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December 02, 2015 12:13 AM ET

Real Estate Investment Trusts (REITs)

Company Overview of Klémurs S.A.

Company Overview

Klemurs, together with its subsidiaries, operates as a property investment company in France. The company owns and manages retail property assets. Its property portfolio primarily includes stand-alone assets or structured retail parks integrated within suburban retail areas. It also owns storefront properties in downtown areas. In addition, the company provides support services for retail development projects. As of December 31, 2008, it owned a property portfolio of 307 assets. The company was founded in 1998 and is based in Paris, France.

21 avenue Kléber

Paris,  75116


Founded in 1998


33 1 40 67 57 40


33 1 40 67 55 62

Key Executives for Klémurs S.A.

Chairman of the Executive Board of Klépierre
Age: 52
Compensation as of Fiscal Year 2015.

Klémurs S.A. Key Developments

Klémurs Looking To Sell Assets

Klémurs S.A. is looking for selling assets. Chief Executive Officer of Klepierre SA (ENXTPA:LI), Laurent Morel said, “Well when it comes to Klemurs, of course we will sell those assets. We have a few deals underway. I have in mind a deal of around 30 million that is going on. Close to valuation, at valuation so its okay. But it is a bit early to say. Yes, we are marketing this portfolio actively. We are confident we can find buyers for those very good French retail assets. We are not in an urgency, but we do it very constantly. So that is the bulk of what we still have for sale, I would say. In addition to that, you will still find here and there in the portfolio of Klepierre some assets that are not bad assets, but could be replaced by better ones. So going forward, it will be a question of, do we have better opportunities; and if we have better opportunities in development or in acquisition, we may consider to sell some of our assets as well.”

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