnings (press release after market close)

INVESTOR RELATIONS CONTACTS
Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com
Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS
Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com
Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

Posted on by

Klépierre, Exane BNP Paribas semi annual statement of liquidity agreement

PARIS, 2015-7-20 — /EPR Retail News/ — Under the liquidity agreement that Klépierre has contracted with Exane BNP Paribas, the following resources were listed in the liquidity account on June 30, 2015 (trading date):

  • 191,053 Klépierre securities
  • €4,388,647.42

As a reminder, on December 31, 2014 (trading date) the liquidity account contained the following resources:

  • 153,258 Klépierre securities
  • €5,860,833.82

A French corporation (Société Anonyme) governed by an Executive Board and a Supervisory Board With registered capital stock of €279,258,476

Registered principal office: 26, boulevard des Capucines – 75009

Paris Paris Trade and Company Registration Number: 780 152 914 RCS Paris

Posted on by

Klépierre announced conditional agreement with Wereldhave on the disposal of a portfolio of 9 shopping centers located in the Netherlands for EUR 770m

PARIS, 2015-6-25 — /EPR Retail News/ — Klépierre today announced it has reached a conditional agreement with Wereldhave on the disposal of a portfolio of nine shopping centers1 located in the Netherlands for a total consideration of 770 million euros,2 a level that is consistent with appraised values. The portfolio includes convenience and district shopping centers mostly located in cities outside of Randstad, representing a total of approximately 236,000 sq.m and an estimated annual net rental income contribution of 44 million euros3 on a group share basis.

The transaction is not subject to any financing conditions and is expected to close at the end of the third quarter of 2015, subject to customary conditions precedent, including anti-trust clearance, and completion of Klépierre and Wereldhave works council consultation processes.

Laurent Morel, Chairman of Klépierre’s Executive Board, commented: “This transaction is a clear delivery on Klépierre’s asset rotation strategy post-merger with Corio and demonstrates the liquidity and value of our portfolio. It immediately refocuses Klépierre’s Dutch portfolio on two of the most dynamic cities in the Netherlands, Rotterdam and Utrecht, which will become more attractive with the ambitious re-development of Hoog Catharijne. The disposal of this portfolio releases additional financial capacity to fund future growth in our preferred regions of Continental Europe, through the development of our quality pipeline, and selective opportunistic acquisitions of prime shopping destinations.”

Following the transaction, Klépierre’s Dutch portfolio, refocused on cities in the affluent Randstad region, will represent a total value of 1 billion euros (as of December 31, 2014). This divestment is expected to result in net cash proceeds to Klépierre of 695 million euros (group share), which would first be mostly used to reimburse outstanding debt.

Assuming it is completed as planned, the divestment is expected to have a limited impact on the net current cash flow for 2015. Accordingly, Klépierre maintains its net current cash flow per share guidance for fiscal year 2015.

1 Amersfoort (Emiclaer), Arnhem (Presikhaaf), Dordrecht (Sterrenburg), Heerhugowaard (Middenwaard), Nieuwegein (Cityplaza, including extension), Rijswijk (In den Bogaard), Tilburg (Centre), Zoetermeer (Oosterheem) and Zwolle (Stadshagen).
2 Total share, including transfer duties but excluding potentially applicable VAT. Consideration is 730 million euros excluding transfer duties.
3 Based on the 2014 full year annual net rental income contribution of these assets

Klépierre’s legal advisor in connection with the transaction described in this announcement is De Brauw Blackstone Westbroek.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21 billion euros on December 31, 2014. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (20.3%), world leader in the shopping center industry, APG (13.5%) and BNP Paribas (6.6%). Klépierre is a French REIT (SIIC) listed on Euronext Paris and Euronext Amsterdam and is included in the CAC Next20 and CAC Large 60 indexes, the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy. For more information, visit our website: www.klepierre.com

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com

Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com

Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

 

Posted on by

Klépierre successfully issued 8-year EUR 750 million bond maturing April 17, 2023

PARIS, 2015-4-9 — /EPR Retail News/ — Klépierre announces that it successfully issued today a 8-year, 750 million euro bond maturing April 17, 2023. The bond was priced at a 65 bps margin above the swap rate which translates into a coupon of 1.0%. Oversubscribed 4.5 times, the notes were quickly placed after launch with long term, high-quality pan-European investors. Interest was strong from fund managers, insurers, banks and pension funds. On a geographical basis, investors from France, UK and Germany represented two-third of the allocated book.

