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Klépierre well armed for the post-Covid era

2021-05-26T19:41:13.891Z

With little debt compared to its competitors, with attractive shopping centers, the property company is optimistic for the recovery.



The doors of the 45 French shopping centers in Klépierre reopened on May 19, this time at the same time as all the shops.

Over the past twelve months, the property's establishments will have been closed for six months.

Its accounts suffered: the company suffered a loss of 250 million euros in rental income in 2020 - and received 1 million euros in aid.

"It is our contribution to this crisis",

philosopher Jean-Marc Jestin, the president of the management board of the company.

But today, despite the accelerated breakthrough of e-commerce that threatens physical stores, he sees the future of real estate with optimism.

Read also:

Shops are full of customers for their reopening

Like its rival Unibail (URW), Klépierre has refocused its portfolio in recent years on its largest shopping centers (its French centers are 56,000 m2 on average).

Of the 330 shopping malls he owned, 200 have been sold since 2012, at the instigation of his boss.

Klépierre intends to continue selling it, to finance the renovation and

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Source: lefigaro

All business articles on 2021-05-26

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