Carrefour Property

What Carrefour Property does

Carrefour Property España, S.L.U. is the real estate subsidiary of Grupo Carrefour, founded in 2009 and headquartered in Alcobendas, Madrid. The company operates as an integrated promoter, investor, and manager of commercial real estate, with its core operations concentrated in Spain and affiliated country operations in France and Italy. It manages a portfolio of 93+ owned centers spanning 1.7+ million m2 of Gross Leasable Area (SBA), controls a 1 million m2 development pipeline for commercial, logistics, and mixed-use projects, and is reported as the leading shopping center administrator in Spain with 114 assets under management (31 large centers) and 2.6–2.7 million m2 of commercial space. The company also runs third-party asset management mandates for 19 shopping centers not on its balance sheet.

Its revenue model mixes three streams: managed-services fees on the owned portfolio (real estate asset management and administration), professional services for third-party shopping center owners (management, promotion, and commercialization), and one-time development revenue tied to specific large-scale projects such as FAN Mallorca Shopping (66,000 m2, opened 2016), Holea in Huelva (50,800 m2, opened 2013), and As Cancelas in Santiago de Compostela (50,000 m2, opened 2012 in joint venture with REALIA). Customer segments are national and international retail operators (anchor tenants include Primark, H&M, Zara, Mango, Media Markt, Decathlon, and Foot Locker), third-party shopping center owners, and the broader Grupo Carrefour parent. Distribution is direct enterprise sales via a dedicated commercialization team, supplemented by leasing events and PR.

Recent strategic activity centers on mixed-use innovation (the Work City concept at Puerta de Alicante launched with Custom Suits in 2023), expanded third-party mandates (Los Fresnos in Gijón following L Catterton Real Estate's co-investment in 2025), sustainability leadership (37 BREEAM In-Use certified centers), and a 2026 strategic reorganization under newly appointed Director Maica Fernández. The company reports 501–1,000 employees and does not disclose proprietary technology or AI/ML capabilities in its public materials.

Name

Carrefour Property

Legal name

Carrefour Property España, S.L.U.

Website

https://carrefourproperty.es

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Carrefour Property is the real estate subsidiary of Grupo Carrefour, developing, managing, and commercializing shopping centers in Spain with a portfolio of 93+ owned assets spanning 1.7+ million m2 of gross leasable area and third-party mandates on an additional 19 centers.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Management

NAICS

Lessors of Real Estate (5311), Offices of Real Estate Agents and Brokers (53121)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Retail Real Estate Asset Management (BPAJAMAF)

akta.pro secondary industry

Commercial Real Estate Asset Management (BPAJAMAB)

Keywords

• Commercial real estate
• Shopping center management
• Retail property development
• Asset management services
• Mixed-use development

Headquarters

HQ city

San Sebastián De Los Reyes

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Asset Management: Manages and administers owned real estate portfolio including 93+ centers and 2.6+ million m2 of commercial space.
2. Third-Party Services: Provides management, promotion, and commercialization services to third-party centers. Currently manages 19 third-party shopping centers and 103 owned assets.
3. Real Estate Development: Develops new commercial spaces and modernizes existing retail parks. Major projects include Holea (Huelva), As Cancelas (Santiago de Compostela), and FAN Mallorca Shopping. Between 2010-2016, developed 350,000 m2 of SBA with 350+ million euro investment.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Carrefour Property develops, optimizes, and manages commercial real estate assets for Grupo Carrefour in Spain, operating as a promoter, investor, and manager of shopping centers. The portfolio includes 93+ owned centers with more than 1.7 million m² of Gross Leasable Area, plus third-party management of 19 additional centers and a 1 million m² development pipeline for commercial, logistics, and mixed-use projects. Services span new center development, asset management, leasing commercialization, and mixed-use transformation projects for both owned assets and third-party owners.

Product overview

Carrefour Property España is the real estate management subsidiary of Grupo Carrefour in Spain, operating as a promoter, investor, and manager of commercial real estate. The company manages a portfolio of 98 centers totaling 2.6 million square meters of commercial space, including 32 large shopping centers. Its core products include flagship shopping centers (FAN Mallorca Shopping, Holea, As Cancelas), innovative mixed-use concepts (Work City), and community initiatives (Bookcrossing, Pet Friendly). The company specializes in asset management, commercial development, and third-party services, positioning itself as Spain's leading shopping center manager.

