ASSET BOOK March 2022 - Castellana Properties
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ASSET BOOK March 2022
The Competitive Edge of Castellana Properties
SPECIALISTS BUILDING ROBUST COMMITTED TO HIGH QUALITY ACTIVE AT THE INCOME
IN RETAIL AND HEALTHY DELIVERING THE PORTFOLIO MANAGEMENT CUTTING-EDGE OF FOCUS
GROWTH HIGHEST STANDARDS THE NEW TRENDS
• Specialists in the • Driving up returns via • Committed • Market experts, • A unique and effective • Actively spearheading • Incentivised to achieve
Spanish retail healthy, sustainable to generating carefully handpicking management style new trends at its FFO growth
sector, with 16 retail and robust growth maximum ROI for its the properties that with an in-house team shopping centres
properties valued at shareholders are in line with the actively managing its • Stable Net Operating
c.€1,000M • Among the fastest company strategy entire portfolio • Omnichannel Income (NOI) with
growing Socimis in • Boasting strong retailing upside potential
• Management team recent years, now one corporate governance • Dominant assets in • Investing in its
formed by expert of the leading funds in with a highly catchment areas of properties to add long • F&B and leisure • Competitive dividend
professionals, the market experienced Board of c. 150,000 people or term value experiences yield as a focal point
boasting an average Directors more
of over 20 years • Selective capex & • Highly dynamic and • Active technology
experience development policy to • Integrity and • Highly diversified efficient team, able to management
ensure income growth transparency as core portfolio in terms quickly adapt when
• Supported by its values of property type, it comes to decision- • Creating our
anchor shareholder regions, categories making own innovation
which also brings a and tenants, offering programme, iCAST,
tried and tested track a low level of portfolio • Strong operational to adapt shopping
record in retail risk focus, committed to centres to emerging
integrating assets with consumer needs
local communities,
anticipating
customers’ needs and
supporting tenants
2
Castellana Properties Assets
9
4
8
16
14 RETAIL PARKS
11 12 7 Granaita
1
8 Parque Oeste
9 Parque Principado
5
SHOPPING CENTRES 10 Marismas del Polvorín
13 1 El Faro 11 La Heredad
2 Bahía Sur 12 La Serena
10
7
3 3 Los Arcos 13 Pinatar Park
15 4 Vallsur 14 Mejostilla
2
5 Habaneras 15 Motril Retail Park
6 6 Puerta Europa 16 Ciudad del Transporte
3
Total Portfolio
KEY FACTS* PORTFOLIO SPLIT BY GAV*
GLA ACQUISITION PRICE**
350,271 SQM €921.5M
AVERAGE BASE 70% Shopping Centres
GROSS ASSET VALUE*** MONTHLY RENT
30% Retail Parks
€1,000.8M 15.17 €/M²/MONTH
OCCUPANCY RATE WALE (EXPIRY)
98.40% 13.22 YEARS PORTFOLIO SPLIT BY GLA*
NET OPERATING COST RATIO
NET OPERATING COST RATIO (WITHOUT DISCOUNTS)
8.75% 8.26%
NATIONAL & INTERNATIONAL 55% Shopping Centres
TENANT COMPONENT
45% Retail Parks
93.80%
(*) Data from units owned by Castellana Properties at March 2022.
(**) Transaction costs not included.
(***) Excluding LAR ESPAÑA stake acquisition.
4
Retail Tenant Exposure
COMMERCIAL MIX BY GLA*
27.3% Fashion & Accesories 5.5% Leisure
12.6% Groceries 4.0% Others (Vacants included)
10.2% Household Goods 3.7% Pets
8.3% Sports 2.9% Culture & Gifts
8.0% Food & Beverage 2.4% Health & Beauty
6.4% DIY 2.4% Services
6.4% Electronics
(*) Data from units owned by Castellana Properties at March 2022.
5
TENANT PROFILE BY CONTRACTUAL RENT TOP 10 TENANTS BY RENT
4.2%
3.8%
Top 10 tenants 3.6%
28%
of retail base rent
2.7%
2.6%
2.4%
94% Large national and international tenants 2.3%
6% Local tenants
28% Top 10 tenants
2.3%
2.2%
Well diversified and low risk Retail portfolio with more
than 600 tenants, 94% of them National & International. 1.9%
6
Shopping Centres
1 El Faro 2 Bahía Sur 3 Los Arcos
Location Badajoz Location San Fernando (Cádiz) Location Sevilla
Total GLA 66,422 sqm Total GLA 56,624 sqm Total GLA 35,634 sqm
Units 107 Units 102 Units 75
Parking spaces 2,639 Parking spaces 2,818 Parking spaces 1,800
Catchment area 517,491 inhab. Catchment area 674,250 inhab. Catchment area 1,499,884 inhab.
4 Vallsur 5 Habaneras 6 Puerta Europa
Location Valladolid Location Torrevieja (Alicante) Location Algeciras (Cádiz)
Total GLA 35,770 sqm Total GLA 25,021 sqm Total GLA 29,783 sqm
Units 80 Units 61 Units 79
Parking spaces 1,870 Parking spaces 789 Parking spaces 1,958
Catchment area 477,746 inhab. Catchment area 531,670 inhab. Catchment area 311,110 inhab.
