Bloomberg News

Klepierre Looks to Simon Property to Boost Malls

April 11, 2012

Simon Property Group Inc.’s cutting-edge experience as the biggest U.S. mall owner will help Klepierre SA boost rental income at its shopping centers, the French company’s chief executive officer said.

Simon became the biggest shareholder in Klepierre, Europe’s second-largest publicly traded mall operator by value, last week after the Indianapolis-based company bought a 28.7 percent stake for about 1.5 billion euros ($2 billion). (Source: Bloomberg)

Running Time: 02:07


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