Press area
08
Jul
2024
Castellana Properties presents the new phase of the Los Arcos refurbishment to the Mayor of Seville
A total of €23.8 million has been invested to fund the centre’s refurbishment, which will add a further 5,732 sqm to its gross lettable area (GLA)
18
Jun
2024
Castellana Properties publishes its ESG Report for FY24 in line with its commitment to sustainability
The company's ESG Report for FY24 outlines the initiatives and milestones delivered by the company on environmental, social and governance aspects in its 2024 financial year
13
Jun
2024
Castellana Properties sells Mejostilla Retail Park in Cáceres to Iroko Zen for close to €9 million
The park has a total area of 7,317 sqm and sits within a catchment area of more than 130,000 people.
As part of its commitment to innovation and digitalisation, Castellana Properties has updated its customer-facing websites and apps, with integrated support for online promotions, discounts and events offered through its existing Loyalty Programme
Castellana Properties’ portfolio is now valued at €1,201 million (gross) as of the end of March 2024, marking a year-on-year uplift of 7.4%
Castellana Properties continues to achieve record results with 44.8 million visitors in 2023, up 6.4% on 2022, itself a historical high point for the company.
The agreement will lend support and impetus to the shift towards a sustainable future for the built environment, drawing on Castellana Properties’ insight and experience as a retail sector innovator
This special roadshow will be touring Castellana Properties’ six shopping centres, plus the Granaita retail park, between February and August 2024
24
Jan
2024
Castellana Properties signs joint venture with Sunbird to roll out photovoltaic panels across its portfolio
The agreement aims to provide locally produced renewable energy to both the Property Owner Associations of its shopping centres and their retailers at a competitive fixed price, with no requirement for them to provide up-front investment
Following a total investment of €16.7 million, Castellana Properties is now focused on the second phase of the project, scheduled for completion in late 2024
16
Nov
2023
Castellana Properties books EBITDA of EUR 27.5 million in H1 2022, 12.3% up year-on-year
The company posted gross rental income (GRI) for the period of EUR 35.3 million, up 12.9% year-on-year and operating profit (EBITDA) of EUR 27.5 million, up 12.3% versus H1 2022.
The company has again obtained a long-term BBB- (Investment Grade) rating, with a ratings outlook of stable
04
Oct
2023
Castellana Properties obtains 4-star rating in its second year in the GRESB Real Estate index
The company has once again excelled in the Management category, earning 28 out of 30 possible points.
The company picked up an extra point in the Trust Index and upped its confidence score to 92% — reflecting a longstanding dedication to a positive team culture
21
Sep
2023
Castellana Properties moves to bring Dark Kitchens to its shopping centres, in partnership with Booh! Food
Los Arcos Shopping Centre in Seville will be the first to see its own operational dark kitchen based on Booh!’s “Bright Kitchen” concept
19
Sep
2023
Castellana Properties acquires former Hipercor site in El Faro, with plans for six new retail units
The company plans to begin work at the site towards the end of this year, ready to welcome six new retailers by late 2024. The deal is another added bonus for El Faro as it continues to diversify its brand lineup and bring more choice to consumers in Extremadura
13
Sep
2023
Castellana Properties receives GOLD EPRA BPR and sBPR awards for transparency in financial and ESG reporting
The retail specialist has reaffirmed its position as a market leader at Europe’s most prestigious real estate awards, claiming a gold rating for financial reporting for the third year running plus a second consecutive gold in ESG
With this new campaign, Castellana Properties continues to build on its pledge to spotlight social issues through innovative and transformative initiatives, creating new spaces of interaction and making a positive impact on the regions in which it operates
The new certifications, issued by testing and inspection company SGS in accordance with ISO standards 14001 and 50001, come as further confirmation of the real estate firm’s commitment to fulfilling its ESG strategy
The company today published its results for the fiscal year ended 31 March 2023, up 10.9% year on year
The new ramp will make the pedestrian bridge that runs between the city centre, the railway station and Bahía Sur accessible to all visitors
This initiative, inspired by the famous legend of King Arthur, is a further demonstration of the Company’s commitment to transforming its shopping centres into leisure and entertainment spaces that offer fun for all the family and so much more than a traditional shopping experience.
