Carmila

Financial Information as At 30 September 2020 - Seite 3

In the Group’s three countries, the average collection rate for third-quarter rents (quarterly rent invoiced and payable on 1 July 2020 for France, monthly rent invoiced in advance for Spain and Italy) stood at 78%, 92% of which was for signed negotiations. For second-quarter rents (quarterly rent invoiced and payable on 30 September 2020 for France, monthly rent invoiced in advance for Spain and Italy), the collection rate was 63%, 77% of which was for signed negotiations. Negotiations over second-quarter rents temporarily weighed on the collection rate for fourth-quarter rents (quarterly rent invoiced and payable on 1 October 2020 for France, monthly rent invoiced in advance for Spain and Italy), which stood at 61%, 82% of which was for signed negotiations.

3. Operating activity in third-quarter 2020

Uninterrupted leasing momentum across all three countries

In the Group’s three countries, leasing activity remained brisk, with 98 new leases signed, on a par with the same year-ago period.

Ten new retailers to open at the Bay 2 shopping centre before the end of 2020

The Bay 2 shopping centre (in Collégien, Seine-et-Marne) confirmed its appeal to retailers and customers thanks to the energy and hard work of the centre’s teams.

Despite the health crisis, operating activity in the centre proved robust:

- seven new retailers have opened their doors since the start of the year (Nouvelle Literie, Bonobo, Maison 123, Karenza, Le Repaire des Sorciers, Borgan Couture and Cache-cache);

- three other projects are planned, including the opening of Danish retailer Normal, a first for the Seine et Marne region;

- the centre’s longstanding retailers (Jeff de Bruges, SFR, Valège and Courir) are to revamp their stores in line with their latest concepts.

Marquette, a concept store for French digital native vertical brands

At the Labège 2 shopping centre in Toulouse, Carmila joined forces with Digital Native Group to open Marquette, its first concept store. Marquette is dedicated exclusively to Digital Native Vertical Brands (DNVB).

This unique space gives some of France’s most on-trend labels (My Jolie Candle, Faguo, Cabaïa, Nooz, Les Miraculeux, Merci Handy and Le Chocolat des Français) a showroom of close to 300 sq.m. to display their best-selling online products. This collaborative brick-and-mortar store concept proposes a wide range of cosmetics, ready-to-wear, accessories, confectionery, wellness and other products, and aims to bridge the gap between physical and online retail. The new store thereby provides these popular online brands with the opportunity to raise their profile.