Carmila: announces several acquisitions

(CercleFinance.com) - On Friday evening the company Carmila announced that it has bought, for 16.
1 million euros, with and an initial yield of 7.3%, "La Veronica" shopping centre in Malaga-Antequera, Spain.

"It consists of 57 commercial lots spread over an area of 12,000m2. It hosts well-known brands (Inditex Group, OVS Kids, Springfield) and a cinema complex. Recently renovated, this shopping center has the potential for organic growth in the medium term (reversion and quality improvement of supply and mix-merchandising) which should increase its yield by about 100 basis points," Carmila says.

In addition, the group announced that it had purchased 6 mid-sized commercial premises under building lease regimes on 6 Spanish sites, where it already owns the shopping centre. Two other similar mid-sized store lots will be acquired during the second half of 2019. This second purchase costs 9.6 million euros.

Finally, in late 2018, Carmila sold to Klépierre, which owns the Turin-Grugliasco shopping centre, a lot of mid-size stores located on this site for a net selling amount of 16.3 million euros.



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