• The portfolio of shopping centres owned by Castellana Properties reached a historic record of 92.5 million visits in 2025, 1.9% higher than in the previous year. Between April 2025 and February 2026, footfall increased by 3.3%.
• Retailer sales rose by 4.1% between April 2025 and January 2026, with growth across all major categories.
• Between April 2025 and January 2026, the company signed a total of 254 lease agreements across its Iberian portfolio (103 renewals and 151 new leases), covering a total gross lettable area (GLA) of 51,312 sqm and a total value of €17.2 million.
• The company maintains occupancy levels of 99% across its portfolio and a rent collection rate of 98.3% at group level.

Castellana Properties, a listed company specialising in the acquisition and management of shopping centres and retail parks in Spain and Portugal, presents the operating results for its financial year, reporting solid operational performance with significant growth in both footfall and sales across its asset portfolio. Between April 2025 and February 2026, footfall across the portfolio increased by 3.3% compared to the same period the previous year, a direct result of the company’s active asset management strategy. Over the full calendar year 2025, the shopping centre portfolio reached a historic record of 92.5 million visits, an increase of 1.9% compared to 2024.

Among the assets, El Faro stands out in particular. Following completion of its refurbishment project, it recorded a 21.3% increase in footfall compared to the previous year, closing the year with nearly 10 million visits—its highest level to date. Meanwhile, Granaita Retail Park also delivered strong performance, driven by improvements to its tenant mix, exceeding 8 million visits, a rise of 7.4%. Vallsur and Bahía Sur likewise maintained positive trends, with increases of 4.0% and 3.1% respectively, reflecting the impact of value-creation initiatives implemented in recent years.

Retailer sales also delivered positive results. Between April 2025 and January 2026, sales increased by 4.1% year-on-year, consolidating the strong performance of the portfolio. Looking specifically at the period from January to December 2025, sales growth stood at 3.1%. Growth was recorded across all key retail categories. Fashion led the increase at +5.8%, followed by Food & Beverage (+4.6%), Health & Beauty (+2.5%), Home (+1.8%), and Leisure, Media & Technology (+1.8%).

Between April 2025 and January 2026, the company signed a total of 254 lease agreements across its Iberian portfolio, of which 103 were renewals and 151 were new leases. These agreements represent a gross lettable area (GLA) of 51,312 sqm and a total value of €17.2 million. In Spain, 194 leases were completed (67 renewals and 127 new leases), representing 43,143 sqm of GLA and a value of €13.8 million. In Portugal, 60 agreements were signed (36 renewals and 24 new leases), totalling 8,169 sqm of GLA and €3.4 million in value.

In terms of occupancy, Castellana Properties’ portfolio continues to deliver benchmark levels in the market. As of the end of January 2026, group occupancy stands at approximately 99%, with a strong rent collection rate of 98.3%, reflecting the strength of the assets and the quality of the tenants within the portfolio.

Julio García, Chief Operating Officer of Castellana Properties, stated: “The solid results we are achieving in both footfall and sales reflect the success of our active management strategy. Growth in footfall and sales, together with near-full occupancy levels and high leasing activity, demonstrate the strength and resilience of our portfolio. We will continue to focus on optimising the tenant mix, enhancing the customer experience and generating sustainable value for our stakeholders across both markets.”