Carmila Exceeds Annual Asset Disposal Target with a Transaction in Spain
Carmila has announced the sale of four assets in Spain for a total of 37.3 million euros, thereby surpassing its annual asset disposal target.
Details of the Spanish Asset Sale
According to Carmila's press release, the company completed the disposal of four non-strategic assets located in Spain for a total amount of 37.3 million euros, inclusive of rights. These assets, which are standalone medium-sized surfaces on parking lots, cover a total area of 24,338 sqm. Sold to a leading asset manager, these properties were disposed of at a 12% premium over their appraisal values and have an initial net yield of 6.6%. This transaction, along with previous sales in Villers-Semeuse and Quetigny in France totaling 29 million euros, brings Carmila's total disposals in 2025 to 66 million euros, thus exceeding its annual target of 50 million euros.
Reinvestment and Acquisition Strategy
Carmila plans to reinvest the proceeds from these disposals into targeted, high-value-added acquisitions. The company confirms its strategy as a net buyer, with an annual acquisition target of 100 million euros against 50 million euros of disposals. Carmila indicates that it maintains a robust financial structure to support this growth strategy.
Company Profile and Future Outlook
Carmila is the third largest publicly traded shopping center company in Europe, created by Carrefour and institutional investors to enhance the value of shopping centers adjacent to Carrefour hypermarkets in France, Spain, and Italy. As of December 31, 2024, its portfolio included 251 shopping centers valued at 6.7 billion euros. Carmila is listed on Euronext-Paris under the symbol CARM and has been part of the SBF 120 since June 20, 2022. The company's next annual results will be published on February 18, 2026, followed by a presentation on February 19, 2026.
