Klépierre, the leading pure play in real estate shopping malls in Europe, announces the appointment of Michaël Farbos as Director of the development Group ; he will commence his duties on may 29. It will in particular be in charge of the development and the optimization of the pipeline of projects of Klépierre in identifying new opportunities, both for renovation and extension of existing malls as of new projects, greenfield. He will report directly to the executive Board of Klépierre, and be a member of the management team of the Group.
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Michaël Farbos began his career in 2003 within the group Unibail as in Charge of operations and then Director of operations assistant in 2004. In this capacity, he was responsible for asset management operational, in charge of the follow-up of major projects of renovation and restructuring, such as Vélizy 2 and Nice Star. In 2006, he joined Hammerson as Manager of Investments, and deputy Director of investment and asset management in 2010 before being promoted in 2013, Director of investments, asset management and development. In recent functions, he has steered the activities of acquisition and disposal of assets as well as the development of projects greenfield and brownfield such as the Terraces of The Port in Marseille. Michaël Farbos, 36 years old, was a graduate of the École Centrale Paris in 2003.
“I am pleased and excited to welcome Michaël Farbos within the management team of Klépierre. I know that he will put all his talent, his energy and his extensive experience in commercial real estate in the pilotage service of our pipeline and pan-european in order to accelerate the creation of value for our shareholders and all our stakeholders, ” said Jean-Marc Jestin, chairman of the Board of Klépierre.
ABOUT KLÉPIERRE
Leading pure-play real estate trade centers in Europe, Klépierre combines expertise in terms of development, rental management and asset management. The company’s portfolio is estimated at € 22.8 billion as at December 31, 2016, and major shopping centers in 16 countries in continental Europe, which are home to a total of 1.1 billion visitors per year. Klépierre holds a controlling interest (56.1 per cent) in Steen & Strøm, 1st land scandinavian shopping centers. Klépierre is a real estate investment Company listed (SIIC), whose shares are admitted to trading on Euronext Paris, and is a member of the following indices: CAC Next 20, EPRA Euro Zone and GPR 250. She is also a member of the indices of the ethical, such as the DJSI World and Europe, FTSE4Good, STOXX® Global ESG Leaders, Euronext Vigeo France 20 and World 120, and is also classified Green Star by GRESB (Global Real Estate Sustainability Benchmark). This presence underlines the Group’s commitment to an active approach to sustainable development.
For more information, please visit our website : www.klepierre.com
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