NPS Sells Paris Shopping Mall, O’Parinor The National Pension Service (NPS) is selling O’Parinor, a large shopping mall in the Paris suburbs. The NPS and Hammerson signed a stock purchase agreement with the Paris real estate investment company-led Klépierre-Sofidy consortium. The NPS acquired a 51% stake in the shopping mall from Hammerson, the existing largest shareholder, for approximately KRW 350 billion in 2010, and later invested an additional KRW 165 billion to expand its stake to 75%. With this sale, it makes a successful exit after 14 years in the midst of a shrinking European real estate market. O’Parinor is in the Paris suburb of Ile-de-France, 15km away […]