Carrefour teams up with international investors to launch CARMILA
Carrefour has partnered with a group of international investors to establish CARMILA, a company that will focus on revitalising shopping centres anchored to Carrefour hypermarkets in Europe.
The investor group includes Amundi, Axa, Blue Sky Group, BNP Paribas Cardif, Colony Capital, Crédit Agricole Assurances, Pimco and Sogecap.
CARMILA has assembled an experienced team headed by: Jacques Ehrmann, chief executive officer; Yves Cadelano and Géry Robert-Ambroix, deputy managing directors; Sebastiàn Palacios and Maryse Beucher, who respectively manage CARMILA España and CARMILA Italia; and Anne-Laure Joumas, marketing and communications director France. Patrick Armand and Aymeric Plisson will be finance director and sales director, respectively.
Carrefour Property, a wholly-owned subsidiary of the Carrefour group and owner of the Carrefour hypermarket and supermarket buildings, managed by Francis Mauger, will partner with CARMILA to provide co-promotion and property management.
CARMILA has 800,000 sq m of assets made up of 171 shopping centres adjoined to hypermarkets. Valued at around EUR2.7 billion, the portfolio is located in France (78 per cent), Spain (14 per cent) and North Italy (eight per cent).
Approximately EUR700 million euros will be invested in the medium-term project.
Jacques Ehrmann, CEO of CARMILA, says: "The launch of CARMILA under the Carrefour umbrella realises the group’s commercial and real estate vision in Europe around the ‘commercial ecosystem’ concept. As a new player specialising in the shopping centre scene, CARMILA will develop a local relationship with client brands and consumers and will seek to maximise the creation of value for all its shareholders."
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