Klépierre acquires Casamassima mall in southern Italy

France-based Klépierre has purchased Casamassima, a buying centre successful the Bari metropolitan country of confederate Italy.

Financial presumption of the transaction, which was completed astatine the extremity of 2025, were not disclosed.

In a statement, Klépierre said: “The promenade records an yearly footfall of 7.5 million, with a loyalty complaint exceeding 90%, a testament to the asset’s unsocial marketplace presumption successful the catchment area.”

The plus forms portion of a wider retail and leisure destination successful the Apulia region, offering astir 100,000m² of space.

Its tenant basal includes Spazio Conad arsenic the nutrient anchor, alongside Leroy Merlin, Decathlon, MediaWorld, Sephora, Foot Locker and Rituals.

The tract besides features a flagship Zara store and the lone Primark operating successful the Apulia region. Other brands contiguous see Bershka, Stradivarius and Pull & Bear.

According to Klépierre, the acquisition supports its business-to-business strategy, which focuses connected facilitating the maturation of planetary category-focused retailers.

The institution said respective occupiers person already committed to expanding their footprint astatine the centre, including done the improvement of caller flagship formats.

Following the completion of the deal, Casamassima volition beryllium incorporated into Klepierre’s confederate European portfolio.

The institution plans to prioritise operational initiatives specified arsenic lease reversion, retenanting and the instauration of further promenade income streams.

Klépierre’s connection besides read: “By joining Klépierre, Casamassima volition payment from the starring promenade level successful confederate Europe, allowing it to heighten the operational show done reversion, retenanting and the instauration of promenade income.”

Klepierre expects the concern to present a precocious single-digit currency instrumentality successful its archetypal twelvemonth of ownership.

As of 30 June 2025, Klépierre's buying centre portfolio was valued astatine €20.6bn ($24bn).

The radical operates crossed much than 10 countries successful continental Europe, with its centres collectively receiving implicit 700 cardinal visitors each year.

"Klépierre acquires Casamassima promenade successful confederate Italy" was primitively created and published by Retail Insight Network, a GlobalData owned brand.

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