7
Shopping Centres Portfolio
KEY FACTS* COMMERCIAL MIX BY GLA*
GLA ACQUISITION PRICE
192,348 SQM €637.1M
GROSS ASSET VALUE ANNUAL FOOTFALL**
€691.2M 31.51M
AVERAGE BASE
MONTHLY RENT OCCUPANCY RATE
19.43 €/M²/MONTH 97.70% 42.5% Fashion & Accesories
11.3% Groceries
9.0% Food & Beverage
6.8% Leisure
NATIONAL & INTERNATIONAL
WALE (EXPIRY) 5.3% Others (Vacants included)
TENANT COMPONENT
11.26 YEARS 96.34%
5.1%
4.3%
Sports
Health & Beauty
3.8% Culture & Gifts
3.2% Electronics
2.8% Household Goods
NET OPERATING COST RATIO
NET OPERATING COST RATIO 2.6% Services
(WITHOUT DISCOUNTS)
9.62% 8.94%
2.6%
0.8%
DIY
Pets
(*) Data from units owned by Castellana Properties at March 2022.
(**) Annual footfall 2019.
8
1 SHOPPING CENTRE RIE ND
TF
PE
El Faro
LY
LY
PE
TF
RIE N D
LOCATION
Badajoz
TOTAL GLA
66,422 SQM
OWNED BY CASTELLANA PROPERTIES
61%
UNITS
107
ANNUAL FOOTFALL*
6.9M
PARKING SPACES
2,639
CATCHMENT AREA
517,491 inhab.
* Annual footfall 2019.
9
EL FARO ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
El Faro is the largest shopping and leisure centre of the region of Extremadura. Situated in Badajoz, the nearest
city to the Portuguese border, has a total area of 66,422 sqm of which 40,318 sqm are owned by Castellana
Properties. With 2,639 free parking spaces and more than 100 stores, the shopping center is the commercial
1 reference in the Extremadura Region, with a catchment area of c. 520K inhabitants.
El Faro is a commercial icon in the west of Spain and Portugal (Alentejo). Among its 107 stores there are
international brands such as Primark (the only store in the entire region), Inditex Group, Media Markt, Hipercor or
El Corte Inglés Outlet.
2
The shopping center has excelled the leisure experience with ‘El Patio’ with more than 1 million visits since the
inauguration. This new area, with an of investment of 5M, was nominated by the 2022 BREEAM Awards in the
3
“Regional Award Western Europe” category. Customers may find a Yelmo Premium Cinema and a wide range of
international restaurants like Burger King, Foster’s Hollywood or Ginos among others.
4 3
El Faro is deeply involved with the community through different initiatives and agreements with local authorities.
5 It has the BREEAM certificate which grants the rating of Excellence in Building Management and holds the
Universal Accessibility Certification (UNE 170001-2:2007) for being a commercial centre globally accessible and
6
without architectural barriers.
7
9 1 2 3 4 5
8
10
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 31/07/2018
0-30 min 44.5% Fashion & Accesories
Acquisition Price €152.7M 517,491 inhab 16.9% Food & Beverage
9.4% Leisure
Gross Asset Value €171.8M Alburquerque
La Roca de 7.8% Electronics
la Sierra
Average Base Monthly Rent 20.29 €/m²/month 0-20 min 4.9% Household Goods
184,153 inhab
4.1% Health & Beauty
Occupancy Rate 98.86% Portugal
3.2% Culture & Gifts
Elvas BADAJOZ
WALE (Expiry) 9.64 years Estremoz 3.1% Sports
0-10 min 2.9% Others (Vacants included)
National & International Tenant Component 96% 99,840 inhab 1.7% Services
Olivenza La Albuera
1.2% Pets
0.2% Groceries
* Data from units owned by Castellana Properties at March 2022.
102 SHOPPING CENTRE RIE ND
TF
PE
Bahía Sur
LY
H o n o u ra b
si g n
2022
re d e
AWARDS
LY
PE
a le
le
TF en
sc
m
RIE N D tio ll-
n fu
fo r th e b e s t
LOCATION
San Fernando (Cádiz)
TOTAL GLA
56,624 SQM
OWNED BY CASTELLANA PROPERTIES
62%
UNITS
102
ANNUAL FOOTFALL*
6.5M
PARKING SPACES
2,818
CATCHMENT AREA
674,250 inhab.
* Annual footfall 2019.
11BAHÍA SUR ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
Bahía Sur is located in the city of San Fernando (Cádiz) in a unique natural environment with views to the Bay of
Cadiz. It is very well connected to the city centre of Cadiz located next to the train station and the main sports
resort of the county. The shopping centre has a catchment area of c. 675K inhabitants, and it offers a modern
concept of retail in which shopping, leisure and natural spaces merge to create a unique place and experience.
1
Fashion, beauty, sports, home or hypermarket are present in over 102 stores and 56,624 sqm (of which 35,333
sqm are owned by Castellana Properties) with national and international brands like Zara, Mango or JD Sports.
Primark and other brands like Lefties, Kiwoko or Espaço Casa arrived recently, along with a new Premium Yelmo
Cinemas with the latest technology in a space of 3,000 sqm. Restaurant offering in Bahía Sur includes American,
Asian, Mexican, Italian or Mediterranean cuisine with different restaurants and coffee shops.
