Find in the news:
BY COUNTRY

France's largest mall operator loses a quarter of its revenues



France's largest mall owner Klepierre reported a 25% drop in net rental income in 2020.
Klepierre Le Prado

Klepierre, Europe's second-largest retail property owner after Amsterdam-listed Unibail, reported last year net income of 846.2 million euros ($1 billion). And that's down markedly from 1.13 billion euros a year earlier ($1.36 billion).

The losses involved restaurants, movie theaters, travel agencies, and a few bankrupt tenants. Klepierre is the main landlord for some of Europe's biggest retailers, including Inditex, H&M, and Sephora.

In France, Klepierre's largest market, retail sales fell 6 percent in 2020, after two lockdowns. It was eventually decided to refrain from the third, but major malls were suspended, causing the operator to have 88% of its space idle. The company also had some problems due to restrictions in Italy, Denmark, Germany, the Netherlands, Portugal, the Czech Republic, Spain, and Norway.

The company assumes that next year will be more successful than 2020 (assuming that they do not introduce a recent lockdown, which may occur in March). However, it will not reach the figures for 2019.

Carmila, France's second-largest mall operator, reported a 19% drop in net rental income in the first quarter of 2020.

More about shopping malls in France



DAY BEFORE YESTERDAY, Germany:
KaDeWe filed for insolvency at the end of January due to issues within Signa Group.
Apr 12, 2024, USA:
The Meeting Place spans approximately 256,000 square feet and includes Saluhall along with other offerings like Hej!Workshop.
Apr 11, 2024, China:
Lacoste has emerged victorious in its trademark infringement lawsuit against the Chinese brand Cartelo.
Apr 10, 2024, USA:
Coach has lodged a trademark infringement complaint against Gap Inc.
Apr 9, 2024, USA:
Retailer is set to expand its presence in the United States by opening stores in Texas and California.
Apr 5, 2024, Israel:
McDonald's reiterated its commitment to the Israeli market and ensuring favorable conditions for employees and customers.
Friend
and Follow
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Mall of Georgia GLA:1 786 000 SF
ADDRESS: 3333 Buford Dr, Buford, GA 30519-4913
USA . Buford
Mall of Georgia
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us