KLÉPIERRE: S&P INCREASES KLÉPIERRE’S OUTLOOK TO POSITIVE AFTER THE ROMAEST ACQUISITION
May 27 2024 - 10:45AM
KLÉPIERRE: S&P INCREASES KLÉPIERRE’S OUTLOOK TO POSITIVE AFTER
THE ROMAEST ACQUISITION
PRESS RELEASE
S&P INCREASES KLÉPIERRE’S OUTLOOK TO POSITIVE
AFTER THE ROMAEST ACQUISITION
Paris — May 27, 2024
Klépierre, the European leader in shopping
malls, today announces the closing of the acquisition of RomaEst,
one of the largest malls in Rome. With a 10 million footfall, it is
the 6th most visited center in Italy. Strategically located in a
catchment area of 2.2 million consumers, this 97,000 sq.m. GLA
scheme is one of the leading retail and entertainment destinations
in Italy with 214 national and international banners like Inditex,
Primark, JD Sports, Sephora, New Yorker, Mango, H&M…This is
Klépierre’s second external growth transaction of the year and a
further stage of the Group’s strategy to strengthen the portfolio
while generating additional net cash flow.
Concurrently to this acquisition and assuming
Klépierre’s capacity to make further opportunistic acquisitions
with high cash returns, S&P has increased Klépierre’s outlook
from stable to positive. At the same time, S&P has revised
upwards its assessment of Klépierre’s liquidity profile, from
‘Adequate’ to ‘Strong’.
On May 24, 2024, Fitch confirmed its ‘A-’ rating
with a stable outlook on Klépierre’s senior unsecured debt.
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AGENDA |
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July 09, 2024 July 10,
2024July 11, 2024July 31,
2024October 23, 2024 |
Ex-dividend date for the final dividend paymentRecord date for the
final dividend paymentFinal dividend paymentFirst-half 2024
earnings (before market opening)Trading update for the first nine
months of 2024 (before market opening) |
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INVESTOR RELATIONS CONTACTS |
MEDIA CONTACTS |
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Paul Logerot, Group Head of IR and Financial
Communications +33 (0)7 50 66 05 63 —
paul.logerot@klepierre.comHugo Martins, IR Manager +33 (0)7 72 11
63 24 — hugo.martins@klepierre.comTanguy
Phelippeau, IR Manager +33 (0)7 72 09 29 57
—tanguy.phelippeau@klepierre.com |
Hélène Salmon, Group Head of Communications +33 (0)6 43 41 97 18 –
helene.salmon@klepierre.com Wandrille Clermontel, Taddeo +33
(0)6 33 05 48 50 – teamklepierre@taddeo.fr |
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ABOUT KLÉPIERRE
Klépierre is the European leader in shopping
malls, combining property development and asset management skills.
The Company’s portfolio is valued at €19.3 billion at December
31, 2023, and comprises large shopping centers in more than 10
countries in Continental Europe which together host hundreds of
millions of visitors per year. Klépierre holds a controlling stake
in Steen & Strøm (56.1%), Scandinavia’s number one shopping
center owner and manager. Klépierre is a French REIT (SIIC) listed
on Euronext Paris and is included in the CAC Next 20 and EPRA Euro
Zone Indexes. It is also included in ethical indexes, such as
Euronext CAC 40 ESG, Euronext CAC SBT 1.5, MSCI Europe ESG Leaders,
FTSE4Good, Euronext Vigeo Europe 120, and features in CDP’s
“A-list”. These distinctions underscore the Group’s commitment to a
proactive sustainable development policy and its global leadership
in the fight against climate change. For more information, please
visit the newsroom on our website: www.klepierre.com
This press release is available in the
“Publications section” of Klépierre’s Finance page:
www.klepierre.com/en/finance/publications
- PR_KLEPIERRE_RomaEst_Acquisition_Positive_S&P_Rating
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