More than 25 postgraduate students have taken part in the challenge to come up with new business models for retail parks and shopping centres
Alvaro Moreno’s new store in the Granaita retail park will be its largest in Spain.
The initiative, inspired by legendary King Arthur, will see its shopping centres turned into medieval spaces offering a whole host of specially-themed shows, parades, activities, games and prizes for all the family.
The Company’s shopping centres dedicate approximately 7-10% of their annual marketing budget to creating and rolling out different ESG initiatives.
The New Retail Challenge, which gets underway today and will run until 13 February, will give businesses the opportunity to prove they offer a viable proposition for the retail industry.
It’s another innovative move for the company in its bid to offer customers a unique shopping experience.
23
Nov
2022
Castellana Properties books net profit of EUR 26.4 million in H1 2022, 55.4% up year-on-year
The Castellana Properties portfolio – comprising 16 shopping centres and retail parks – offers a combined gross lettable area of 350,085 sqm and has achieved a value uplift of 1.1% in like-for-like terms, with its gross value climbing to €1,105 million,
08
Nov
2022
Castellana Properties launches FutGo! Qatar across all of its shopping centres and Granaita retail park
The campaign, which is part of the Qatar 2022 World Cup celebrations, kicked off last Friday and will run until 18 December
GRESB, the leading global benchmark in assessing companies’ ESG performance has recognised the concerted effort made by Castellana Properties, awarding it a score of 75 out of 100.
The firm continues to roll out its energy efficiency and sustainability strategy, which aims to both reduce electricity consumption and actively encourage environmental best practices
The Company obtained the top award in both the category recognising accuracy and transparency in financial reporting (BPR) and in the sustainability best practices category (sBPR)
This venture is designed to help drive an efficient and accessible transition towards electric mobility in line with the strategic objectives of both Castellana Properties and Shell
06
Sep
2022
Castellana Properties launches the "Date al Play" campaign to combat sedentary lifestyles
The main objective is to encourage healthy lifestyle habits and raise awareness on the dangers of a sedentary lifestyle
The report highlights a trust index score of 91%, 4 points up on the previous edition
Following the announcement of its fiscal year 2022 results, the company has presented its first ESG report and unveiled its 2025 ESG strategic plan, focusing on eight key sustainable development goals
13
Jun
2022
Castellana Properties named winner of three separate categories at the XVIII AECC Conference
The company received: the “Award for best CSR Initiative” for its “No lo sigas” campaign, the “Award for best small-scale refurbishment” for Los Arcos shopping centre and an “Honourable mention for the best full-scale redesign” for Bahía Sur
The company posted net profit for the period of €46 million and gross rental income (GRI) of €58.8 million, up 3.06% year on year and 3.8% versus pre-Covid levels.
His appointment demonstrates Castellana Properties' unrelenting drive to lead the transformation of the retail sector in Spain.
The credit rating serves as an acknowledgement of Castellana Properties’ hard work and dedication since it first debuted on the BME Growth in July 2018, paying testament to the firm’s excellent management throughout this time and also demonstrating the retail sector’s potential in Spain.
The company brings circus-filled entertainment to all its shopping centres and the Granaita retail park.
This agreement, a clear sign of the confidence credit institutions have in Castellana Properties, places the company’s average debt maturity at 5 years.
The acquisition of the stake, at a c.48% discount to the Net Tangible Asset Value, represents a very attractive financial investment, combining a high dividend yield with long-term capital appreciation potential.
25
Jan
2022
Castellana Properties successfully concludes Bahía Sur repositioning project as it opens new Primark store
The new Primark store is the last in a long line of new openings at the centre and marks the end of the renovation and investment plan that the company first began to roll out in 2019.
