Large shopping centers benefit from the recovery

by time news

The observed rebound concerns all sectors, from clothing to household equipment, with the exception of cinema, which is lagging behind. 512864110/Timon – stock.adobe.com

ANALYSIS – Like Unibail, Klépierre has turned the page on Covid. The vacancy has ended and the activity has resumed.

Particularly penalized by the Covid pandemic, large shopping centers have also benefited more from the return of French people to stores. Like Unibail-Rodamco-Westfield, Klépierre turned the page on the health crisis last year, once again attracting consumers and merchants. The owner of the Créteil Soleil, Belle Épine and Val d’Europe centers is pleased to have returned to the same or higher level of activity at the end of 2022 than 2019 in almost all the countries where it operates.

«We had an excellent year in 2022, which puts an end to the doubts that may have been expressed about the resilience of our modelsays Jean-Marc Jestin, chairman of the Klépierre management board. From April, the rebound in the turnover of our retailers is particularly marked. Customers come back to the stores to shop as before, it’s a source of satisfaction.” The observed rebound concerns all sectors, from clothing to equipment…

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