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Klépierre Publishes its Revenue Figures

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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