20
Jan
2022
Two Castellana Properties shopping centres receive three nominations for the 2022 BREEAM Awards
The company’s excellence in environmental and sustainability management shines through once again.
The company’s recent initiative, ‘Dale #Unfollow CiberBullying’, aimed at tackling online bullying among children and young people, was declared the winner of the ‘Web, Apps and Gaming’ category under the ‘Digital and Mobile’ section’.
17
Dec
2021
Castellana Properties opens its first Red Cross station at El Faro shopping centre in Badajoz, Spain
As part of its continuing efforts towards a safer shopping experience, the company is launching the first free concession of its kind, where visitors can seek medical assistance Monday to Saturday from 10 a.m. to 10 p.m.
18
Nov
2021
Castellana Properties returns to pre-pandemic levels and sees net profit hit EUR16.9 million
The company has published its half-yearly results for its financial year which demonstrates that its business operations are well and truly rallying once again. From April to September, Castellana Properties registered EUR23 million in recurring EBITDA and EUR16.9 million in net profit.
All of Castellana Properties’ shopping centres have now received the BREEAM seal of approval, marking a milestone in its stated mission to promote sustainability and respect for the environment
The retail specialist was among the top performers in Europe’s most prestigious real estate awards.
14
Sep
2021
The Mayor of Seville visits Los Arcos where Castellana Properties will invest a further €15.6 million
Today, the Mayor of Seville, Juan Espadas Cejas paid a visit to Seville’s leading shopping centre just before the new extension and refurbishment plans designed by Castellana Properties are due to get underway.
This latest initiative adds to the more than 200 measures that Castellana Properties has already put in place as part its health and hygiene protocol designed to curb the spread of COVID-19 and offer its customers the best and safest experience across all of its shopping centres.
21
Jun
2021
Castellana Properties agrees sale of two office properties to a European fund for €26.5 million
This deal forms part of the Socimi’s strategy to both become a pure retail player by selling non-strategic assets, ¬and to continue investing in its core properties.
Castellana Properties today published its results for the last financial year. The company posted an EBITDA of €26.5 million after providing its tenants with temporary rental discounts during the pandemic.
21
May
2021
Castellana Properties, the first real estate company to be certified Great Place to Work® in 2021
Great Place to Work in 2021 Certification recognises its highly trustworthy and fair business culture, along with its capacity to attract and retain talent.
19
May
2021
Castellana Properties teams up with Flexible Places to digitalise short-term rental processes
Habaneras, Los Arcos, El Faro and Puerta Europa, have all teamed up with Flexibleplaces.com to offer their unique spaces to tenants at each of these shopping centres, making it easier to rent them on a short-term basis via its online platform.
For the duration of the campaign, each shopping centre will organise educational events, workshops and activities in schools, as well as online initiatives, competitions and fund-raising efforts to draw attention to this harmful social issue
13
Apr
2021
Castellana Properties to invest €15.6 million in expanding its food and leisure offering at Los Arcos
This plan includes the addition of a new leisure and dining area at Los Arcos with 12 new brands, keeping the shopping centre ahead of the curve with a more diverse retail mix, and further consolidating its position as the go-to shopping destination in Seville.
03
Feb
2021
Castellana Properties expands the commercial offer of Los Arcos and Bahía Sur with Espaço Casa
The Portuguese company, leader in retail sales and specialized in the commercialization of household goods, will occupy a total surface area of 2,370 sqm in both shopping centres. These openings join the 29 new brands that have been opened or refurbished in these shopping centres over the last year.
The company posted an EBITDA of €9.2 million and Funds from Operations (FFO) of €2.3 million, while its gross rental income stood at €15.2 million
27
Oct
2020
Castellana Properties gets behind innovation, one of its core values, with the new iCast programme
The initiative was first conceived in January 2020, and its Its launch comes as a further demonstration of Castellana Properties’ uncompromising commitment to innovation, one of its core values for the future
09
Oct
2020
Castellana Properties further expands its retail mix at Los Arcos with the arrival of Mediamarkt
This new arrival, which reaffirms Los Arcos as Seville’s leading urban shopping centre, comes after more than 10 new store launches at the centre over the course of this year.
