Carmila S.A.

Carmila S.A. is a leading European real estate investment trust (REIT) specializing in retail properties, recognized as the third-largest listed owner of commercial property in Europe. Founded by Carrefour and major institutional investors, it focuses on enhancing the value of shopping centers adjoining Carrefour hypermarkets across France, Spain, and Italy. As of December 31, 2024, Carmila S.A. manages a portfolio of 251 shopping centers valued at €6.7 billion, holding leading positions in their local catchment areas and serving over 6,400 partner retailers with around 600 million annual visitors. The company engages in marketing, leasing, shopping center management, and portfolio regeneration, deploying innovative multi-channel strategies like digital tools and targeted marketing solutions to support retailers and foster customer loyalty. Operating under the French SIIC tax regime, Carmila S.A. employs approximately 260 people and plays a key role in regional revitalization by creating accessible, sustainable spaces that connect communities, retailers, and everyday consumers.