French real estate firm Klepierre has appointed Laurent Morel as CEO to replace Michel Clair who is stepping down to lead the supervisory board. Morel joined the Klepierre group four years ago, and was appointed to the executive board on 1 June 2005. He was appointed manager of retail firm Segece on 1 January 2006.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
