• With these acquisitions, the gross value of the company’s portfolio exceeds €1.6 billion, nearly 60% more than the previous year.
• The Spanish portfolio reached a record figure of 46.5 million visits in 2024, an increase of 3.8% compared to the same period in 2023. The assets in Portugal recorded a 3% rise in footfall.
• In terms of sales, Spanish assets saw a 4.3% increase in 2024 compared to the previous year, while in Portugal they grew by 6.7%, with all categories in both countries showing growth.
• The company signed 228 leases across Spain and Portugal, valued at €13.6 million, representing 48,077m² of GLA. These included 102 renewals and 126 new contracts.

Castellana Properties, a listed company and a leading player in the retail real estate sector, has concluded a financial year in which the gross value of its portfolio has grown by nearly 60%, surpassing €1.6 billion across 20 assets. Over the course of this financial year, it acquired five new assets worth more than €580 million: Riosul and LoureShopping in the Lisbon region, 8ª Avenida in Porto, Bonaire in Valencia, and 50% of the Alegro Sintra company, through a joint venture with Ceetrus.

Furthermore, the company ended the financial year having reached a historic high of 46.5 million visits across its Spanish portfolio in 2024, representing a 3.8% year-on-year increase. This growth was especially notable at El Faro (Badajoz), Bahía Sur (Cádiz), and Puerta Europa (Cádiz) shopping centres, which all set new footfall records—exceeding eight million visits at the first two and five million at the third.

In Portugal, Castellana Properties’ assets also performed strongly, with a 3% increase in footfall during 2024 compared to 2023. All assets posted positive results, with LoureShopping standing out thanks to a 5.5% rise, achieving more than six million visits in 2024—its highest ever.

Castellana Properties continues to consolidate its position in the market with solid indicators. In January 2025, the company reached an occupancy rate of 98.2% in Spain. Additionally, as of 28 February 2025, its collection rate stood at 99.7%. In Portugal, its assets also show robust performance, with a 97.9% occupancy rate and a collection rate of 93.6%.

In line with this strong performance, the company signed a total of 158 leases in Spain, valued at €10.9 million and covering 39,573 m² of GLA. Of these, 55 were renewals and 103 new leases. In Portugal, 70 leases were signed, comprising 47 renewals and 23 new contracts, worth €2.7 million and covering a total of 8,504 m² of GLA.

Additionally, between April 2024 and January 2025, sales in Spain increased by 4.3% compared to the same period the previous year. This growth was particularly notable in categories such as homeware (+7.5%), health & beauty (+7.3%), food & beverage (+6.0%), and fashion (+3.3%), with solid performance also seen in leisure & entertainment and food retail. Portugal likewise recorded growth across all categories, particularly in fashion (+5.0%), with strong performances in food & beverage and homeware.

Alfonso Brunet, CEO of Castellana Properties, stated: “This year has undoubtedly been pivotal for Castellana Properties. We’ve grown by nearly 60% across Iberia, expanded into new markets, and continued to break records in the operational performance of our portfolio—clear evidence of the talent within our company and our active asset management approach. Thanks to our team’s efforts, we’re making a real impact in the communities where we operate and continuing to grow in both Spain and Portugal, focusing on opportunities where we can create value.”