The transformation project was successfully completed in January 2022, covering different areas from bathrooms to an
2 3
overall interior design restyling. This project was nominated by the 2022 BREEAM Awards in the “Commercial Project -
4
In Use” category, and received an “Honourable mention for the best full-scale redesign” at the XVIII Conference of
5
the Spanish Shopping Centre Association (AECC). The shopping centre has a straightforward proposal: offer the visitor
a new model of shopping in a unique space. A privileged environment with lovely sunsets where visitors can ride
6 bicycles through its Natural Park, enjoy the views with free binoculars or take part in different entertainment activities
all year long. The Shopping centre has the BREEAM certificate which grants the rating of Excellence in Building
9
10 Management, the Pet-Friendly certification, and the ISO 14001 quality certification for waste, recycling and reuse.
7
8
1 2 3 4 5
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 31/07/2018 Jerez de la
Frontera
47.3% Fashion & Accesories
Acquisition Price €132.4M El Puerto de 10.8% Food & Beverage
Santa María
Gross Asset Value €147.2M 9.0% Leisure
Cádiz
Puerto Real 0-20 min 7.9% Sports
Average Base Monthly Rent 22.86 €/m²/month 342,105 inhab
7.0% Others (Vacants included)
Occupancy Rate 99.24% SAN FERNANDO
6.9% Culture & Gifts
Chiclana de la 4.4% Health & Beauty
WALE (Expiry) 11.30 years Frontera
0-10 min 3.9% Household Goods
192,152 inhab
National & International Tenant Component 96% 1.7% Services
Conil de la 0.9% Pets
Frontera
0-30 min 0.2% Groceries
674,250 inhab
* Data from units owned by Castellana Properties at March 2022.
123 SHOPPING CENTRE RIE ND
TF
PE
Los Arcos
LY
2022
AWARDS
LY
Be
t
PE
en
sm
st
TF
m
RIE N D all is h
- s c a l re f u r b
e
LOCATION
Sevilla
TOTAL GLA
35,634 SQM
OWNED BY CASTELLANA PROPERTIES
75%
UNITS
75
ANNUAL FOOTFALL*
6.3M
PARKING SPACES
1,800
CATCHMENT AREA
1,499,884 inhab.
* Annual footfall 2019.
13LOS ARCOS ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
Los Arcos, located in one of the most important areas of Seville, has a total area of 35,634 sqm, of which 26,680
sqm are owned by Castellana Properties. Divided into two floors of shopping galleries, Los Arcos is one of the
largest shopping centres in the city. With more than 75 brands, it is an urban reference in retail with one of the
1 largest and widest commercial mixes in the region with key brands such as Pull&Bear, Kiabi, C&A, City Cinema
First Floor
Union, Lefties, Deichmann, Primor, Bershka, Mcdonald’s or Foster’s Hollywood, among others. It also has a free
2
underground parking with 1,800 parking spaces. Opened in 1992 along with the Universal Exhibition, it was the first
Shopping Centre in Seville and, since 2013 has a completely renovated image and architecture, with wide and bright
corridors for a better customer experience. After the purchase of the Hypermarket surface by Castellana Properties
3 in 2019, the Shopping Centre has improved the commercial mix on the ground floor with international and national
brands like Mercadona, Media Markt, and Espaço Casa as key anchors. This recent upgrade received the “Award for
best small-scale refurbishment” at the XVIII Conference of the Spanish Shopping Centre Association (AECC).
4
5 The upcoming refurbishment project involves the office building adjacent to Los Arcos shopping centre, which
comprises over 4,146 sqm GLA and is arranged over four floors. The building will be transformed to increase the
leisure and food offering of Los Arcos, that will further cement its leading position in the city of Seville.
8
6
In addition, the shopping centre is committed to sustainable initiatives like supporting the local economy and
promoting clean energy sources, like the solar panels installed for self-supply electricity, amongst others. The
7
Ground Floor shopping centre has also the BREEAM certificate which grants the rating of Excellence in Building Management.
1 2 3 4 5
10
9
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 31/07/2018
0-30 min
Acquisition Price €125.7M 1,499,884 inhab 40.5% Fashion & Accesories
0-10 min 13.2% Groceries
Gross Asset Value €137.1M 552,803 inhab San José de
la Rinconada
11.5% Others (Vacants included)
Carmona
9.1% Electronics
Average Base Monthly Rent 23.93 €/m²/month Camas
5.4% Food & Beverage
Mairena del SEVILLE
Occupancy Rate 93.51% Aljarafe Alcalá de Guadaira 4.9% Culture & Gifts
Coria del Río 4.7% Household Goods
WALE (Expiry) 13.73 years Dos Hermanas
0-20 min
4.3% Health & Beauty
National & International Tenant Component 98% Los Palacios
Utrera 1,133,576 inhab 2.9% Services
y Villafranca 2.0% Sports
1.5% Pets
* Data from units owned by Castellana Properties at March 2022.
