Carmila supports franchising development of retailers

According to a press release, the Carrefour group’s property arm has launched Carmila Franchise & Development. The third largest listed shopping centre company in Europe (215 shopping centres in France, Spain and Italy), Carmila (assets valued at €6.4 billion) stresses that the franchise formula “more flexible for retailers and more engaging for shopkeepers” replaced the branch-based approach. More than 50% of Carmila’s portfolio is made up of franchisees and independents.