![](\"https:\/\/mms.businesswire.com\/media\/20260709776642\/en\/2599135\/5\/Carmila_logo_b9b215376f.jpg\"){kind=logo}
<\/a><\/a>\nCarmila (Paris:CARM) has signed a binding agreement to acquire Grand Quetigny \u2013 a leading shopping centre covering 13,650 sq.m. \u2013 for \u20ac45 million (including transfer taxes), offering an immediate yield significantly above the Group\u2019s investment criteria.<\/p>
\nThis transaction makes a significant contribution towards achieving Carmila\u2019s \u20ac100 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\u2019s 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\u2019s stringent buyer criteria in terms of local market dominance and opportunities for real estate transformation.<\/p>
\nA major real estate asset: <\/b>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.<\/p>
\nStrong potential for optimisation, rental reversion and transformation<\/b>: Grand Quetigny has strong potential for growth through restructurings and optimising the merchandise mix.<\/p>
\nThe 66 retailers in the shopping centre have robust trading performances, generating average retailer sales of around \u20ac6,000 per square metre. The tenants\u2019 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.<\/p>
\nAdditional growth drivers<\/b>: 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\u2019s 5G tower activities.<\/p>
\nOutstanding environmental performance: <\/b>the centre has highly ambitious environmental standards, and is targeting a BREEAM-in-Use \u201cVery Good\u201d rating.<\/p>
\nMarie Cheval, Chair and Chief Executive Officer of Carmila, commented:<\/b><\/p>
\n\u201cThis acquisition is fully in line with Carmila\u2019s 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 <\/i>offering an immediate yield significantly above Carmila\u2019s investment criteria alongside highly attractive potential for optimisation, transformation and value creation.\u201d<\/i><\/p>
\nINVESTOR AGENDA<\/b><\/p>
\n29 July 2026 (after trading): <\/b>First-half 2026 results\n
\nABOUT CARMILA<\/b><\/p>
\nCarmila is Europe's third-largest listed property company specialising in shopping centres, with a portfolio in France, Spain and Italy worth \u20ac6.7 billion at 31 December 2025.<\/p>
\nWith over 600 million visits to its shopping centres per year, Carmila harnesses its expertise in property, retail and digital technology to transform its assets and create sustainable value for shareholders and partners.<\/p>
\nCarmila is listed on Euronext Paris\u2019s Compartment A (CARM), has SIIC (REIT) status and is included in the SBF 120 and CAC Mid 60 indices.<\/p>
\nIMPORTANT NOTICE<\/b><\/p>
\nSome of the statements contained in this document are not historical facts but rather statements of future expectations, estimates and other forward-looking statements based on management's beliefs. These statements reflect such views and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance or events to differ materially from those expressed or implied in such statements. Please refer to the most recent Universal Registration Document filed in French by Carmila with the Autorit\u00e9 des march\u00e9s financiers<\/i> for additional information in relation to such factors, risks and uncertainties. Carmila has no intention and is under no obligation to update or review the forward-looking statements referred to above. Consequently, Carmila accepts no liability for any consequences arising from the use of any of the above statements. <\/span><\/p> \nThis press release is available in the \u201cRegulated information\u201d section of Carmila\u2019s Finance webpage: https:\/\/www.carmila.com\/en\/regulated-information<\/a><\/p> \nVisit our website at https:\/\/www.carmila.com\/en\/<\/a><\/b><\/p> \nINVESTOR AND ANALYST CONTACT<\/b>