144 SHOPPING CENTRE RIE ND
TF
PE
Vallsur
LY
LY
PE
TF
RIE N D
LOCATION
Valladolid
TOTAL GLA
35,770 SQM
OWNED BY CASTELLANA PROPERTIES
98%
UNITS
80
ANNUAL FOOTFALL*
5.9M
PARKING SPACES
1,870
CATCHMENT AREA
477,746 inhab.
* Annual footfall 2019.
15VALLSUR ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
Vallsur shopping centre was opened in 1998 and is situated in a residential area that has been continuosly
1
2
developed since then. Its unbeatable location makes Vallsur the place chosen by thousands of citizens to
shopping throughout the year.
Second Floor
With 35,770 sqm (of which 35,212 sqm are owned by Castellana Properties) and 1,870 parking spaces, the
shopping centre was extended 3,000 sqm and was refurbished in 2013. In 2014 it received the Best Shopping
Center Renovation Award given by the Spanish Association of Shopping Centers (AECC).
3
4 The shopping center has 80 units that create a compelling offer of fashion, shoes, accessories and restaurants,
with brands like Zara, H&M, Forum Sport, Foster´s Hollywood, Druni, Xiaomi or KFC among others. In 2018,
5 Yelmo Cines opened in the shopping centre the second Premium cinemas in Spain with 8 top-quality screens.
First Floor
6
Since its inauguration, the shopping centre has a clear commitment to the environment, having implemented an
environmental management system in accordance with the BREEAM Certification.
7
8 1 2 3 4 5
9
Ground Floor
10
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 31/07/2018
40.6% Groceries
Acquisition Price €88.9M 26.4% Fashion & Accesories
0-20 min
424,259 inhab 7.0% Leisure
Gross Asset Value €83.0M 0-10 min
280,146 inhab 5.6% Food & Beverage
Average Base Monthly Rent 15.11 €/m²/month Zaratán VALLADOLID 4.1% Sports
Arroyo de
La Cistérniga 4.0% Others (Vacants included)
Occupancy Rate 96.10% la encomienda Tudela de
Duero 3.7% Services
Tordesillas Simancas
WALE (Expiry) 15.22 years 3.3% Health & Beauty
2.4% Culture & Gifts
National & International Tenant Component 97% 1.4% Electronics
0-30 min 0.9% Pets
477,746 inhab 0.6% Household Goods
* Data from units owned by Castellana Properties at March 2022.
165 SHOPPING CENTRE RIE ND
TF
PE
Habaneras
LY
LY
PE
TF
RIE N D
LOCATION
Torrevieja (Alicante)
TOTAL GLA
25,021 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
61
ANNUAL FOOTFALL*
4.2M
PARKING SPACES
789
CATCHMENT AREA
531,670 inhab.
* Annual footfall 2019.
17HABANERAS ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The shopping centre is located in the city of Torrevieja in the Alicante province, halfway between Alicante
1 and Murcia. Its catchment area comprises 530K citizens in a 30-minute drive radius with an added transient
population of 178K.
Second Floor
This modern shopping centre was built in 2005 with a total area of 25,021 sqm. It has around 61 stores
2
distributed in 3 floors. Two floors above ground level, and another floor underground that combines shopping
stores and parking. Habaneras is a centre of open-air Mediterranean architecture, where you can stroll peacefully
3 and enjoy the pleasant temperatures of southeastern Spain. The shopping centre sits within a retail park
4 alongside complementary superstores like Carrefour, Lidl, Mercadona, and other attractions such as a bowling
and an eight-screen IMF cinema. The parking area has 789 free parking spots, 698 underground and 91 at
First Floor 5 ground level with direct access from the street. Fashion retailers, including market leaders like the Inditex Group,
are particularly well represented . Amongst the anchor brands are Dealz (577 sqm), Forum Sport (2,000 sqm),
7
Zara (1,895 sqm), H&M (1,407 sqm), and the refurbished store of Leroy Merlin (4,940 sqm).
6 8
Habaneras is also fully committed with the sustainability of its facilities, which is evidenced by the BREEAM
quality certification. The shopping centre has a strict policy to save and increase the efficiency of energy
consumption, as well as the production of renewable energy in the building.
Ground Floor
9
1 2 3 4 5
10
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 09/05/2018 Crevillent
Elche
Acquisition Price €80.6M 43.8% Fashion & Accesories
0-20 min 19.7% DIY
Gross Asset Value €86.5M 236,898 inhab
9.3% Sports
Orihuela 6.8% Health & Beauty
Average Base Monthly Rent 18.89 €/m²/month
5.4% Others (Vacants included)
Occupancy Rate 98.28% 5.1% Food & Beverage
Murcia TORREVIEJA 2.8% Services
WALE (Expiry) 6.98 years 0-10 min 2.6% Culture & Gifts
97,777 inhab
National & International Tenant Component 97% 2.5% Groceries
0-30 min 1.1% Household Goods
531,670 inhab
0.6% Leisure
Los Alcazares
* Data from units owned by Castellana Properties at March 2022.
186 SHOPPING CENTRE RIE ND
TF
PE
Puerta
LY
LY
PE
TF
Europa
RIE N D
LOCATION
Algeciras (Cádiz)
TOTAL GLA
29,783 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
79
ANNUAL FOOTFALL*
4.8M
PARKING SPACES
1,958
CATCHMENT AREA
311,110 inhab.