Meanwhile, the same day, Klépierre launched a tender offer for cash on a 500 million euro bond issued by Corio N.V. maturing in January 2018 (XS0550979842). The tender offer period is expected to end on April 16, 2015.

Following the merger completed on March 31, 2015 with Corio, these transactions aim at optimizing the debt profile of the Group while reducing its cost of funding.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21 billion euros on 31 December 2014, on a proforma basis including the merger with Corio on March 31, 2015. It comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (18.3%), world leader in the shopping center industry, BNP Paribas (13.5%) and APG (13.5%).

Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam and is included in the CAC Next20 and CAC Large 60 indexes, the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com

Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – klepierre@brunswickgroup.com

Nathalie BAUDON – + 33 1 53 96 83 83 – klepierre@brunswickgroup.com

*** This press release is available on Klépierre’s website: www.klepierre.com

Posted on by

Klépierre acquires 70 000 sq.m. shopping center located in Madrid, Pleniliunio

PARIS, 2015-3-16 — /EPR Retail News/ — Klépierre signed an agreement to acquire 100% of Plenilunio from an entity 100% indirectly owned by the Orion European Real Estate Fund III C.V., a real estate fund sponsored by Orion Capital Managers. Pleniliunio is a leading 70 000 sq.m. shopping center located in Madrid. With a large and updated fashion offer, high quality architecture and a prime location, Plenilunio is one of the major shopping center in the region around Madrid where Klépierre already owns two of the most prominent shopping malls: La Gavia (Southeast Madrid) and Principe Pio (Madrid center). This acquisition complements Klépierre’s existing retail platform in Spain and enhances its Spanish portfolio profile. This investment is consistent with the strategy to focus investments on leading retail assets in the most growing regions of Continental Europe.

Plenilunio has established itself as the dominant urban retail destination for the eastern part of Madrid.

Opened in 2006 and strategically located 11 km east of the city center of Madrid – Europe’s third largest city – Plenilunio welcomes 10.5 million visitors annually. This shopping destination addresses retail demand of a large and affluent catchment area of 1.5 million inhabitants within a 15-minute drive. At the crossroads of busy motorways – one going to Barcelona and the other coming from the Madrid Barajas International airport -, it enjoys very good visibility from Madrid’s major ring roads. In addition, there are several bus routes connecting Plenilunio to Madrid’s city center and its surrounding residential districts. Population within its catchment area is dense and growing, with 14 000 new residential housing units being built. The purchasing power within the area is 30% above the Spanish national average, with 33% of households in the highest income bracket.

The well-established and comprehensive retail offer features the best international fashion retailers.

With a 99.3% financial occupancy rate as of December 2014, Plenilunio delivers strong growth, with retailer sales up by 15% in 2014 compared to the previous year. It brings together a large and updated fashion offer as well as a top supermarket within a space of high architectural quality.1 The shopping mall extends over 70.000 sq.m. GLA on 3 levels, with a comprehensive retail offer of 230 shops:

  • In May 2014, Primark extended its floor area to 6 700 sq.m. becoming the largest Primark store in Spain.
  • Inditex’s main brands have all opened stores: Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius and Zara Home
  • Other main anchors include Mercadona – one of their best units trading in Spain -, H&M, Mango, Desigual, C&A, Cortefiel, Mediamarkt, Sfera, Yelmo cinema.

Klepierre is best positioned to capture additional like for like net rental growth from this wellperforming asset.

This acquisition enhances Klépierre’s exposure in Spain, with more than 80% of the portfolio value coming from five leading shopping centers – the three aforementioned in Madrid Meridiano (Tenerife) and Mare Magnum (Barcelona) – confirming the Group’s position as a key partner for retailers entering or expanding in the country. Following this transaction, Klépierre gains significant scale in this attractive region: the Group’s portfolio value2 in Spain will total 1.4 billion euros.

Plenilunio will add approximately 21 million euros of annual gross income3 to Klépierre. The Group has identified a number of leasing and property management actions that will further increase Plenilunio’s cashflows generation and accelerate its differentiation.