The company approved today its annual financial statements at its Ordinary General Meeting of Shareholders, in which it achieved an EBITDA of €44 M, a 58% increase on the previous year, and a distribution to its shareholders of €40.4 M with a dividend of 0.47 euros per share.
23
Jun
2020
Castellana Properties ends its second year of listing with an EBITDA of €44 million, up 58%
The company has achieved an EBITDA of €44 million, and a net profit of €17.1 million. Funds from Operations (FFO) is €40.5 million, 96% above the previous year.
21
May
2020
Castellana Properties donates €58,000 from its Solidarity Fund in educational and health materials
Through its social action fund, the firm continues to collaborate in the fight against Covid-19 by supporting vulnerable groups with special needs in the areas where it has shopping centres and parks.
The company will implement more than 200 hygiene and health, social distancing and awareness measures in each of its shopping centres as soon as the relevant authorities allow their reopening. The aim of these protocols will be to ensure the highest level of health and safety for employees and customers.
The firm has allocated 50,000 euros, part of its budget, to food and essential products to local associations such as the Red Cross in Cádiz or the Food Bank of Cádiz, Seville, Granada, Campo de Gibraltar, Badajoz, Valladolid and Solidarity Foods of Alicante so that they can cope with the exponential increase in aid requests during the present state of alarm.
14
Feb
2020
Castellana Properties publishes its asset book
Castellana Properties publishes an extensive document that includes detailed information on all its assets, with data as of the end of September 2019. In addition, it mentions the pillars and competitive advantages of the firm such as its specialization in retail, the robust and healthy growth experienced by the company, the active management of its portfolio and the focus on the latest market trends, among others.
The shopping centres of Castellana Properties recorded a 3.9% increase in their visitors last year. This figure exceeds the national average, recorded by ShopperTrak, by almost 6 percentage points, which was -1.9%.
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.
The retail park, owned by Castellana Properties, has been chosen as the best company in job creation by the readers of Actualidad Económica.
These awards have a long tradition as well as considerable prestige among the business world.
In the first 6 months after the remodeling of the park in which Castellana Properties invested 5.5 million euros, more than 1,700 jobs have been consolidated.
• After its opening, 98.5% would recommend the shopping park to their friends and family and 99.1% are very satisfied or satisfied with the renovation
• July was the month with the highest number of visits, with 21% more than in 2018
• 52.6% of Granaita's visitors state that what they appreciate most is the new offer in fashion, leisure and restaurants
• Castellana Properties' investment of €5.5 M has improved and optimised the commercial mix of the park and increased the occupancy rate to 98%
Castellana Properties has received the EPRA Silver Award 2019 in its first participation in the Annual Report Survey “EPRA Sustainability Best Practices Recommendations (sBPR)”. EPRA’s mission is to promote, develop and represent the European listed real estate companies. The annual survey report, conducted by Deloitte, defines the best practice guidelines for financial and non-financial information to be implemented by listed property companies.
01
Aug
2019
Castellana Properties continues growing by acquiring Puerta Europa shopping centre in Algeciras for €56.8 M
This space located on the side of the A-7, with a strategic location just 15 minutes drive from the port of the city and within walking distance from the centre of Algeciras, has a gross lettable area of 29,757 m².
These new spaces will have the latest technology in sound, image and comfort for the spectator as well as large screens.
This project meets the strategic objectives of Castellana Properties, of improving its assets by adding value through active asset management.
The deal, which has been signed for €3.59M without transaction costs, expands the total gross lettable area of Castellana Properties' assets to 343,147 m², after the acquisition of El Corte Inglés' assets in Los Arcos and Bahía Sur shopping malls last May.
The purchase, which has been concluded at price of €36.8M excluding transaction costs, represents additional value for Los Arcos and Bahía Sur, improving and increasing their commercial, food and leisure offering by 13% with approximately 23 new brands.
16
May
2019
Castellana Properties reports a net profit of €46.5 million in its first year of listing
Castellana Properties has published today its results for the 12-month period from 1 April 2018 to 31 March 2019. The company has generated a net profit of €46.5 million and an EBITDA of €28 million.
08
May
2019
Castellana Properties carries out its rebranding with the launch of a new website and an updated logo
This new corporate identity represents the transforming and innovative spirit of the company, which has a reliability that is reflected in its stable, predictable and growing revenues.
The Spanish REIT, listed on the Alternative Equity Market (MAB), currently owns 15 shopping centres and retail parks in Spain as well as two office buildings with a value close to 900 million euros.
The new retail and leisure park is the result of a merger between Parque Kinépolis and Alameda Shopping Centre and is the largest in the entire province, boasting a total area of 130,000 sqm and featuring over 80 retailers.
Castellana Properties has invested a total of €5 million in upgrading Granaita, providing an economic boost and a stronger leisure offering for the local population.
The efforts carried out by Castellana Properties at Granaita will help to safeguard the 1,700 existing jobs.
Castellana Properties has today approved in the General Shareholders Meeting the appointment of Debora Santamaria as executive director of the Board of Directors.
27
Nov
2018
Shareholders’ Meeting of Castellana Properties approves the purchase of four shopping centres
The value of the transaction, totalling €490M, more than doubles the value of the Castellana portfolio
The transaction increases the portfolio Gross Lettable Area (GLA) under management to 318,622 m2
After this transaction, Castellana Properties will be the ninth largest Socimi by market capitalisation
15
Nov
2018
Castellana Properties achieves a net profit of €18.5 million in the first half of the year
Castellana has published today its interim results, as at 30th September 2018 with a net profit of €18.5 million. The Portfolio Gross Asset Value is €406.3 million, an increase of 11.7% over the acquisition prices of the assets net of transaction costs. The company will distribute €7.7 million (€0.23 per-share) to its shareholders.
ENG - El valor de la operación asciende a 490 millones de euros, más del doble del valor actual del porfolio de la compañía. Esta operación propuesta supondría incrementar la superficie alquilable gestionada por la compañía en más de 121.000 metros cuadrados.
The company made a debut with a share value increase of 5%.
Initial value of shares is 6 euros.
The listing operation aims at transforming the company in the referential REIT for the retail sector.
Renta 4 Corporate acted as registered advisor, and Renta 4 Bank as liquidity provider.
23
Jul
2018
Castellana Properties prepares the incorporation to the Spanish Alternative Stock Market
The Alternative Stock Market approves the incorporation of Castellana Properties Castellana Properties prepares the incorporation to the Spanish Alternative Stock Market The operation will be a listing, aiming at transforming the company in the...
Castellana Properties has approved today in the General Shareholders Meeting the incorporation of Guillermo Massó and Jorge Morán to the Board of Directors.
Castellana Properties has closed the acquisition of Habaneras Shopping Centre, located in Torrevieja (Alicante) and paid for it 80.6M€.
Vukile Property Fund today confirmed that it has wrapped up the acquisition of a further two retail assets in Spain through its Spanish REIT subsidiary Castellana Properties Socimi. In July this year, Vukile announced it had acquired 11 Spanish retail...
03
Jul
2017
Castellana Properties SOCIMI makes a debut investing 193 million euros in 9 retail parks
Vukile Property, South African REIT, partners with the Morze family to buy nine retail parks for 193 million euros, with a total surface for rent of 117,670 square meters. Vukile closed the transaction through the subsidiary Castellana Properties.
Communication contact
Raquel Astibia Mahillo
+34 691 85 15 85
Ana Cabirta
+34 91 702 71 70 (Ext 170)
Poeta Joan Maragall 38
Ed. Cuzco II 8º 9º
28020 Madrid
