Carrefour buys over 100 shopping centres

3

Multi-national retailer Carrefour has signed a £2bn euro binding agreement with real estate group Klepierre to buy 127 European shopping centres.

The deal involves 57 malls in France, 63 in Spain and 7 in Italy and hopes to focus Carrefours portfolio to revive its flagging Euro hypermarkets.

The transaction, which remains subject to approval, is expected to close in the second quarter of 2014.

Carrefour posted an “organic” sales rise of +2.5 per cent to €84.3bn in 2013 as sales surged 12.6 per cent in Latin America and growth returned to recession hit Spain

LEAVE A REPLY

Please enter your comment!
Please enter your name here