Carmila : Galimmo SCA: an accretive and strategically attractive opportunity
>Galimmo SCA: a € 680m portfolio of 52 assets in France being acquired with a net initial yield of 9.8% and a discount of 35% - On 12 July Carmila signed an agreement with a view to the acquisition of 93% of Galimmo SCA: A € 688m portfolio with a rental yield of 5.8% at end-2022 a good fit with its existing portfolio (c. € 6bn): Created in 2016, Galimmo owns and operates 52 shopping centres in France, all adjacent to a Cora hypermarket. In more detail, 13 of thes...Carmila SA, formerly Cardety SA, is a France-based company that operates in the real estate investment sector. The Company is primarily engaged in the acquisition, holding and managing of commercial real estate assets for lease. The Company's real estate assets include a supermarket under the ED brand in Forges-les-Eaux, a shopping center in Pau Lescar, a retail park in Mondeville, a shopping mall in Besancon Chalezeule, a building complex in Salaise-sur-Sanne and a business park project in Quetigny.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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