Company Profile for Klépierre

Company Profile for Klépierre

Klépierre (Paris:LI), a listed real estate investment company (SIIC; French REIT), held assets valued at 15.1 billion euros on December 31, 2010. Its shopping center assets comprise 92.5% of its holdings (it owns 273 shopping centers in 13 continental European countries). It also owns retail properties (3.9%) via Klémurs and office properties in Paris (3.6%). Klépierre’s majority shareholder is BNP Paribas (50.9%). A long-term investor, Klépierre specializes in designing, managing and enhancing the value of its real estate assets via its subsidiaries Ségécé and Steen & Strøm, Scandinavia’s number one owner and manager of shopping centers. The combination of these specialists within a single group has made the latter the partner of choice for cities and retailers seeking the lasting success of their commercial projects.