2月27日，据"合生商业"消息，在今年的春节档期，合生商业携手YSL、周大福、波司登、烤匠等战略 品牌打造"新春品牌周"，助力经营"开门红"。 2月15日至2月23日，全国5座城市、15个购物中心联动共创，实现销售额突破6.2亿元，客流量超470万 人次。全国范围内餐饮业态、潮玩零售业态、运动零售业态等大幅度提升，涌现出销冠商户数近200 个，消费活力蓬勃绽放。 客流量超470万人次。 ...

PRESS RELEASE KLÉPIERRE ANNOUNCESCHANGES TO ITSSUPERVISORY BOARD Paris — February 20, 2026 Klépierre announces that Mr. David Simon has concluded his tenure as Chairman and member of the Supervisory Board. The Supervisory Board and Executive Board extend their sincere appreciation to Mr. Simon for his exceptional leadership and strategic insight during his fourteen years at the helm of the Supervisory Board. Effective immediately, the Vice-Chairwoman will serve as interim Chair of the Supervisory Board, whi ...

Core Insights - Klépierre reported a 5% increase in earnings and a 9% rise in NAV for 2025, expressing confidence for 2026 [1][2][19] Financial Performance - Net current cash flow increased by 5% year-on-year to €2.72 per share, surpassing previous guidance [3][6] - EBITDA reached €1,119.3 million, up 5.5% year-on-year [3][6] - NAV per share rose by 9% to €35.9, driven by a 4.9% like-for-like portfolio value appreciation [7][10] - Total accounting return was 15% for 2025, with a cumulative return of 31.4% over the last two years [7][8] Operational Highlights - Net rental income grew by 5.1% year-on-year to €1,120.4 million, supported by a 4.5% like-for-like growth [5][24] - Footfall increased by 1.8% and like-for-like retailer sales rose by 3.4%, outperforming national retail sales indices [2][3] - Financial occupancy rate improved to 97.1%, with a rental uplift of 4.6% [3][4] Capital Allocation and Investments - Klépierre raised €1 billion in new financing at a competitive yield of 3.3% with an average maturity of 8.5 years [9][10] - The company acquired the leading mall in Bari for €160 million, expected to generate high-single digit cash returns [11][19] - Extensions at Odysseum and new projects at Le Gru and Romagna are projected to yield above 8% [12][19] Sustainability and Governance - Klépierre aims for net-zero on scopes 1 and 2 by 2030, with significant improvements in energy intensity and waste management [14][15] - The company was recognized for its sustainability efforts, ranking first in the European Listed Real Estate category by GRESB [16][17] - Governance changes include the planned appointment of Ludovic Jacquot to the Supervisory Board [20][21]

新春佳节，昆明恒隆广场精心策划了一系列精彩纷呈的特色活动与多重礼遇，为市民及游客打造一场融 合文化底蕴与沉浸体验的新春盛宴。 自1月底起，昆明恒隆广场一系列富有文化韵味和节日气息的线下互动活动陆续登场。"66恒隆广场"亦 携手艺术家，共同推出 "隆马新程"创意视频，以独特的艺术视角开启新春，带领消费者踏上充满创意 与多元体验的全新旅程。除了线下互动装置外，昆明恒隆广场还推出了象征新年好运的 "隆马开运"抽 签小程序，增添更多趣味与互动，让消费者在享受节庆氛围的同时，收获新春祝福与好运。 随着马年春节到来，集餐饮、购物、娱乐等功能于一体的昆明各大商业综合体，也迎来了自己的"高光 时刻"。今年春节，各大商场不再满足于传统的促销打折，而是纷纷推出"新玩法"：沉浸式民俗体验、 创意互动装置、艺术展览与超值礼遇交织，以一系列精心策划、好玩吸睛又诚意满满的主题活动"揽客 入怀"。传统年俗邂逅时尚创意，文化体验叠加实在优惠，为市民与游客奉上一场融合了趣味、温情与 实惠的节日盛宴，重绘昆明人的节日休闲图景。 化身年味新主场 年味新图景，消费新活力。从"商品消费"向"服务消费""体验消费"延伸，如今昆明的商业综合体，不再 局限 ...