* Annual footfall 2019.
19PUERTA EUROPA ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
Puerta Europa, located in Algeciras (Cadiz), is the most important shopping centre in the Gibraltar area. It is
located next to the A7 highway with easy access at only 15 minutes distance by car from the city’s harbour. It
offers 1,958 free parking spots and is also accessible by foot and public transport.
1
The shopping center has a total area of 29,783 sqm with an occupancy of 99,5%, including many unique brands
in the region. It has a catchment area over 311,110 inhabitants, and offers a wide selection of fashion, leisure and
restaurants in 79 units distributed over two floors.
First Floor
The fashion brands cover approximately 54% of the GLA , with top brands like Primark, Zara, Mango, H&M,
Lefties and Sprinter, amongst others, followed by Yelmo cinema and the supermarket Mercadona with more than
2
3,000 sqm each. It also has an F&B court with popular brands like Mc Donalds, Foster’s Hollywood or Pomodoro.
Puerta Europa has achieved the BREEAM quality certification which is a good testament to the shopping centre’s
3 evolution towards sustainability.
4
5
1 2 3 4 5
Ground Floor 6 7
8
9
10
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 31/07/2019
0-30 min
Acquisition Price €56.8M 311,110 inhab 53.5% Fashion & Accesories
11.4% Leisure
Gross Asset Value €71.7M
10.8% Groceries
0-20 min
Average Base Monthly Rent 15.79 €/m²/month 249,502 inhab 6.8% Food & Beverage
San Roque
4.9% Sports
Occupancy Rate 99.45% La Línea
3.5% Health & Beauty
ALGECIRAS
WALE (Expiry) 10.12 years 2.8% Culture & Gifts
Gibraltar
0-10 min 2.8% Services
National & International Tenant Component 94% 125,554 inhab 2.6% Others (Vacants included)
0.8% Household Goods
* Data from units owned by Castellana Properties at March 2022.
20Retail Parks
7 Granaita 8 Parque Oeste 9 Parque Principado 10 Marismas del Polvorín 11 La Heredad
Location Pulianas (Granada) Location Alcorcón (Madrid) Location Siero (Asturias) Location Huelva Location Mérida (Badajoz)
Total GLA 83,490 sqm Total GLA 32,698 sqm Total GLA 16,090 sqm Total GLA 18,220 sqm Total GLA 13,447 sqm
Units 73 Units 18 Units 5 Units 10 Units 11
Parking spaces 3,316 Parking spaces 723 Parking spaces 403 Parking spaces 623 Parking spaces 400
Catchment area 628,002 inhab. Catchment area 5,856,325 inhab. Catchment area 866,511 inhab. Catchment area 318,213 inhab. Catchment area 218,912 inhab.
12 La Serena 13 Pinatar Park 14 Mejostilla 15 Motril Retail Park 16 Ciudad del Transporte
Villanueva de la Serena San Pedro del Pinatar Location Cáceres Location Motril (Granada) Location C. de la Plana (Castellón)
Location Location
(Badajoz) (Murcia)
Total GLA 7,281 sqm Total GLA 9,165 sqm Total GLA 19,300 sqm
Total GLA 12,405 sqm Total GLA 16,426 sqm
Units 7 Units 12 Units 12
Units 10 Units 15
Parking spaces 225 Parking spaces 285 Parking spaces 734
Parking spaces 614 Parking spaces 453
Catchment area 133,871 inhab. Catchment area 158,659 inhab. Catchment area 523,927 inhab.
Catchment area 114,848 inhab. Catchment area 711,475 inhab.
21Retail Parks Portfolio
KEY FACTS* COMMERCIAL MIX BY GLA*
GLA ACQUISITION PRICE**
157,923 SQM €261.9M
AVERAGE BASE
GROSS ASSET VALUE MONTHLY RENT
€303.6M 10.07 €/M²/MONTH
OCCUPANCY RATE WALE (EXPIRY)
99.23% 15.60 YEARS 19.2% Household Goods
14.1% Groceries
12.3% Sports
NET OPERATING COST RATIO 11.1% DIY
NET OPERATING COST RATIO (WITHOUT DISCOUNTS) 10.4% Electronics
8.8% Fashion & Accesories
7.16% 6.96% 7.1% Pets
6.7% Food & Beverage
3.9% Leisure
2.4% Others (Vacants included)
NATIONAL & INTERNATIONAL
TENANT COMPONENT 2.2% Services
1.7% Culture & Gifts
90.76% 0.1% Health & Beauty
(*) Data from units owned by Castellana Properties at March 2022.
(**) Transaction costs not included.
227 RETAIL PARK RIE ND
TF
PE
Granaita
LY
LY
PE
TF
RIE N D
LOCATION
Pulianas (Granada)
TOTAL GLA
83,490 SQM
OWNED BY CASTELLANA PROPERTIES
66%
UNITS
73
PARKING SPACES
3,316
CATCHMENT AREA
628,002 inhab.
23GRANAITA ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
Granaíta is located in Pulianas, a suburban town that surrounds the northern part of the city of Granada.
This location is considered strategic because it has easy access from the highways A44 y A92 that
1
connects Madrid and Seville respectively, as well as the N432 road connecting with Cordoba and Badajoz.
