How it started
History
In the late 1990s, the food retailer company Casino Group delegated the management of their retailer properties in a new subsidiary, Groupe Casino Immobilière. In 2005, it was turned into a company with independent operations, which would go public itself, called Mercialys, although Groupe Casino retained a majority stake and therefore its control. Mercialys was listed on the Paris Bourse on November 1, 2005. The new company opted for the SIIC legal tax status for real estate investment trusts.
From Wikipedia’s article on Mercialys, shared under CC BY-SA 4.0.2