Eurocommercial Properties NV - Company Profile

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Eurocommercial Properties NV: Segment Analysis

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Business Description

Eurocommercial Properties NV (ECP) is a company that owns and manages shopping centers in Belgium, France, Italy, and Sweden. It focuses on creating, owning, and actively managing spaces that serve as focal points for their communities. Its portfolio includes 24 shopping centers, with five flagship assets. These flagship centers are located in Brussels, Paris, Florence and Milan, and are well-known both nationally and internationally. The company serves a diverse range of industries, including fashion, food, health and beauty, and more. The flagship assets include Woluwe Shopping in Brussels, Passage du Havre in Paris, Carosello and Fiordaliso in Milan, and I Gigli in Florence. These centers are important destinations for international tenants such as Primark, Inditex, H&M, Apple, and Nike, as well as national brands like Fnac and OVS. The remaining portfolio consists of suburban hypermarket-anchored shopping centers, which focus on everyday and essential retail. These centers are located in important provincial cities and offer a range of services, including restaurants, cafés, healthcare, and more. Fashion is the largest sector in their malls, with the top five fashion retailers occupying 46% of its fashion floor space. The company's flagship shopping centers are sufficiently large to accommodate joint venture partners, such as AXA and Finiper, for capital diversification.

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