3
2
The retail park is located in a larger retail hub of more than 80,000 sqm GLA forming the largest of
the region. Granaíta Retail Park, with a total area of 83,490 sqm of which 54,807 sqm are owned by
4
Castellana Properties, is the result of the integration of Kinepolis Park and the Alameda Shopping Center.
After an investment of 5,5M euros, it was reopened in March 2019 with a renovated image, under a
unique brand and a modern and innovative design.
Granaita has become the new hub to respond the demand of entertainment, fashion and leisure for
youth and families of Granada and its metropolitan areas, and Castellana Properties plans to invest further
6
5 in the union of both commercial areas with more sport and green areas. Due to its great location and
accessibility the influence area includes cities of the western side of Granada and the near province of Jaen.
7 The main tenants are renowned brands like Mercadona, Burger King, Kinepolis, Decathlon, Sprinter and Pepco.
The retail park has also the BREEAM certificate which grants the rating of Excellence in Building Management.
8
1 2 3 4 5
9
10
6 7 8 9 10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 05/12/2017
0-30 min
21.9% Household Goods
Acquisition Price €96.1M 628,002 inhab 21.2% Sports
11.2% Fashion & Accesories
Gross Asset Value €107.2M Alcalá la Real
9.6% Food & Beverage
Average Base Monthly Rent 10.86 €/m²/month Iznalloz
7.9% Electronics
0-20 min 0-10 min 6.8% Others (Vacants included)
Occupancy Rate 97.79% 553,038 inhab 277,318 inhab 6.3% Leisure
WALE (Expiry) 13.13 years Pinos Puente 6.0% Groceries
GRANADA
4.0% Pets
National & International Tenant Component 90% 3.2% Culture & Gifts
1.6% Services
Alhama de
Granada 0.3% Health & Beauty
* Data from units owned by Castellana Properties at March 2022.
248 RETAIL PARK
Parque
Oeste
LOCATION
Alcorcón (Madrid)
TOTAL GLA
32,698 SQM
OWNED BY CASTELLANA PROPERTIES
42%
UNITS
18
PARKING SPACES
723
CATCHMENT AREA
5,856,325 inhab.
25PARQUE OESTE ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
This retail park is one of the main commercial areas in Madrid. With 18 units, Castellana Properties owns
13,604 sqm of 32,698 sqm total area. Well known brands such as Media Markt, Aldi and Espaço Casa are
part of the offer.
1
Parque Oeste is embraced in a larger retail hub of more than 125,000 sqm GLA developed in two phases
2
in 1994 and 1996. At only 10 minutes from the retail park there is a big population close to 750,000
3 inhabitants, and it reaches more than 5,000,000 citizens in the whole catchment area.
4
The retail hub is one of the biggest in the country and is distributed along two main streets where each
5
7 tenant has its own parking area. Other brands available in the hub include Decathlon, Ikea, Leroy Merlin
and Alcampo, among others. Furthermore, there are independent restaurants that complete the offer.
1 2 3 4
6
5 6 7
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017 La Estación
Tres Cantos
Acquisition Price €43.0M San Sebastián
de los Reyes
Las Rozas
de Madrid Alcobendas
Gross Asset Value €52.0M Majadahonda
40.4% Electronics
Madrid Coslada
22.4% Pets
Average Base Monthly Rent 17.45 €/m²/month 0-10 min San Fernando
ALCORCÓN de Henares
10.1% Household Goods
733,511 inhab
Occupancy Rate 100.00% Leganés
Getafe
9.9% Groceries
MÓSTOLES
Fuenlabrada Arganda 9.4% Fashion & Accesories
WALE (Expiry) 20.91 years
0-20 min Parla Pinto 5.2% Food & Beverage
3,340,940 inhab
National & International Tenant Component 100% Valdemoro 2.6% Services
0-30 min Aranjuez
5,856,325 inhab
* Data from units owned by Castellana Properties at March 2022.
269 RETAIL PARK
Parque
Principado
LOCATION
Siero (Asturias)
TOTAL GLA
16,090 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
5
PARKING SPACES
403
CATCHMENT AREA
866,511 inhab.
27PARQUE PRINCIPADO ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The retail park is located in the town of Siero in Asturias next to the shopping center Parque Principado,
the largest shopping center of the region, with a large influence area due to its location. It constitutes a
1 perfect complementary offer to the large shopping centre.
Situated at 10 minutes from Oviedo, the park has an influence area of 860K citizens. It was inaugurated
in 2003 and has a GLA of 16,090 sqm owned entirely by Castellana Properties, it has 5 units and 403
outdoor parking spots.
Currently, the tenants are Bricomart, Conforama, Jysk, Burger King, and Kiwoko.
2
1 2 3 4 5
5
4
3
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017
Acquisition Price €30.0M
Avilés
Gross Asset Value €37.2M Gijón
Average Base Monthly Rent 10.43 €/m²/month 0-20 min 49.3% Household Goods
0-10 min
502,691 inhab 42.9% DIY
131,531 inhab
Occupancy Rate 100.00%
OVIEDO 4.8% Pets
WALE (Expiry) 10.50 years 3.0% Food & Beverage
Langreo
National & International Tenant Component 100% Mieres
0-30 min
866,511 inhab
* Data from units owned by Castellana Properties at March 2022.
