Amid an ownership shake-up following its acquisition by Evoriel, shopping centre operator Advantail has signed with Formality to digitise the management of commercial leases and contracts across Europe, mind Retail has learned. Advantail CMO Vincent Moreau and start-up Founder Eliott Reilhac detail how the AI platform reshapes the contract lifecycle for commercial property operations.
Freshly acquired by Evoriel on October 29, Advantail, which manages 20 shopping centres across Europe (France, Switzerland and Belgium, sales 2025 : €9 million, net result between 1 and 1.2 million) has signed an agreement with the start-up Formality to digitise all its contracts, including commercial leases, mind Retail has learnt. Founded by Eliott Reilhac in 2023, Formality (20 clients, undisclosed ARR and €8 million raised in equity in 2024) uses AI to centralise and structure contract management.
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Article authors
Sophie Baqué
Chief Editor of mind Retail