Press Release
Paris, 2 December 2013
Icade sells to Klépierre its stake in Odysseum retail centre in Montpellier
Icade and Klépierre have reached an agreement whereby Klépierre is buying out Icade's 50% stake in the Odysseum shopping and leisure centre in Montpellier.
Opened in 2009, located just 15 minutes from Montpellier town centre and served by the city's tram network, this open air shopping and leisure centre houses more than 120 boutiques and restaurants over more than 50,000 m².
With this transaction, Icade is consolidating its strategy of refocussing its attention on offices and business parks in the Ile-de-France region. Klépierre becomes the sole owner of this major regional shopping centre, which it also manages.
About Icade:
Icade is a listed company, a subsidiary of the Caisse des Dépôts and a major player in Greater Paris. Its expertise in the various real-estate professions (investment, property development and services) allows it to provide comprehensive, sustainable and innovative solutions that are tailored to customer needs and the challenges of tomorrow's cities.
Contact:
Marianne de Battisti - Member of the Executive Committee, Head of Key Accounts, Institutional Relations and Communication +33 (0)1 4157 7030 - marianne.de.battisti@icade.fr
About Klépierre:
A leading shopping center property company in Europe, Klépierre combines development, rental, property and asset management skills.
Its portfolio is valued at 16.2 billion euros on June 30, 2013 and essentially comprises large shopping centers in 13 countries of Continental Europe. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia's number one shopping center owner and manager.
Klépierre's largest shareholders are Simon Property Group (28.9%), world leader in the shopping center industry, and BNP Paribas (21.9%).
Klépierre is a French REIT (SIIC) listed on Euronext ParisTM and is included into the SBF 80, EPRA Euro Zone and GPR 250 indexes. Klépierre is also included in several ethical indexes - DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, ASPI Euro Zone, Euronext Vigeo Eurozone 120 - and is a member of both Ethibel Excellence and Ethibel Pioneer investment registers. Klépierre is also ranked as a Green Star by GRESB (Global Real Estate Sustainability Benchmark). These distinctions mark the Group's commitment to a voluntary sustainable development policy.
For more information, visit our website: www.klepierre.com
CONTACT
Vanessa Fricano - Head of Investor Relations and Financial Information +33 (0)1 4067 5224 - vanessa.fricano@klepierre.com
Isabelle Laurent (Press Relations) - +33 (0)1 5332 6151 - isabelle.laurent@ddbfinancial.fr
