Real Estate
Carmila: Acquisition of Grand Quetigny
PARIS, July 09, 2026--Regulatory News: Carmila (Paris:CARM) has signed a binding agreement to acquire Grand Quetigny – a leading shopping centre covering 13,650 sq.m. – for €45 million (including transfer taxes), offering an immediate yield significantly above the Group’s investment criteria.
About this update from Carmila Sa
– a leading shopping centre in Dijon for €45 million – PARIS, July 09, 2026 --( BUSINESS WIRE )--Regulatory News: Carmila (Paris:CARM) has signed a binding agreement to acquire Grand Quetigny – a leading shopping centre covering 13,650 sq.m. – for €45 million (including transfer taxes), offering an immediate yield significantly above the Group's investment criteria. This transaction makes a significant contribution towards achieving Carmila's €100 million annual acquisition target, and is expected to increase earnings per share by around 1% on a full-year basis. It is fully in line with Carmila's selective investment policy, which prioritises opportunities that offer high immediate returns combined with identified value creation levers for the short and medium term. The Grand Quetigny shopping centre is a perfect fit with Carmila's stringent buyer criteria in terms of local market dominance and opportunities for real estate transformation. A major real estate asset: anchored by a leading Carrefour hypermarket, Grand Quetigny is southern Dijon's main retail hub, and has a catchment area that is currently seeing demographic and economic growth. Strong potential for optimisation, rental reversion and transformation : Grand Quetigny has strong potential for growth through restructurings and optimising the merchandise mix. The 66 retailers in the shopping centre have robust trading performances, generating average retailer sales of around €6,000 per square metre. The tenants' moderate occupancy-cost ratio, combined with an occupancy rate of some 90%, point to immediate rental reversion potential. In addition to the centre's existing strengths, Carmila will apply its asset management expertise through retail restructuring projects that will boost the overall offering. Additional growth drivers : the site will be enhanced by the full Carmila platform from day one. Value creation will be led in particular by the expansion of Specialty Leasing (pop-up stores), the roll-out of innovative Retail Media solutions, and the deployment of Next Tower's 5G tower activities. Outstanding environmental performance: the centre has highly ambitious environmental standards, and is targeting a BREEAM-in-Use "Very Good" rating. Marie Cheval, Chair and Chief Executive Officer of Carmila, commented: "This acquisition is fully in line with Carmila's strategy for creating value and growth. We target major assets with strong appeal and dense catchment areas, where our real estate platform can generate robust organic growth. This is exactly the case for Grand Quetigny, with its entry price offering an immediate yield significantly above Carmila's investment criteria alongside highly attractive potential for optimisation, transformation and value creation."