Core Insights - Klépierre is a leading European shopping mall operator, focusing exclusively on continental Europe, with a portfolio valued at €20.6 billion as of June 30, 2025 [4] - The company operates large shopping centers across more than 10 countries, attracting over 700 million visitors annually [4] - Klépierre is listed on Euronext Paris and is part of various indexes, including CAC Next 20 and EPRA Euro Zone, highlighting its market significance [4] Share and Voting Rights Information - As of January 31, 2026, Klépierre has a total of 286,861,172 shares and 286,861,172 theoretical voting rights [2][6] - The number of exercisable voting rights is 286,299,415, indicating a small number of shares are deprived of voting rights [2][6] Upcoming Events - Klépierre has scheduled key events including the release of 2025 full-year earnings on May 7, 2026, and the first-quarter 2026 trading update on the same day [3] - The Annual General Meeting is also set for May 7, 2026, providing an opportunity for shareholder engagement [3]

Core Insights - The South Ming District is experiencing a surge in consumer activity, with key commercial areas like the train station and Huaguoyuan projected to attract over 100 million visitors and generate sales of 5.015 billion yuan in 2025, indicating a significant upgrade in regional consumption [1] - The Guizhou Vientiane City and Dolphin Plaza are leading the way in attracting foot traffic and sales, serving as core engines for revitalizing urban consumption and driving consumption upgrades [1] Group 1: Consumer Activity and Sales Performance - During the 2025 Mid-Autumn and National Day holidays, monitored shopping centers and supermarkets in the area achieved sales of 299 million yuan, reflecting a year-on-year growth of 17.8% [3] - On New Year's Eve, Vientiane City and Dolphin Plaza saw a peak of over 500,000 visitors in a single day, showcasing the vibrant commercial activity in South Ming [3] - In the fourth quarter of 2025, Vientiane City received 27 million visitors and generated sales of 2.4 billion yuan, while Dolphin Plaza attracted 25 million visitors with sales of 1.2 billion yuan, highlighting their competitive edge in the market [4] Group 2: New Business Models and Experiences - The introduction of new business formats and experiences, such as the first indoor all-category climbing gym in Guizhou, is enhancing consumer engagement and driving foot traffic [7] - Vientiane City has strategically introduced popular dining options like Domino's Pizza and other unique brands, while Dolphin Plaza focuses on attracting younger consumers with distinctive offerings [7] - The number of new stores increased from 240 in 2024 to 59 in 2025, indicating a growing trend in the "first store economy" that is reshaping the regional consumption landscape [7] Group 3: Diverse Consumer Experiences - Shopping centers in South Ming are evolving from mere retail spaces to comprehensive lifestyle experience centers, integrating shopping, entertainment, culture, and experiential activities [10] - Seasonal and thematic events, such as the "Ice Realm" display at Dolphin Plaza, are attracting significant public interest and enhancing the shopping experience [10] - Various activities, including themed markets and interactive performances, are being organized to maintain consumer engagement and promote a vibrant shopping atmosphere [10] Group 4: Future Outlook - The transformation of Vientiane City and Dolphin Plaza into dual cores for the South Ming District is driving a shift from material satisfaction to spiritual enjoyment in consumer behavior [11] - The ongoing introduction of new business formats, scenes, and brands is expected to sustain the commercial vitality of South Ming, contributing to high-quality regional economic development [11]