The price is based on a gross asset value of 375 million euros. With a liquidity position of 2.7 billion euros at year-end 2014, Klépierre plans to finance this investment via its own funds but may also consider mortgage financing for a limited part. The acquisition is expected to be completed by the end of March 2015 under the SOCIMI regime.

The vendor is an entity 100% indirectly owned by the Orion European Real Estate Fund III C.V, a fund sponsored by Orion Capital Managers. Its advisor for this transaction was Cushman and Wakefield.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 21 billion euros on 31 December 2014, including on a proforma basis, the acquisition of Corio in January 2015, and essentially comprises large shopping centers in 16 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group, world leader in the shopping center industry, BNP Paribas and APG.

Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and Euronext Amsterdam and is included in the CAC Next20 and CAC Large 60 indexes (effective March 20, 2015 after market close), the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com.

AGENDA

April 14, 2015 General meeting of shareholders
April 21, 2015 Final dividend payment : 0.69 euro per share4
April 29, 2015 2015 1st quarter revenues (press release after market close)

INVESTOR RELATIONS CONTACTS

Vanessa FRICANO – + 33 1 40 67 52 24 – vanessa.fricano@klepierre.com
Julien ROUCH – +33 1 40 67 53 08 – julien.rouch@klepierre.com

MEDIA CONTACTS

Aurélia de LAPEYROUSE – + 33 1 53 96 83 83 – adelapeyrouse@brunswickgroup.com
Nathalie BAUDON – + 33 1 53 96 83 83 – nbaudon@brunswickgroup.com

***

This press release is available on Klépierre’s website: www.klepierre.com

¹Plenilunio won the ICSC World’s Best Shopping Center award in 2007.
²Values on a total share basis, including duties, as of December 31, 2014
³Based on 2014 year-end figures
4Submitted to a vote at the April 14, 2015 general meeting of shareholders.

 

Posted on by

Klépierre and TF1 renewed their partnership for The Voice Big Red Chair Tour

PARIS, 2015-1-6 — /EPR Retail News/ — The Voice, the smash hit talent show* that has discovered artists such as Kendji Girac, Luc Arbogast and Fréro Delavega, no longer needs any introduction. For the third consecutive year, Klépierre and TF1 have renewed their partnership for The Voice Big Red Chair Tour, bringing a breath of fresh air and music into all participating centers.

This year’s program includes:

  • an amazing showcase from Stacey King**, the soul diva with rock overtones who reached the semi-finals in season 3,
  • a photocall with the iconic red chair so that every shopper can become a coach in this cult talent show, and leave with a photo to prove it.

With this live event, Klépierre offers visitors a new kind of fun shopping experience that is totally original and 100% consistent with its Let’s Play® campaign. The Let’s Play® attitude is all about making sure that visitors leave Klépierre shopping centers having enjoyed a completely carefree and accessibly pleasurable experience.

On Saturday January 10, the famous coaches’ big red chair will be center stage at the Créteil Soleil center, the first stop on its new adventure. Innovation 2015: the Sharing Box® photo terminal allows fans to leave with an instantly available photo. They’ll also receive a copy by e-mail they can share on social media via Mytfl1.fr.

3pm is music time with Stacey King, who will perform an exclusive showcase set completely free of charge in the six participating centers.

“The shopping center is a meeting place and a place of interaction, but it’s also a place to have fun and discover new things. We promote real-life experience to make sure that our customers enjoy life enhancing events with real heart. The Voice Tour is a perfect illustration of the Let’s Play® attitude we want to introduce into all our centers” says Sandrine Quesnel, Klépierre Group Head of Marketing and Communication.

Web users have a fortnight to try and win 2 tickets to join the studio audience for a primetime broadcast episode: 2 seats per participating center. To enter, visit the center website, Facebook page and/or mobile app.

The third edition of this exclusive tour will visit six Klépierre centers.

Saturday January 10
Sunday, January 11
Wednesday, January 14
Saturday, January 17
Wednesday, January 21
Saturday, January 31		 Créteil Soleil in Créteil
Le Millénaire in Aubervilliers
Ecully Grand Ouest on the outskirts of Lyon
Espace Coty in Le Havre (no showcase)
Courier in Annecy
Val d’Europe in Serris Marne-la-Vallée

* Produced by Shine France and broadcasted on TF1
** Stacey King will perform at 3 pm in each center.

