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Presentation of the Carrefour group

Detailed presentation of the Carrefour group

Property assets

1.2.4

For Carrefour, tangible fixed assets mainly include sales areas operated In 2015, Carrefour continued to invest in upgrading its assets. The

by the Group. At the end of December

2015, the Group was operating Group is proceeding with several remodelling programmes across

17.5

million sq.m. of sales area through its under banners store various formats and in the majority of the countries where it operates.

network. The Group’s ownership strategy for its stores depends on the In France, for example, Carrefour renovated 16 hypermarkets and 119

country and the format. In total, the Group owns most of the real

supermarkets in 2015, for a total of 103 hypermarkets and

estate associated with its stores. In France, Spain and Italy, the store 319

supermarkets renovated since 2013. In Brazil, 36 hypermarkets

real estate is owned by Carrefour Property. Since June

2012, these have been updated since the programme was launched.

assets plus the real estate activities at the international level – have With the creation of Carmila, in which the Group holds a 42% stake,

been grouped together under the responsibility of a Group Executive Carrefour has enhanced the vitality of the commercial ecosystem by

Director for Assets, Development and New Ventures.

simultaneously renovating shopping centres, stores and parking areas.

Details of asset ownership are given in Note

6 of the Consolidated This has resulted in friendly, attractive units that offer comfortable

Financial Statement for December

31, 2015, on page 175 of this

sales areas, appealing and connected retail environments, and services

document.

tailored to meet customer needs.

12

2015 REGISTRATION DOCUMENT