• Castellana Properties currently holds 18 assets in its portfolio, which includes shopping centres, retail parks and offices, comprising a gross leasable area of 373,022 m² with an occupancy rate of 98.63%

• Gross rental income (GRI) for the last six months amounted to €28.3M and 74 new leases were signed in the period. These contracts were signed at an average rent per square metre level 19,17% above average current passing rents per square meter.

• The Portfolio value has risen to €1.028M, due to growth in the value of its existing assets and the new acquisitions made in the period for an amount of €97.2 M

Madrid, November 14, 2019.- Castellana Properties, specialist in the acquisition, management and rehabilitation of retail real estate assets, and listed in the Alternative Equity Market (MAB), has published today the financial results for the first half of the fiscal year 2020, as the company's fiscal year runs from April to March. The half-year results cover the period from 1 April to 30 September 2019. The company has achieved a consolidated net profit of €33.8M, 84% above that of the same period of the previous year, and an EBITDA of almost €23.8M.

Gross rental income (GRI) for the last six months amounted to €28.3M, which represents growth of 13.30%. During this period, 74 leases were signed, including renewals and new contracts. These contracts affect 30,228 m² and the average rent per square meter rate signed on these leases is 19.17% above current average passing rental rates.

The Board of Directors of Castellana Properties has agreed to distribute €19.1M to its shareholders, with a dividend of 0.22 euros per share.

After the acquisition of Puerta Europa shopping centre (Algeciras) at the end of July for €56.8 million, Castellana Properties holds 18 assets in its portfolio, including shopping centres, shopping parks and offices that occupy a gross leasable area of 373,022 m². Its occupancy rate is 98,63%, 0,71% higher than the figure at the end of March 2019.

In addition, in the last six months Castellana Properties has carried out several transactions that have added value to the company's portfolio. It has acquired Phase II of Parque Comercial Pinatar Park (Murcia) for €3.59M and El Corte Inglés and Hipercor of Bahía Sur (Cádiz) and Los Arcos (Sevilla) shopping centres, for €36.8M.

Confirming its commitment to consistently improving its portfolio, Castellana Properties has commenced its repositioning projects in the shopping centres of Los Arcos, Bahía Sur and El Faro in order to increase and improve its commercial offer and customer experience. These projects will involve an investment of €28.6M and the addition of approximately 42 new brands.

At the end of this half-year, the value of Castellana Properties' portfolio reached €1.028M, as a result of the revaluation of its assets and the new purchases that amount to €97.2M excluding acquisition costs.

In addition, the active management of the portfolio has allowed the firm to have very positive results in terms of footfall and sales. The number of visits to our shopping centres has increased by 5,3% (6 percent above the market average) and sales have risen by 3,2% in the entire retail portfolio between April and September, compared with the same period last year (1,8 percent above the market average).

Alfonso Brunet, CEO of Castellana Properties, states that "the company is on the right path and these half-year results, with a consolidated net profit of €34M, demonstrate the exceptional work of all of us at Castellana Properties. The figures support us and we hope to continue growing at this good pace. Castellana Properties will continue focusing on retail in Spain, and at the same time we will analyse opportunities to continue growing".