Carmila: Signed agreement with Batipart and ATLAND Voisin to sell asset portfolio in France

BOULOGNE-BILLANCOURT, France – (BUSINESS WIRE) – Regulatory News:

Carmila (Paris: CARM) has announced the signing of an agreement with Batipart and ATLAND Voisin for the sale of its portfolio of assets belonging to Carmila through a partnership structure.

The portfolio consists of six assets in France. Mondevillage, Meylan, Mont St Aignan, Nantes St Herblain, Rambouillet, St Jeande Vedas.

The sale price of the portfolio is € 150 million and includes customs duties. This is consistent with the appraisal value at the end of 2021.

Carmilla holds a 20% minority interest. joint ventureIts debt ratio (LTV including obligations) does not exceed 50%, joint venture Rental management, marketing and asset management missions.

The transaction is scheduled to close in June 2022.

This disposition is the first transaction in Carmila’s asset rotation program announced on Capital Markets Day, December 2021. Carmila is targeting a total disposal of € 200 million in 2022 and 2023 and hopes to extend this asset disposal beyond 2023. Disposals will be assigned to new development projects and stock repurchases.

Marie Cheval, Chairman and Chief Executive Officer of Carmilla, commented:

“” This is an important step for Carmilla, who is launching the asset rotation strategy announced on Capital Markets Day. This agreement shows the liquidity of our assets in good condition and the interests of real estate investors on personal assets. »»

Financial calendar

April 21, 2022 (after market closure): Financial information for the first quarter of 2022

May 12, 2022 : General Assembly

About Carmyra

Carrefour, the third most listed shopping center company in continental Europe, was founded by Carrefour and major institutional investors to transform and strengthen the shopping centers adjacent to the Carrefour stores in France, Spain and Italy. rice field. As of December 31, 2021, the portfolio consisted of 214 shopping centers and leaders in their catchment areas, with a value of € 6.21 billion.

Carmilla is listed in the Euronext Paris compartment A with the CARM symbol. We are benefiting from the system of a listed real estate investment company (“SIIC”).

caveat

The specific statements in this document have nothing to do with proven historical facts, but do constitute interim nature predictions, estimates, and other data based on the opinion of the Board of Directors. These statements reflect the opinions and assumptions made on the day they were created. They are subject to known and unknown risks and uncertainties, and future results, performance, or future events may differ materially from those indicated or implied by such statements. For additional information on these factors, risks, and uncertainties, we recommend that you refer to Carmila’s latest universal registration document submitted to Autorité des Marchés Financiers. Carmila undertakes no intention or obligation to update or revise any forward-looking statement above. Therefore, Carmila shall not be liable for any possible consequences of using these declarations.

This press release is available in the Finance section under “Financial press releases” on the Carmila website.

https://www.carmila.com/finance/financial-pressreleases/

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