date:Dec 17, 2013
th 700 million euros, giving it a 42 percent stake in a new company with gross annual rental income of around 180 million euros.
It's a smart move as they get access to these shopping malls with a limited cash outlay, said Natixis analyst Jean-Baptiste Teissier.
The move reverses a deal in 2000 that saw Carrefour sell more than 150 of its shopping malls to Klepierre to cut debt and fund an expansion spree abroad.
At that time, there was a trend among store groups to shed property assets to ra