Carrefour Completes Real-Estate Deal With Klépierre
16 Aprile 2014 - 8:01PM
Dow Jones News
By David Pearson
PARIS--French retailer Carrefour SA on Wednesday said it
completed the creation of Carmila, the real-estate vehicle whose
role will be to enhance the value of the shopping centers next to
Carrefour hypermarkets.
Carmila owns a portfolio of 171 shopping malls valued at EUR2.7
billion. These include 126 that Carrefour has bought from French
real-estate firm Klépierre for a market value of EUR2 billion, and
another 45 that are being transferred from Carrefour's ownership
with a market value of EUR700 million.
Carrefour will own 42% of Carmila, alongside a variety of
international investors.
Write to David Pearson at david.pearson@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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