Carrefour aims to purchase 100 shopping centres

Carrefour aims to purchase 100 shopping centres

French hypermarket chain Carrefour is allegedly talking to real estate group Klepierre about the possible purchase of more than 100 shopping malls. This way, the chain hopes to put European hypermarkets back onto the map.

1.7 billion euro

Currently, the shopping centres (located in France, Spain and Italy) belong to Kleppiere. Both companies have admitted they are talking, but said that no agreement has been reached so far. They will not be commenting any more, until the supposed 1.7 billion euro deal has been finalized.


Carrefour sold 150 shopping centres to Kleppiere in 2000, in order to alleviate its debts and to enable international expansion. Buying the malls back allows Carrefour to ask for rent, while it renovates 150 of its 220 hypermarkets. It intends to do so in the next three years, to lure customers back to the stores.


French newspaper Le Figaro believes Carrefour will pay half of the deal itself, while investors will pay the other half. That is why the supermarket chain is now looking for 5 to 6 investors who are willing to invest 100 to 200 million euro each. George Plassat, Carrefour’s CEO, had already mentioned in May 2012 – when he was appointed CEO – that shopping mall exploitation was a lucrative business.


Carrefour is the second largest European retailer, even though it has been struggling for years. Particularly its hypermarket concept, which it helped launch, is suffering from the customers’ shift to local purchases, like in convenience stores.



(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors

Mitiska Reim buys its first French retail park


Belgian real estate firm Mitiska Reim will enter the French retail market with its recent acquisition of a retail park near Caen. It has been an eventful year so far, with acquisitions in Germany, Romania and Spain as well. 

Delhaize is highlight of new shopping center in Luxembourg


Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.

Mitiska Reim acquires its first German retail park


Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.

European retail rental prices continue to soar


A recent study from research firm CBRE shows that rental prices for Europe’s most expensive retail locations are still on the rise. It is the only region that still experiences growth for retail real estate.

Mitiska REIM acquires 11 Romanian retail parks


Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.

Raad van State suspends Uplace's environmental permit


Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.

Back to top