Carrefour Property Manages 20% of Spain’s Retail Space

2 April 2018 – Eje Prime

Carrefour Property is continuing to expand its map of shopping centres in Spain. The real estate subsidiary of the French distribution group has started the second quarter of the year with a portfolio of retail space under management spanning more than 2.6 million m2. That figure represents 20% of the total surface area of shopping centres in Spain.

The long list of retail plots controlled by the subsidiary of the Carrefour giant has increased in recent months with the management of the following centres: Gran Vía de Hortaleza (Madrid), Puerta de Alicante, Augusta (Zaragoza) and La Verónica (Málaga) in recent months, according to a statement issued by the company.

In total, Carrefour Property España manages 110 centres throughout the country: 82 centrally and the remaining 28, all of which are large shopping centres, through specific teams at each site.

The company’s Director of Shopping Centres, Antonio Fidalgo, stressed that “the management of retail spaces is one of the most important areas of our business, given that we not only manage our own centres, we also manage centres owned by other companies such as Merlin Properties, Klépierre, Carmila, Grupo Lar and Pradera, amongst others”.

Original story: Eje Prime

Translation: Carmel Drake