French retail giant Carrefour is understood to be looking at spinning off its property unit or considering an initial public offering.

The unit is estimated to be worth around EUR11bn (US$14.65bn) and an IPO or spin-off would be part of the retailers attempts to return money to its shareholders, Reuters reported today (16 December).

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

According to sources, Carrefour has started work on the transaction, with investment banks UBS and Rothschild already mandated.

A decision is expected to be made in the first half of 2011.

Carrefour did not return comment when contacted by just-food.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact