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.
For further information: www.klepierre.com
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.
For further information: www.klepierre.com