Klépierre said on 21 October 2026 that it had agreed to acquire the remaining 50% of an Italian shopping centre portfolio, including Il Leone di Lonato on Lake Garda, from its joint-venture partner for €196m.
Why Klépierre SA is buying Remaining 50% of Clivia (Il Leone di Lonato and Il Destriero shopping centres)
Klépierre said the deal strengthens its exposure to southern Europe, its largest and fastest-growing region, and would be highly accretive from day one.
Deal terms and financing
Total consideration is €196m, funded with debt. A dining and entertainment extension is planned at Il Leone, which has 60,000 sq m of gross lettable area.
Regulatory approvals and timing
Closing is expected by 31 December 2026.
Market context
Italian outlets ComoZero and Ameve named the joint venture as Clivia S.p.A., co-owned with Finiper, and said its portfolio includes Il Destriero in Vittuone, Lombardy.
Sources
In the rankings
