KLEPIERRE REIT (4LI)

Overview

Klépierre SA stands as the paramount leader in the European shopping mall sector, skillfully blending property development with asset management capabilities. As of December 31, 2023, the company boasts a vast and impressive portfolio valued at €19.3 billion, showcasing large shopping centers across over 10 countries in Continental Europe. These centers are frequented by hundreds of millions of visitors annually, securing Klépierre SA's position at the forefront of the retail environment. The company asserts its dominance in Scandinavia through a controlling interest of 56.1% in Steen & Strøm, the region's premier shopping center owner and manager. Recognized as a French REIT (SIIC), Klépierre SA's shares are actively traded on Euronext Paris and are part of the prestigious CAC Next 20 and EPRA Euro Zone Indexes. Its dedication to sustainability and ethical business practices has earned it a place in high-standing ethical indexes such as the Euronext CAC 40 ESG, Euronext CAC SBT 1.5, MSCI Europe ESG Leaders, FTSE4Good, Euronext Vigeo Europe 120, further highlighted by its feature on CDP’s “A-list”. This recognition is a testament to the Group's proactive sustainable development policy and its leadership role in combating climate change.

Products and Services

• Shopping Malls in Continental Europe

Klépierre SA owns and manages an extensive array of large shopping centers located in more than 10 countries across Continental Europe. These centers are designed to offer a premium shopping experience, housing numerous retail outlets that cater to a wide range of consumer needs and preferences. The focus on strategic locations and visitor experience makes these malls some of the most visited retail destinations annually.

• Property Development and Asset Management

With a deep bench of expertise in both property development and asset management, Klépierre SA excels in creating value through the development of new retail spaces and the strategic management of its existing property portfolio. These efforts ensure the sustainability and profitability of its assets, benefiting stakeholders throughout the value chain.

• Controlling Stake in Steen & Strøm

Klépierre SA holds a significant controlling stake in Steen & Strøm (56.1%), solidifying its position as Scandinavia's leading shopping center owner and manager. This partnership underscores the company's strategic expansion and influence in the Nordic retail market, leveraging Steen & Strøm's local expertise and market presence.

• Sustainable Development Initiatives

Committed to a proactive approach towards sustainable development, Klépierre SA incorporates environmental, social, and governance (ESG) considerations into its business model and operations. This commitment is exemplified by its inclusion in various ethical indexes and distinctions, highlighting the Group's efforts in sustainable practices and its contribution to the global fight against climate change.