Differentiator

Problem solved

Functional benefit

Brands

• FAN Mallorca Shopping: Largest commercial and leisure space in the Balearic Islands with 66,000 m2 new SBA, opened September 2016.
• Holea
• As Cancelas

Products and services

• Carrefour Property España Real Estate Asset Management Comprehensive asset management of the Carrefour Property España portfolio including 93+ owned centers with more than 1.7 million m² of SBA, plus 1 million m² of buildable area for commercial, logistics, and mixed-use projects. For owners/investors and retail tenants across Spain.
• Third-Party Shopping Center Management Services

Quantifiable outcome

• 98 centers with 2.6 million m2 managed
• +4 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core, minor and flagship.

• Fundación CibervoluntarioscoreStrategic or Co-development Partner · 19 March 2026Alliance to promote digital citizen competencies through free micro-workshops at shopping centers across Spain. Dozens of cybervolunteers provide training in major centers in cities including Madrid, Zaragoza, Gijón, Alicante, Vigo, Jaén, Murcia, and Palencia.
• REALIAminorStrategic or Co-development Partner · 1 January 2012Joint venture partnership for development of As Cancelas shopping center in Santiago de Compostela. As Cancelas was developed as a joint venture with REALIA.
• CarmilacoreStrategic or Co-development PartnerCarmila is a strategic partner of Carrefour Property, sharing sustainability initiatives (BREEAM certifications, Hora del Planeta, World Cleanup Day), joint annual gala events, and shopping center development projects. Both companies co-manage several shopping centers and have a joint strategy for environmental and social responsibility.
• Custom SuitsflagshipStrategic or Co-development PartnerPartnership to transform Puerta de Alicante center into 'Work City' - a pioneering mixed-use space concept in Spain. Custom Suits executes office construction while Carrefour Property manages the retail component. Project includes coworking spaces, auditorium, ludoteca, maintaining hypermarket, gymnasium, and cinemas.
• WWF EspañaminorStrategic or Co-development PartnerEnvironmental partnership for La Hora del Planeta (Earth Hour) initiative. Carrefour, Carrefour Property, and Carmila participate annually in turning off signage from 20:30 to 21:30 hours to raise awareness about climate crisis.

Scale indicators10 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Unibail-Rodamco-Westfield: Global operator and developer of flagship shopping destinations with significant European exposure. Comparable as a larger direct peer in shopping center ownership and large-format retail real estate development.
• Klépierre: Leading pan-European shopping center operator and investor with a continental portfolio of large retail centers. Most directly comparable to Carrefour Property on business model (owner-operator-manager of retail centers) and Spanish exposure.
• Merlin Properties: Spain's largest REIT with material retail center exposure alongside offices and logistics. Directly comparable as a Spanish-listed owner-operator of shopping centers, including assets that historically intersect with Carrefour Property's portfolio.
• Lar España Real Estate: Listed Spanish REIT whose portfolio is predominantly retail (shopping centers and parks). Comparable in asset focus, geography, and reliance on Spanish retail tenant demand.
• Hammerson: UK-listed specialist retail real estate operator with flagship destination centers in the UK and continental Europe. Comparable on focus on premium shopping centers and active asset/space repositioning to mixed uses, similar to Carrefour Property's Work City initiative.
• Wereldhave: Dutch-listed investor-operator focused on full-service shopping centers across the Netherlands, Belgium, and France. Comparable as a regional European retail center operator pursuing active asset repositioning toward mixed uses.
• Carmila: Carmila is Carrefour Property's sister company and joint annual-gala partner, co-managing Carrefour-anchored shopping centers with strong overlap in tenant mix (Primark, H&M, Inditex) and a parallel Iberian/French footprint. Direct strategic peer despite shared group ancestry.

Broad incumbents

• CBRE Group: Global real estate services platform with asset management, leasing, and valuation capabilities overlapping with Carrefour Property's third-party management and commercialization services at a much larger and broader scale.

Emerging players

• Inmobiliaria Colonial: Spanish REIT primarily focused on prime office real estate but with selective retail exposure. Partial overlap as a Spanish-listed real estate investor with growing interest in mixed-use and retail-adjacent assets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCzW0aWFK6AliI9NHGOUbwZg
• LinkedInes.linkedin.com/company/carrefour-property
• Xx.com/CRFProperty_Es

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carrefour Property