Decent turnover growth for French real estate giant Klépierre | RetailDetail

Decent turnover growth for French real estate giant Klépierre

Decent turnover growth for French real estate giant Klépierre

French real estate company Klépierre, which recently acquired Dutch Corio, has managed a higher turnover in the first six months of 2015 compared to the first six months of 2014, leading to a higher profit per share forecast.

Higher rental income

In the first half of 2015, Klépierre's turnover grew from 477.7 million euro to 654.4 million euro, mainly thanks to higher rental income which grew from 398.7 million euro to 525.2 million euro. Its recent Corio acquisition was a major contributor to this increase.


The group's proposed profit per share was increased a bit in light of these positive results. Previously, it had forecast a 2.10 to 2.15 euro profit per share, but it now expects it to be near the upper part of that range. The total value of its real estate portfolio is estimated to be 21.9 billion euro.


Near the end of the first quarter, the French company acquired Dutch Corio and it is said that its integration is going smoothly, with several synergy advantages already in place. Thanks to the acquisition, Klépierre is now Europe's largest retail real estate company.

Questions or comments? Please feel free to contact the editors

Westfield is Europe's largest shopping center thanks to extension


The Westfield shopping center in West London is now Europe’s largest after its 68,748 sqm addition was put to use, six months ahead of schedule.

Amazon targets Toys 'R' Us stores


Amazon is apparently interested in several of bankrupt Toys ‘R’ Us’ stores, because their locations and stores would fit Amazon’s own retail formulas.

Banimmo sells French retail real estate division


Belgian listed real estate developer Banimmo sold its French subsidiary, which specialized in retail real estate transformation. It has been sold to help lower the parent company’s debt.

Real estate firm Unibail-Rodamco happy with fiscal year


French-Dutch real estate company Unibail-Rodamco, which mainly invests in shopping centers, is happy with its performance in the past fiscal year.

Hudson's Bay defends itself and adds cheaper brands


Hudson's Bay is on track in the Netherlands, the company’s marketing director Edo Beukema states after a lot of criticism. He says there is no truth to the rumour the department store chain is planning to leave, but it will adjust its marketing approach and pricing.

Unibail-Rodamco acquires competitor Westfield


Unibail-Rodamco acquired its competitor Westfield for 14 billion euro and will gain control over 35 shopping center (33 in the United States). The resulting company will become the world’s largest real estate company.  

Back to top