GALIMMO: management transactions · France · AMF

About GALIMMO

Galimmo SCA is a listed French real estate company, traded on Euronext Paris under ISIN FR0000030611, and focused on retail property. Its business model is centered on owning, managing, redeveloping and enhancing shopping centers attached to Cora hypermarkets, with a strong emphasis on local relevance, convenience and customer experience. The company was created in 2016 as part of a corporate restructuring that turned Galimmo into a listed retail property vehicle within the orbit of the Louis Delhaize group, a long-established European distribution player. Since its creation, Galimmo has positioned itself as an operator of commercial destinations that are designed in collaboration with tenants, partners and local stakeholders. Based on its corporate disclosures, the group operates a platform of around 60 shopping centers across Europe, including 52 in France, 7 in Belgium and 1 in Luxembourg, while Galimmo SCA also held a minority stake in the Belgian portfolio. Its asset base is primarily composed of retail galleries adjacent to Cora hypermarkets, with the hypermarkets themselves owned by Cora SA. This structure provides a significant commercial anchor, benefiting from footfall generated by the hypermarket catchment areas and from the company’s presence in suburban and edge-of-town locations. Galimmo’s activities cover several complementary business lines: leasing, tenant mix optimization, asset repositioning, redevelopment, extension projects and on-site commercial animation. The company also highlights a CSR strategy focused on territorial engagement, support for local retailers and entrepreneurs, and the modernization of its spaces to improve conviviality and the customer journey. Historically, Galimmo expanded through the gradual build-up of a French portfolio of shopping galleries, followed by minority investments in Belgium, before entering a more recent phase of strategic change. In July 2024, Galimmo announced the completion of its acquisition by Carmila, which acquired close to 93% of the share capital and Galimmo Services France. This transaction represents a major milestone in the company’s history and is part of a broader consolidation trend in the shopping-center sector linked to food retail. Galimmo therefore remains a specialist in commercial real estate, known for its proximity model, its tenant relationships and its focus on mid-sized retail assets embedded in local catchment areas.