26 January 2017 – Cuatro
Carmila, the real estate subsidiary owned by Carrefour, has completed its third year of activity in Spain, during which time it has signed 437 commercial lease operations, according to a statement made by the company.
Specifically, the company led by Sebastián Palaciones signed 206 new operations corresponding to a gross leasable area (GLA) of 20,662 m2, and also secured the continuation of 231 strategic clients with contract renovations covering a total surface area of 22,655 m2.
Similarly, the firm, which has more than 1,100 specialty leasing contracts in its portfolio, confirmed the company’s commitment to this retail format, which includes the opening of stands, promotional events for leading brands and the innovative concept of pop-up stores, amongst other activities.
The most active regions in terms of rental space leased in 2016 were Andalucía, accounting for 27% of the operations signed, followed by the Community of Valencia (17%), Madrid (14%), Galicia (7%) and Castilla La Mancha (6%).
By retail sector, the largest share of surface area was leased to restaurants, with 45 new contracts, followed by fashion stores, with 25 contracts, whilst telephone companies were ranked in third place, with 20 contracts.
Carmila was constituted in April 2014 by Carrefour, which controls 42% of its capital, with the aim of generating value from the shopping centres located next to its hypermarkets. The other shares in the firm are owned by major institutional investors.
In Spain, the company owns 70 shopping centres, spread across 32 provinces in high-end strategic locations. Its assets are worth more than €1,000 million and the company also manages almost 2,500 stores and medium-sized outlets.
Original story: Cuatro
Translation: Carmel Drake
Source:: AURA Real Estate Experts