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2004 Earnings: Klépierre confirms its growth value profile

Klépierre's benchmark indicators recorded double-digit growth during 2004.
The group has notched strong growth for the fourth consecutive year since the implementation of its strategic refocus on shopping centers in July 2000, clearly confirming the stability, in the medium term, of its shoppingcenter intensive growth model.

Undeniably, Klépierre is reaping the benefits of the increasingly strong attractiveness of shopping centers to European consumers, especially in the countries in which it operates.

This structural phenomenon is encouraging a growing number of retail anchors to seek out shopping center locations.
The diversity of the formats, quality and geographical spread of its property portfolio helps the group profit from the best consumer trends, while ensuring low sensitivity to general economic downturns.

Its strong European footprint, growing reputation, and partner network guarantee Klépierre an expanding and diversified source of external growth.

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