Klépierre, the European leader in shopping malls, inaugurates the extension of its Créteil Soleil shopping center, the flagship of its portfolio in France. This is the result of a major project that reflects the Group’s operational strategy and illustrates the evolution of French consumption habits.
Créteil Soleil opened in 1974 and has grown over the years to forge a close and trusting relationship with the inhabitants of Créteil and the surrounding towns. With 21 million visits each year, the pioneering shopping mall today enjoys a major position in the European portfolio of Klépierre and is ranked in the top five highest-performing shopping centers in France.
Klépierre wanted this 12,000 sq.m.-extension project to connect the shopping center directly to the Parisian metro, give the space occupied by cars back to pedestrians, and create a magnificent new facility that meets the ambition and the standards of excellence of our Group for its shopping malls.
Works began in January 2018 without interrupting activity in the mall. The extension unfolds in an glass canopy and 15 new restaurants along with an unprecedented “Food Avenue” almost 4,000 sq.m. in area, a location for special events and 6 new movie theaters of the latest generation, and 15 new exclusive brands. This is the first stage of an even bigger project that also includes a complete renovation of the existing shopping center planned to be completed by the end of 2020. The extension and renovation programs amount to an overall investment of approximately €170 million.
Jointly developed with retailers and customers to create a unique atmosphere, Créteil Soleil shopping mall gives pride of place to food and leisure activities, essential to meet the new needs and desires of today’s consumers.
|Créteil Soleil is located in the heart of the town of Créteil. The shopping center has been firmly anchored in the region since it opened. Thanks to the opening of new places dedicated to events and people, the mall will continue to work with local charities and further enhance its contribution to local life.|
Klépierre, the European leader in shopping malls, combines development, property and asset management skills. The company’s portfolio is valued at €24.0 billion at June 30, 2019 and comprises large shopping centers in 16 countries in Continental Europe which together host 1.1 billion visits per year. Klépierre holds a controlling stake in Steen & Strøm (56.1%), Scandinavia’s number one shopping center owner and manager. Klépierre is a French REIT (SIIC) listed on Euronext Paris and included in the CAC Next 20, EPRA Euro Zone and GPR 250 indexes. It is also included in ethical indexes, such as DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and figures in CDP’s “A-list”. These distinctions underscore the Group’s commitment to a proactive sustainable development policy and its global leadership in the fight against climate change.