2810 RETAIL PARK
Marismas
del Polvorín
LOCATION
Huelva
TOTAL GLA
18,220 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
10
PARKING SPACES
623
CATCHMENT AREA
318,213 inhab.
29MARISMAS DEL POLVORÍN ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The park is located in Huelva and has an influence area of more than 318,000 citizens. It was inaugurated
in 2008, and it has a total area of 18,220 sqm in two floors.
The retail park has 10 units and more than 620 outdoor parking spots to the visitor’s convenience. Some
of the main tenants are Media Markt, Espaço Casa, C&A, Mercadona, among others.
1
1 2 3 4 5
2
3 6
4
5 7
6 7 8 9 10
8
9
10
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017
0-30 min
Acquisition Price €25.0M 318,213 inhab
23.9% Groceries
Gross Asset Value €28.1M
0-20 min
21.9% Electronics
Average Base Monthly Rent 8.17 €/m²/month 242,811 inhab 15.1% Leisure
Gibraleón
13.4% Fashion & Accesories
Occupancy Rate 100.00% Bollullos Par
Cartaya del Condado
9.9% Sports
WALE (Expiry) 19.66 years Lepe HUELVA Monguer 8.2% Pets
Almonte
6.9% Household Goods
National & International Tenant Component 100% 0-10 min
0.8% Services
144,990 inhab
* Data from units owned by Castellana Properties at March 2022.
3011 RETAIL PARK
La Heredad
LOCATION
Mérida (Badajoz)
TOTAL GLA
13,447 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
11
PARKING SPACES
400
CATCHMENT AREA
218,912 inhab.
31LA HEREDAD ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
This retail park has a great location in Merida (Badajoz), and an influence area of 218,000 citizens. The
park was opened in October 2011, and it has a total area of 13,447 sqm and 11 units owned entirely by
Castellana Properties.
It offers 400 outdoor parking spots. The main tenants are Mercadona, Leroy Merlin, Espaço Casa, Sprinter,
Kiwoko, and Burger King, among others.
4
1 2 3 4 5
1
2
3
5
6
7 9
8 6 7 8 9
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017 0-30 min
218,912 inhab
Acquisition Price €17.5M
Gross Asset Value €21.1M 35.4% Groceries
29.2% DIY
Average Base Monthly Rent 8.36 €/m²/month
Montijo MÉRIDA 11.9% Household Goods
Occupancy Rate 100.00% Calamonte 11.2% Sports
0-10 min 4.9% Food & Beverage
WALE (Expiry) 18.64 years 69,789 inhab
0-20 min
4.3% Pets
National & International Tenant Component 92% 122,963 inhab 3.1% Electronics
Almendrejo
Villafranca
de los Sarros
* Data from units owned by Castellana Properties at March 2022.
3212 RETAIL PARK
La Serena
LOCATION
Villanueva de la Serena
(Badajoz)
TOTAL GLA
12,405 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
10
PARKING SPACES
614
CATCHMENT AREA
114,848 inhab.
33LA SERENA ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The retail park is located in the most dynamic shopping area in Villanueva de la Serena and Don Benito, in
the province of Badajoz. It was opened in April 2009, went through an extension in 2010 and is the main
offer of retail in the county.
The park has now 10 units and a total area of 12,405 sqm, entirely owned by Castellana Properties. It has
614 outdoor parking spots and some of the main tenants are Leroy Merlin, Mercadona, Dealz, Sprinter,
2 Burger King and Pomodoro.
1
7
1 2 3 4 5
6 8
9
10
6 7 8 9 10
3
4
5
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017
0-30 min
Acquisition Price €14.0M 114,848 inhab
30.8% Groceries
Gross Asset Value €16.6M 0-20 min
84,599 inhab 28.3% DIY
Average Base Monthly Rent 7.53 €/m²/month 0-10 min 12.1% Sports
58,691 inhab
8.6% Food & Beverage
Occupancy Rate 100.00%
Medellin VILLANUEVA 6.7% Electronics
DE LA SERENA
WALE (Expiry) 17.92 years Don
Benito
6.2% Household Goods
4.0% Pets
National & International Tenant Component 93% Campanario 3.2% Culture & Gifts
La Guarda
* Data from units owned by Castellana Properties at March 2022.
3413 RETAIL PARK
Pinatar Park
LOCATION
San Pedro del Pinatar
(Murcia)
TOTAL GLA
16,426 SQM
OWNED BY CASTELLANA PROPERTIES
81%
UNITS
15
PARKING SPACES
453
CATCHMENT AREA
711,475 inhab.
35PINATAR PARK ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The retail park opened in December 2016 and is located in San Pedro del Pinatar, a coastal holidays
destination town 35 km south of Murcia. The park is situated on the road N-332 next to the shopping
centre Dos Mares, connecting with Murcia city.
The park has a total area of 16,426 sqm, from which 13,261 sqm are owned by Castellana Properties.
1
Amongst the 12 tenants are Leroy Merlin, Jysk, Kiwoko, and Burger King.
