Klépierre

A real estate investment company listed on the Eurolist by Euronext Paris (TM), Klépierre develops, owns and manages shopping centres in 10 European countries, mainly France, Spain and Italy. Over 43% of Klépierre’s business is conducted outside France.

Klépierre is active in the externalisation of major groups’ real-estate of through its listed subsidiary Klémurs (at 84.1%).

Klépierre also owns and manages high quality office premises located in Paris and its inner suburbs. Office management is a secondary activity resulting from strategic opportunities arising in the course of market cycles.

Its property assets totalled EUR 11.3 billion at year-end, of which more than 86% consisted of shopping centres with the remaining 10% made up of offices.

Ségécé, Klépierre's subsidiary

Klépierre’s success in its shopping centre activity is supported by the centralised development and management capabilities of its fully-owned subsidiary Ségécé that manages 342 shopping centres – 240 of which belong to Klépierre – through a network of 8 subsidiaries. Ségécé is continental Europe’s no. 1 manager of shopping centres.
www.segece.com

Focus on major events

• Good business level in 2007 allows Klépierre to look ahead to 2008 with confidence.
• The Klépierre Group once again experienced sustained revenue growth in 2007, attributable to well-managed organic growth, the development of new, high-quality shopping centers, and the deployment of the retail business in late 2006 via Klémurs.