Unibail-Rodamco has signed a definitive agreement to sell six non-core shopping centres in France to Carmila - the property arm of retail group Carrefour - for €931 mln.
Unibail-Rodamco has signed a definitive agreement to sell six non-core shopping centres in France to Carmila - the property arm of retail group Carrefour - for €931 mln.
The deal was first signalled at the end of July.
Following consultations with their respective employee work-councils Unibail-Rodamco and Carmila agreed on the mega deal which comprises the shopping centres, BAB 2, Bay 1 and Bay 2, Cité Europe, Labège 2 and Place d'Arc
Closing of the transaction is expected before the end of the year 2014 and is subject to customary conditions.
