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Klépierre Publishes its Revenue Figures

  • 31.01.2005
The BNP Paribas Group's real estate subsidiary, Klépierre, has published its figures for business in 2004. Revenues totaled EUR 431.3 million and shopping center lease income rose by 19.4% to EUR 397.5 million.

This strong performance may be ascribed to the geographic breakdown of business (43% outside France) and to a dynamic combination of internal growth and an active acquisition policy.

In December Klépierre took advantage of historically low long-term interest rates to strengthen its interest-rate hedging.

On the basis of these results, Michel Clair, Chairman of Klépierre's Executive Board, expressed confidence in the company's ability to pursue its objectives in 2005.

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