上周逛上海比斯特的时候，我意外发现了一个很有意思的变化——设计师买手店BLOCK居然开到了这里，全场3折起还叠加满减活动。 在我过去的印象里，这类买手店以往大多扎根在城市核心商圈，很少涉足奥莱赛道。 品牌的风向，代表着市场的变化。这两年奥莱的热度确实肉眼可见地攀升。周末去任何一家热门奥莱，停车场都得排队，年轻人拿着奶茶在潮牌店外打 卡，家庭客群推着婴儿车穿梭在餐饮区和儿童乐园，完全不是过去印象里只有阿姨辈淘货的模样。 数据显示，2021-2025年，中国奥特莱斯行业总销售额从约1,260亿元攀升至2,480亿元，五年间几乎翻了一倍。更是在市场波动期，展现出了极强的抗周期 韧性。 在数据暴涨的背后，奥莱也正在发生肉眼可见的变化——变得更像购物中心，也更像消费者的周末休闲目的地。 奥莱正在"武力升级" 仔细看这两年的奥莱，最直观的改变是业态边界被不断打破，从过去的零售独大，变成了全业态融合的消费场景。 北京湾里奥莱与万象滨海购物村 | 来源：小红书@商业企划圈/@yue 放在几年前，去奥莱的目的很明确：买折扣服装、鞋包，逛完就走，全程几乎没有其他消费环节。而如今，"一站式"和"全业态"成为了奥莱的新方向。首 先是 ...

Core Viewpoint - Klépierre, a leading European shopping mall operator, has reported its total number of shares and voting rights as of December 31, 2025, highlighting its significant market presence and commitment to sustainable development [2][4]. Group 1: Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [4]. - The company's portfolio is valued at €20.6 billion as of June 30, 2025, comprising large shopping centers across more than 10 countries in continental Europe [4]. - Klépierre attracts over 700 million visitors annually to its shopping centers [4]. - The company is a French REIT (SIIC) listed on Euronext Paris and is included in the CAC Next 20 and EPRA Euro Zone Indexes [4]. - Klépierre is recognized in various ethical indexes, including CAC SBT 1.5, MSCI Europe ESG Leaders, and FTSE4Good, reflecting its commitment to sustainable development and climate change initiatives [4]. Group 2: Voting Rights and Shares - As of December 31, 2025, Klépierre has a total of 286,861,172 shares [2]. - The theoretical voting rights correspond to the total number of voting rights attached to all shares, which is also 286,861,172 [6]. - The number of exercisable voting rights is 286,360,353, accounting for shares deprived of voting rights [6].

Group 1 - The consumption market in Wuhan Economic Development Zone became lively during the New Year holiday, attracting many citizens to shop in the Chegu business district [1] - Wuhan Fushan Outlets welcomed 136,000 visitors and achieved sales of 24 million yuan during the three-day New Year holiday [3] - Various events such as the Huawei Star Wish Party and dance performances were held at Wuhan Wanda Plaza, drawing significant crowds and creating a festive atmosphere [4] Group 2 - The Business Bureau of Wuhan Economic Development Zone guided commercial complexes like Wuhan Fushan Outlets and Wuhan Wanda Plaza to host cultural and commercial activities, offering discounts and lottery draws to attract customers [6] - Wuhan Wanda Plaza reported sales exceeding 10 million yuan during the three-day holiday [7]

Core Viewpoint - Klépierre has acquired the Casamassima shopping center in the Bari metropolitan area of southern Italy, enhancing its retail portfolio in southern Europe [1][4]. Group 1: Acquisition Details - The financial terms of the transaction were not disclosed, and the acquisition was completed at the end of 2025 [1]. - Casamassima shopping center records an annual footfall of 7.5 million with a loyalty rate exceeding 90%, indicating its strong market position [1]. - The shopping center is part of a larger retail and leisure destination in the Apulia region, offering approximately 100,000 square meters of space [1]. Group 2: Tenant Base and Strategy - The tenant base includes major brands such as Spazio Conad, Leroy Merlin, Decathlon, MediaWorld, Sephora, Foot Locker, and Rituals, along with a flagship Zara store and the only Primark in the Apulia region [2]. - The acquisition supports Klépierre's business-to-business strategy, focusing on the growth of international category-focused retailers [2]. Group 3: Future Plans and Expectations - Several occupiers have committed to expanding their presence at the center, including the development of new flagship formats [3]. - Following the acquisition, Casamassima will be integrated into Klépierre's southern European portfolio, with a focus on operational initiatives such as lease reversion and retenanting [3][4]. - Klépierre expects the investment to yield a high single-digit cash return in its first year of ownership [4]. - As of June 30, 2025, Klépierre's shopping center portfolio was valued at €20.6 billion ($24 billion) [4].