ABOUT KLEPIERRE
A leading shopping center property company in Europe, Klépierre combines development, rental, property, and asset management skills. Its portfolio is valued at 14.0 billion euros on 30 June 2014 and essentially comprises large shopping centers in 13 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner
and manager.

Klépierre’s largest shareholders are Simon Property Group (28.9%), world leader in the shopping center industry, and BNP Paribas (21.3%). Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and is included in the SBF 80, the EPRA Euro Zone, and the GPR 250 indexes. Klépierre is also included in several ethical indexes – DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information: www.klepierre.com

PRESS CONTACTS
Agence Influences
Souad Djouahra – 01 44 82 67 08) – s.djouahra@agence-influences.fr
Marie-Ange Pyrmée – 01 44 82 74 65 – ma.pyrmee@agence-influences.fr
Flavia Sola – 01 44 82 67 06 – f.sola@agence-influences.fr

###

Klépierre and TF1 renewed their partnership for The Voice Big Red Chair Tour

Klépierre and TF1 renewed their partnership for The Voice Big Red Chair Tour

Posted on by

Klépierre and Steen & Strøm achieved Global Real Estate Sustainability Benchmark “Green Star” status

PARIS, 2014-9-22— /EPR Retail News/ — The sustainability performances of Klépierre and Steen & Strøm recognized by the Global Real Estate Sustainability Benchmark (GRESB¹) and by RobecoSAM.²

Klépierre and Steen & Strøm have just achieved GRESB “Green Star” status. Steen & Strøm topped the list of global shopping center operators, becoming Sector Leader, while Klépierre is ranked 4th in this sector in Europe.

Klépierre has also improved its RobecoSAM score by 30% in two years. With a global score of 82/100, Klépierre is once again among the companies listed in the DJSI World and Europe indexes. Out of 120 commercial real estate players worldwide, Klépierre’s performance was ranked second in terms of
environmental actions.

These impressive results reflect and validate the targeted actions undertaken by the Group in recent years, which include:

  • A clear and ambitious redefinition of its priorities via a materiality analysis
  • The adoption of a demanding environmental management system that collects data and tracks the performance of all its shopping centers in more than 140 areas.
  • More than 1.2 million square meters have earned environmental certification/labels
  • More than 50% of its real estate holdings are equipped with automated, real time meters for tracking energy consumption.

The Group’s scores in 2014 attest to the high level of involvement on the part of Management and all employees, as well as the relevance of its strategy in light of the criteria established by the global, benchmark-setting experts.

ABOUT

Klépierre

A leading shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills.

Its portfolio is valued at 14.0 billion euros on June 30, 2014 and essentially comprises large shopping centers in 13 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager.

Klépierre’s largest shareholders are Simon Property Group (28.9%), world leader in the shopping center industry, and BNP Paribas (21.3%).

Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and is included into the SBF 80, EPRA Euro Zone and GPR 250 indexes. Klépierre is also included in several ethical indexes –DJSI World and Europe, FTSE4Good, STOXX®Global ESG Leaders, Euronext Vigeo France 20 and Eurozone 120 – and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group’s commitment to a voluntary sustainable development policy.

For more information, visit our website: www.klepierre.com

Steen & Strøm
Steen & Strøm is the leading developer, owner and manager of integrated shopping centers in Scandinavia. It owns 42 shopping centers in Norway, in Sweden and in Denmark. Steen & Strøm’s main shareholders are Klépierre (56.1%) and ABP Pension Fund.

For more information, visit the website: www.steenstrom.com

CONTACTS
Agence Influences
Souad Djouahra – 01 44 82 67 08 – s.djouahra@agence-influences.fr
Marie-Ange Pyrmée – 01 44 82 74 65 – ma.pyrmee@agence-influences.fr

¹ GRESB is the key benchmark for assessing the environmental performance of real estate portfolios. In 2014, it assessed the sustainability performance of 637 businesses worldwide, including more than 300 in Europe.
² Founded in 1995, RobecoSAM is a specialist in Sustainability Investing. Yearly, it assesses the extra-financial performance of more than 3,000 companies. The Dow Jones Sustainability Indexes (DJSI), calculated in partnership with the Dow Jones group, lists the top companies in each sector.