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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.
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.
Great Place to Work in 2021 Certification recognises its highly trustworthy and fair business culture, along with its capacity to attract and retain talent.
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
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.
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
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
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.
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.
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.
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.
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.
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.
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.
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
Castellana Properties has today approved in the General Shareholders Meeting the appointment of Debora Santamaria as executive director of the Board of Directors.
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.
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...
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.