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KLÉPIERRE – NOTICE OF MEETING – GENERAL MEETING OF APRIL 19, 2016
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Klépierre in 2015
A year of major strategic moves
Solidoperatingperformances
Successful integration of Corio with cost synergies
exceeding initial target
On January 8, 2015, Corio’s 7 billion euro portfolio was integrated with and
into Klépierre’s, adding a large number of irreplaceable shopping centers to
Klépierre’s property portfolio and enhancing its coverage of Europe’s most
dynamic cities to bring its total value to 22.1 billion euros (excluding duties).
The integration was rapidly carried out and led to the delivery of 34 million
euros in cost synergies in 2015 (19 million euros in financing synergies and
15 million euros in general and administration cost synergies), expected to reach
67 million euros
in 2017.
01 • Créteil Soleil
Parisregion,France
02 • Val d’Europe
Parisregion,France
03 • St.Lazare Paris
Paris,France
04 • Grand Littoral
Marseille,France
05 • Blagnac
Toulouse,France
06 • Rives d’Arcins
Bordeaux,France
13 • Emporia
Malmö,Sweden
14 • La Gavia
Madrid,Spain
15 • Plenilunio
Madrid,Spain
16 • Nový Smìchov
Prague,
CzechRepublic
17 • Hoog
Catharijne
Utrecht,TheNetherlands
18 • Boulevard Berlin
Berlin,Germany
07 • L’esplanade
Brusselsregion,
Belgium
08 • Porta di Roma
Rome,Italy
09 • Le Gru
Turin,Italy
10 • Campania
Naples,Italy
11 • Field’s
Copenhagen,
Denmark
12 • Bruun’s Galleri
Århus,Denmark
Klépierre shopping centers offer access
to circa 150million customers in themost
dynamic retail consumption areas.
Leading centers
in Continental Europe
Retailer sales: +4.4% over full-year 2015
Like-for-like
(1)
retailer saleswere strong inKlépierre shopping centers and rose
by 4.4% in 2015 compared to 2014 (+3.8% like-for-like excluding extensions).
Retailer sales outperformed national indices in most countries.
In
France-Belgium
, retailer sales grew by 2%, mainly driven by sound
performances from retailers that have reformatted and refurbished their
stores, further re-tenanting campaigns, and the introductionof category-killer
brands to each segment of the tenant mix. French malls outperformed the
national sales index (CNCC) by 200 bps over the first 11 months of the year.
(1) Retailersalesperformancehasbeenrestated, i.e.,assumingthattheCorioandthePlenilunioacquisitionsoccurredonJanuary1,2014.Changeexcludesthe impactofassetsales,acquisitionsandnewcentersopenedsinceJanuary1,2014.Retailersales
fromtheDutchportfolioarenot included inthesenumbersasretailersdonotreportsalestoKlépierre.