PARIS, April 23 Klepierre reported a
0.3 percent dip in first-quarter revenues as rents declined
after the French real-estate group disposed of 126 shopping
malls in Europe and office buildings in Paris.
Overall revenues totalled 256.3 million euros ($354.45
million, while revenues coming from shopping centres totalled
221.9 million euros.
The company, which is part-owned by BNP Paribas
and Simon Property Group, confirmed in its trading
update that it expected for 2014 a net current cash flow of at
least 2 euros a share.
($1 = 0.7231 Euros)
(Reporting by Maya Nikolaeva; Editing by Natalie Huet)