4
5
6
2
3
7
1 2 3 4 5
8
9
6 7 8 9
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 05/12/2017
Acquisition Price €14.3M Orihuela 0-20 min
190,885 inhab
27.2% Household Goods
Gross Asset Value €16.3M Murcia
Torrevieja
23.7% DIY
El Palmar
Average Base Monthly Rent 7.19 €/m²/month 18.4% Groceries
Pilar de la
Horadada 9.8% Food & Beverage
Occupancy Rate 100.00%
SAN PEDRO 9.0% Services
DEL PINATAR
WALE (Expiry) 18.84 years 4.6% Pets
Los Alcázares 3.9% Culture & Gifts
National & International Tenant Component 64% 3.4% Fashion & Accesories
0-30 min 0-10 min
711,475 inhab 97,164 inhab
Cartagena
* Data from units owned by Castellana Properties at March 2022.
3614 RETAIL PARK
Mejostilla
LOCATION
Cáceres
TOTAL GLA
7,281 SQM
OWNED BY CASTELLANA PROPERTIES
100%
UNITS
7
PARKING SPACES
225
CATCHMENT AREA
133,871 inhab.
37MEJOSTILLA ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The retail park is situated in Caceres and has a catchment area of 133,871 citizens. It was opened in 2007
with a total area of 7,281 sqm entirely owned by Castellana Properties.
The park has 7 units and 225 outdoor parking spots. Some of the main tenants are Sprinter, Merkal,
Burger King, and Aldi.
3
1 1 2 3 4
2
5 6 7
7
6
4
5
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017
Cañaveral
Acquisition Price €8.0M
0-20 min
106,686 inhab
Gross Asset Value €8.6M Hinojal 20.6% Sports
18.3% Electronics
Average Base Monthly Rent 7.02 €/m²/month Monroy
15.1% Groceries
0-10 min
Occupancy Rate 100.00% 59,340 inhab 14.8% Food & Beverage
Arroyo de CÁCERES 12.7% Services
WALE (Expiry) 12.79 years la Luz Huertas de la
Magdalena
Aliseda 11.6% Household Goods
National & International Tenant Component 70% 6.8% Fashion & Accesories
0-30 min
133,871 inhab
* Data from units owned by Castellana Properties at March 2022.
3815 RETAIL PARK
Motril
Retail Park
LOCATION
Motril (Granada)
TOTAL GLA
9,165 SQM
OWNED BY CASTELLANA PROPERTIES
61%
UNITS
12
PARKING SPACES
285
CATCHMENT AREA
158,659 inhab.
39MOTRIL RETAIL PARK ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The retail park is located in Motril, a very touristic city. It was inaugurated in 2011. It has 12 units and a
total area of 9,165 sqm from which 5,559 sqm (5 units) are owned by Castellana Properties.
The park has an influence area of 160,000 citizens, and 285 parking spots of which 60% are outdoor, and
40% underground.
Amongst the main tenants there are Dealz, Kiwoko, Sprinter and Kiabi.
1 2 3 4 5
1
2
3
4
5
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017 Granada
La Zubia
Acquisition Price €7.5M
Gross Asset Value €9.0M Padul
0-30 min
158,659 inhab
Dúrcal 27.0% Sports
Average Base Monthly Rent 9.29 €/m²/month
22.5% Fashion & Accesories
Occupancy Rate 100.00% Órgiva 21.1% Groceries
16.3% Household Goods
WALE (Expiry) 14.70 years 0-20 min
108,706 inhab 13.2% Pets
National & International Tenant Component 100% Albuñol
Salobreña MOTRIL
Almuñecar 0-10 min
68,852 inhab
* Data from units owned by Castellana Properties at March 2022.
4016 RETAIL PARK
Ciudad del
Transporte
LOCATION
Castellón de la Plana
TOTAL GLA
19,300 SQM
OWNED BY CASTELLANA PROPERTIES
17%
UNITS
12
PARKING SPACES
734
CATCHMENT AREA
523,927 inhab.
41CIUDAD DEL TRANSPORTE ASSETS PORTFOLIO
ASSET FLOOR MAP DESCRIPTION
The park, located in Castellón, was inaugurated in 1998 and since then it has been extended several times
during 2001 and 2006.
The retail park has a total area of 19,300 sqm of which Castellana Properties owns 2 units with a GLA of
3,250 sqm: Tiendanimal and Kiabi. Other retailers in the same park are Conforama, Media Markt, Foster’s
1
Hollywood, Mc Donald’s and Feuvert.
2
1 2
FINANCIAL DATA* CATCHMENT AREA COMMERCIAL MIX BY GLA*
Acquisition Date 29/06/2017
Acquisition Price €6.5M
0-20 min 0-10 min
Gross Asset Value €7.4M 157,354 inhab 228,545 inhab
Average Base Monthly Rent 11.85 €/m²/month CASTELLÓN
Onda DE LA PLANA 57.2% Fashion & Accesories
Occupancy Rate 100.00% Villareal Almazora
42.8% Pets
Burriana
WALE (Expiry) 10.74 years
La Vall d´Uixó
National & International Tenant Component 100%
0-30 min
523,927 inhab
Sagunto
* Data from units owned by Castellana Properties at March 2022.
42Rubén Darío, 3 28010 Madrid (+34) 91 426 86 86 castellanaproperties.es
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