Carmila: Signature of an Agreement for the Sale of a Portfolio of Assets with Batipart and ATLAND Voisin
12 Avril 2022 - 6:18PM
Business Wire
Regulatory News:
Carmila (Paris:CARM) has reached an agreement with Batipart and
ATLAND Voisin on the creation of a joint venture to acquire a
portfolio of assets currently owned by Carmila.
The portfolio consists of 6 assets, all of which are located in
France: Mondevillage, Meylan, Mont St Aignan, Nantes St Herblain,
Rambouillet and St Jean de Vedas.
The agreed sale price of the portfolio is EUR 150 million,
including transfer taxes. It is in line with appraisal values at
end 2021.
Carmila will retain a 20% stake in the joint venture, with an
LTV including transfer taxes of no more than 50%, and provide asset
management, leasing and property services for the joint
venture.
The sale is expected to close in June 2022.
The agreed sale is the first transaction of the asset rotation
programme announced at Carmila’s December 2021 Capital Markets Day.
Carmila is targeting an aggregate amount of disposals of €200M in
total in 2022 and 2023 and intends to continue disposing of assets
beyond 2023. The proceeds of disposals will finance new investments
and share buybacks.
Marie Cheval, Chair and Chief Executive Officer of Carmila
commented:
“This is an important step for Carmila as it marks the beginning
of the asset rotation strategy announced at our Capital Markets
Day. This agreement demonstrates the liquidity of our assets at
favourable conditions and the appetite of real estate investors for
retail assets.”
INVESTOR AGENDA 21 April 2022 (after market close): Q1
2022 Financial Information 12 May 2022: Annual General
Meeting
ABOUT CARMILA
The third largest listed owner of commercial property in
continental Europe, Carmila was founded by Carrefour and large
institutional investors in order to transform and enhance the value
of shopping centres adjoining Carrefour hypermarkets in France,
Spain and Italy. At 31 December 2021, its portfolio was valued at
€6.21 billion, comprising 214 shopping centres, all leaders in
their catchment areas.
Carmila is listed on Euronext-Paris Compartment A under the
symbol CARM. It benefits from the tax regime for French real estate
investment trusts (“SIIC”).
IMPORTANT NOTICE
Some 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 Autorité des marchés financiers 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.
This press release is available in the
“Financial Press Release” of Carmila’s Finance webpage:
https://www.carmila.com/en/finance/financial-press-release
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220412005929/en/
INVESTOR AND ANALYST Jonathan Kirk – Head of Investor
Relations jonathan_kirk@carmila.com +33 6 31 71 83 98
PRESS Kenza Kanache – Marie-Antoinette PR Agency
kenza@marie-antoinette.fr +33 6 35 47 82 08
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