Klépierre: KLÉPIERRE ANNOUNCES THE DISPOSALS OF 2 RETAIL ASSETS FOR €345M
December 20 2021 - 1:30AM
Klépierre: KLÉPIERRE ANNOUNCES THE DISPOSALS OF 2 RETAIL ASSETS FOR
€345M
PRESS RELEASE
KLÉPIERRE ANNOUNCESTHE DISPOSALS OF2 RETAIL
ASSETS FOR €345M
Paris — December 20, 2021
Klépierre, the European leader in shopping
malls, closed by the end of last week, the disposals of
2 retail assets:
- Boulevard Berlin (Klépierre equity
interest: 95%), a shopping mall with c. 100 retail
units anchored by Karstadt, H&M, Zara, Media Saturn and both
supermarkets Edeka & Karstadt Perfetto, located in Schloßstraße
in Berlin (Germany). Following the sale of the mall, Klépierre will
continue to do facility and property management of the asset;
- A retail park with
22 retail units (Klépierre equity interest: 71%) in Bordeaux
in France.
The total consideration amounts to
€345 million (Total share – excluding transfer duties), 3%
above appraised values as of June 30, 2021 and in line with
appraised values as of December 31, 2020, implying
a blended EPRA Net Initial Yield of 5.1%.
Since January 1, 2021,
€502 million (Total share – excluding transfer duties) worth
of disposals had been completed. Adding in today’s operations, the
total amount of disposals reaches €847 million (Total share –
excluding transfer duties) at a blended EPRA Net Initial Yield of
5.4%.
AGENDA |
|
February 16, 2022 |
2021 full-year earnings (after market close) |
April 26, 2022 |
Annual General Meeting |
INVESTOR RELATIONS CONTACTS |
MEDIA
CONTACTS |
|
Arnaud Courtial,
Group Head of IR and Financial Communication+33 (0)1 40 67 57
80 — arnaud.courtial@klepierre.comPaul
Logerot, IR Manager +33 (0)1 40 67 53 02 —
paul.logerot@klepierre.comJulia Croissant, IR
Officer+33 (0)1 40 67 51 68 — julia.croissant@klepierre.com |
Hélène Salmon, Group Head of Corporate and Internal Communications
+33 (0)1 40 67 55 16 – helene.salmon@klepierre.com Wandrille
Clermontel, Taddeo +33 (0)6 33 05 48 50 –
teamklepierre@taddeo.fr |
|
ABOUT KLÉPIERRE
Klépierre is the European leader in shopping
malls, combining property development and asset management skills.
The Company’s portfolio is valued at €21.5 billion at June 30,
2021, and comprises large shopping centers in more than 10
countries in Continental Europe which together host hundreds of
millions of 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 is included in the CAC Next 20 and EPRA Euro
Zone Indexes. It is also included in ethical indexes, such as
Euronext CAC 40 ESG, MSCI Europe ESG Leaders, FTSE4Good, Euronext
Vigeo Europe 120, and features in CDP’s “A-list”. These
distinctions underscore the Group’s commitment to a proactive
sustainable development policy and its global leadership in the
fight against climate change. For more information, please visit
the newsroom on our website: www.klepierre.com
This press release is available in the
“Publications section” of Klépierre’s Finance page:
www.klepierre.com/en/finance/publications
- PR_KLEPIERRE_2021_DISPOSALS
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