Klepierre plans IPO for Klemurs unit

Klepierre, the French real estate group, has announced plans to list its Klemurs subsidiary on Euronext Paris. Klemurs' portfolio comprises a retail property leased by department store BHV in the 19th arrondissement (district) of Paris, a retail space leased to Truffaut in the 13th arrondissement and a group of stores in the north-western city of Rouen. While these assets are not considered to be very significant, Klemurs is to act for Klépierre as the buyer of 129 Buffalo Grill restaurants before the end of the year.

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