Carmila S.A. is Europe's third-largest listed property company specializing in shopping centres, with a portfolio in France, Spain and Italy worth 6.7 billion euros at 31 December 2025. With over 600 million visits to its shopping centres per year, Carmila harnesses its expertise in property, retail and digital technology to transform its assets and create sustainable value for shareholders and partners. Carmila S.A. was established on March 6, 1991, and incorporated in France.