• Castellana Properties acquired the asset one month after its reopening, on 13 March 2025.

• Between February 2025 and January 2026, the centre’s sales grew by 3%.

• During this year, 15 new brands opened at the shopping centre, bringing occupancy to 98.5%.

• Over 150 direct jobs were created at the shopping centre during the year.

The Bonaire shopping centre is celebrating this week the first anniversary of its reopening following the DANA on 13 February 2025. Castellana Properties, a company specialising in the acquisition and active management of shopping centres and retail parks in Spain and Portugal, acquired the asset on 13 March 2025 — just one month after its reopening — for €305 million. Since then, the company has driven an active management strategy focused on commercial revitalisation, improving the visitor experience and strengthening Bonaire’s positioning in the Valencia metropolitan area.

Between February 2025 and January 2026, the centre’s sales increased by 3%, consolidating its recovery and reaffirming its role as one of the main economic drivers in the Aldaia area and its surroundings. During this period, Bonaire strengthened its retail mix with the opening of 15 new brands, creating more than 150 direct jobs. In total, the shopping centre currently employs around 2,300 people and has reached an occupancy rate of 98.5%, reflecting operators’ confidence in the project.

Footfall has also evolved positively, with sustained month-on-month growth. Between December and January alone, Bonaire recorded more than 2 million visits, confirming the recovery of customer traffic and the centre’s appeal as a leading retail and leisure destination.

During this first year since reopening, the underground car park has also fully reopened, improving accessibility and convenience for visitors, alongside upgrades to the access infrastructure to the shopping centre. With the centre now operational and continually improving, the objective for this year is to reach pre-DANA activity levels, with the complex operating at 100% of its capacity.

Javier Hernández, Portfolio Coordinator for Castellana Properties in Spain, commented: “At Castellana Properties we are long-term investors and active managers of the shopping centres in our portfolio. This first year has been key to the launch and consolidation of Bonaire. The results support our strategy and reinforce our efforts to ensure Bonaire is an economic driver for its entire catchment area and for Valencia.”

Similarly, Castellana Properties is analysing a potential expansion project of around 10,000 m², aimed at expanding the retail and leisure offer and reinforcing Bonaire as a meeting place for the people of Valencia.

“Bonaire is better than ever and reaffirms its role as an economic and social driver for Aldaia and neighbouring municipalities, facing the future with a strategy focused on value creation, attracting new brands and the continuous improvement of the visitor experience,” Hernández added.