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Klépierre — M&A Activity 2021
Dec 20, 2021
1464_iss_2021-12-20_e4e7eab3-e643-48d7-9cf7-c633a4aa2a62.pdf
M&A Activity
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PRESS RELEASE
KLÉPIERRE ANNOUNCES THE DISPOSALS OF 2 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 April 26, 2022
2021 full-year earnings (after market close) Annual General Meeting
INVESTOR RELATIONS CONTACTS
Arnaud Courtial, Group Head of IR and Financial Communication +33 (0)1 40 67 57 80 - [email protected] Paul Logerot, IR Manager +33 (0)1 40 67 53 02 - [email protected] Julia Croissant, IR Officer +33 (0)1 40 67 51 68 - [email protected]
MEDIA CONTACTS
Hélène Salmon, Group Head of Corporate and Internal Communications +33 (0)1 40 67 55 16 - [email protected]
Wandrille Clermontel, Taddeo +33 (0)6 33 05 48 50 - [email protected]
ABOUT KLÉPIERRE
Klépierre is the European leader in shopping malls, combining property development and asset management skills. The Company's Kiepierre is the European leader in shopping mails, combining property development and asset management skills. The Company's portfolio is valued at €21.5 billion at June 30, 2021, and company property developping centers
For more information, please visit the newsroom on our website: www.klepierre.com (solin Com
This press release is available in the "Publications section" of Klépierre's Finance page: www.klepierre.com/en/finance/publications
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