Norway

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A healthy economy and prosperous shopping centers

The 3 Scandinavian countries (Norway, Denmark and Sweden) are the second most important territory for Klépierre and are among the most dynamic in Europe.

Klépierre is looking to reinforce its presence in this region in the coming years. A large part of its pipeline is dedicated to the Scandinavian countries.

The newly extended Vinterbro shopping center, south east of Oslo, re opened in June 2013. Its clean design, 85 retailers, and a new façade that lets in natural light are just some of the features that made the revamped shopping center a success.

The Vinterbro shopping center has been redesigned to put the spotlight on its retailers, with all extensions carried out by Klépierre and its partners strivinge to achieve the highest level of quality. The Farmandstredet center in Tønsberg regained its original character after renovations were completed. This lively shopping center in the heart of town has become a popular place to meet and socialize, with cafés, shops and services attracting customers and boosting retail figures.

A favorable economic environment

Klépierre develops shopping centers in regions with promising purchasing power and demographic prospects for the years to come. This is the case in Norway which is one of Klépierre’s preferred regions, given its sustained economic growth (2.5%).

Steen & Strøm: encouraging local development

Steen & Strøm, the leading Scandinavian shopping center developer and a subsidiary in which Klépierre has a 56.1% stake, is regularly rewarded for its renovations. Steen & Strøm runs an ambitious investment policy to stimulate local development and imposes stringent standards, which are frequently recognized and recently rewarded.

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