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



TODAY, USA:
More than 100 stores will open by the end of 2021, including a new experimental concept.
DAY BEFORE YESTERDAY, USA:
The center is scheduled to open in the first quarter of next 2021.
DAY BEFORE YESTERDAY, USA:
The deal was one of the largest ever in the private apparel segment.
Oct 14, 2021, USA:
U.S. company Macerich is changing the rules for short-term rentals.
Oct 14, 2021, USA:
The White House issued a statement warning citizens about possible food supply disruptions.
Oct 13, 2021, France:
No deal of the century: Auchan rejected the purchase of Carrefour
Friend
and Follow
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo


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