For immediate release – March 30, 2007

For immediate release – March 30, 2007
KLEMURS ACQUIRES A PORTFOLIO OF RETAIL PROPERTIES IN
FRANCE COVERING 21 800 M2
March 30, 2007 (Paris) – Klémurs today signed an agreement with the Belgian
investment firm Mitiska to acquire 14 retail assets located outside of several large
French metropolitan areas.
The Cap Nord real estate portfolio acquired in the deal features total floor area of
21 816 m2, divided into 22 fully occupied rental units. The largest retail tenant, Mondial
Moquette, generates about 58% of the total lease income. With about 40 retail outlets
nationwide in France, Mondial Moquette is one of France’s leading specialty retailers in
home floor layout and furnishings. The other tenants are major retailers that include
L’Univers du Sommeil (bedding), Gemo (ready-to-wear), Heytens (home decoration),
King Jouet (toys), Autour de Bébé (infant accessories), Jean Delatour (jewelry), Kiloutou
(equipment rental) and Animalis (pets and pet supplies). The 9-year leases with these
retail tenants are mostly set to expire in 2015.
The Cap Nord assets are integrated into retail zones of the first rank, primarily located
on the outskirts of large towns in the Northwest quadrant of France (Paris, Lille, Nantes,
Rennes, Le Mans), as well as outside the cities of Lyon, Clermont-Ferrand and Toulon. In
addition to a dynamic retail mix, they offer easy access and a scale that gives them
good visibility (1 500 m2 on average). Their appeal is also enhanced by their proximity
to leading consumer goods retailers and major shopping centers, in which Klépierre is
sometimes already an owner.
Cap Nord was acquired for 28.1 million euros. The appraised value of the real estate
assets is 37.2 million euros, for gross full-year rents estimated to be around 2.3 million
euros. Eight of the fourteen assets in the portfolio are held under finance leases.
Commenting on this acquisition, the Chairman of Klépierre’s Executive Board Michel Clair
noted: “The portfolio that Klémurs has just acquired contains assets with real potential.
All are located in heavily-prized retail locations and leased by quality names in retail with
good positioning in their respective markets. For Klémurs, this transaction confirms the
existence of a major source of high-quality retail property assets in addition to the
shopping centers in which Klépierre is involved, allowing the group to offer a global
response to the current needs of big retailers.”
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About Mitiska
Mitiska is a financial holding company that operates in the specialty retail sector. It is
listed on Euronext Brussels (ticker symbol MIT).
Mitiska focuses on original and innovative retail concepts, as well as retail support.
Mitiska’s goal is to help its retailers and management reach new phases in their
development.
As of December 31, 2006, Mitiska’s equity interests included the following retailers:
Brantano (shoes and accessories, 285 points of sale), AS Adventure (outdoor and
recreation, 44 points of sale), and Fun (toys and seasonal items, 22 outlets).
About Klémurs
A subsidiary of the Klépierre group, Klémurs is listed on Eurolist by Euronext Paris
(Compartment B). It was established to build a real estate portfolio originating primarily
in the outsourcing of real estate assets by large businesses in the retail sector
(restaurants, distribution, goods and services).
With the backing of the European development and management capability of Klépierre,
Klémurs is building long-term partnerships with retailers, offering them an optimal
solution for their real estate.
Klémurs is managed by Klépierre Conseil, chaired by Klépierre.
As of December 31, 2006, the value of its portfolio of holdings is 334 million euros.
Klémurs seeks to triple in size within three to five years.
For additional information, contact:
KLEMURS
Jean-Michel Gault
Member of the Board of
Klépierre
Tel: 01 40 67 35 05
KLEMURS
Caroline Fintz
Finance Department
Klépierre
Tel: 01 40 67 38 02
[email protected]
[email protected]
KEIMA COMMUNICATION
Emmanuel Dovergne
Tel: 01 56 43 44 63
[email protected]
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APPENDICES TO MARCH 30, 2006 PRESS RELEASE
CAP NORD ASSETS AT A GLANCE
LOCATION
FLOOR AREA (m2)
TENANT(S)
Mondial Moquette,
Univers du Sommeil
Franconville (95)
1 525
Orléans (45)
1 200
Mondial Moquette
Lille Englos (59) *
2 538
Mondial Moquette, Gemo
Nantes Rézé (44)
1 413
Mondial Moquette, Kiloutou,
Heytens
Le Mans (72)
1 331
Mondial Moquette
Valenciennes (59)
1 950
Mondial Moquette, Jean
Delatour, Heytens
Toulon Grand Var (83)
2 207
Animalis
Montesson (78)
535
Mondial Moquette
Chambray-les-Tours (37)
1 990
Mondial Moquette
Rouen St Etienne du Rouvray (76)
1 485
Mondial Moquette
Clermont-Ferrand (63)
1 446
King Jouet
Lyon Caluire (69)
1 516
King Jouet, Autour de bébé
Rennes St Grégoire (35)
1 500
Mondial Moquette
Creil St Maximin (60)
1 180
Mondial Moquette
TOTAL
21 816
* Including Mondial Moquette offices: 888 m2
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GEOGRAPHIC LOCATION OF CAP NORD ASSETS
Lille
(Englos)
Valenciennes
Rouen
Creil
Montesson
Franconville
Rennes
Le Mans
Orléans
Nantes
(Rézé)
Tours
(Chambray)
Lyon
(Caluire)
ClermontFerrand
Toulon
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