Klépierre S.A. is a French real estate investment trust (REIT) and Europe’s second-biggest publicly traded mall operator.

[4] The company’s largest shareholders are Simon Property Group, which owns 20.3% of the shares, and APG (13.1%), a Netherlands-based pension fund.

Klepierre shares are listed on Euronext Paris and is a member of the CAC Next 20 index of French companies.

Through this transaction Klépierre acquired a 7 billion euro shopping center portfolio with strategic positions in the Netherlands, France, Italy, Germany, Spain and Turkey.

[8] The company focuses on urban centers that are going through rapid demographic change and that are well integrated with local infrastructure.