Advising Carmila in connection with the acquisition from Klépierre of two shopping centers; Grand Vitrolles (in the commune of Vitrolles, Greater Marseille) and Gran Via de Hortaleza in Madrid. These acquisitions, totalling Euro 212.2 million, will enable Carmila to further strengthen its portfolio with two leading large or regional shopping centres, both anchored by powerful Carrefour hypermarkets.
About Grand Vitrolles
Grand Vitrolles is a Regional Shopping Centre comprising:
– a powerful Carrefour hypermarket with retail space of 20,500 m², owned by the Carrefour Group (part of Carrefour hypermarkets top 15 performers in France);
– a shopping centre with 84 shops over 24,350 m² (subject of this acquisition);
– 4,709 parking spaces.
Opened in 1970, Grand Vitrolles quickly established itself as a major shopping destination in Marseille, boasting three large anchor stores (Carrefour, Boulanger and Castorama), located within a commercial business district also including a Retail Park whose main tenants are Décathlon, IKEA and Toys’R’Us.
The shopping centre welcomes approximately 5.2 million visitors each year with a strong level of loyalty and has a catchment area of more than 600,000 residents.
Carmila has already obtained the administrative authorisations (CDAC and building permit) required for the 11,700 m² extension it intends to build as part of its plan to modernise and enhance the centre. Once the extension is complete, this shopping centre will encompass approximately 130 retail units.
About Gran Via de Hortaleza
Located in a highly urban catchment area in the northeast of the city of Madrid, Gran Via de Hortaleza is a Large Shopping Centre constructed in 1992 over two levels, comprising:
– a Carrefour hypermarket with retail space of 10,950 m², owned by the Carrefour Group (part of Carrefour hypermarkets top 5 performers in Spain);
– a shopping centre with 69 shops over 6,300 m² (subject of this acquisition);
– 1,700 parking spaces.
It welcomes over 6.3 million visitors per year and is the leading shopping centre in this part of Madrid. It has a catchment area of 263,000 residents and a penetration rate of 54%. This site is also home to a large number of popular retail brands including Mango, Promod, Okaidi, Calzedonia, Primor Fosco, Rodilla, 100 Montaditos, Alain Afflelou, Burger King, etc.
Carmila plans to carry out renovation works on this site based on the Air de Famille concept, which will boost value creation to be implemented through the improvement of the merchandising mix and the increase of the occupancy rate, today at 92.7%.