- With these acquisitions, the gross value of the company's portfolio exceeds €1.6 billion, nearly 60% more than the previous year.
- The Spanish portfolio reached a record figure of 46.5 million visits in 2024, an increase of 3.8% compared to the same period in 2023. The assets in Portugal recorded a 3% rise in footfall.
- In terms of sales, Spanish assets saw a 4.3% increase in 2024 compared to the previous year, while in Portugal they grew by 6.7%, with all categories in both countries showing growth.
- The company signed 228 leases across Spain and Portugal, valued at €13.6 million, representing 48,077m² of GLA. These included 102 renewals and 126 new contracts.
Castellana Properties, a listed company and a leading player in the retail real estate sector, has concluded a financial year in which the gross value of its portfolio has grown by nearly 60%, surpassing €1.6 billion across 20 assets. Over the course of this financial year, it acquired five new assets worth more than €580 million: Riosul and LoureShopping in the Lisbon region, 8ª Avenida in Porto, Bonaire in Valencia, and 50% of the Alegro Sintra company, through a joint venture with Ceetrus.
Furthermore, the company ended the financial year having reached a historic high of 46.5 million visits across its Spanish portfolio in 2024, representing a 3.8% year-on-year increase. This growth was especially notable at El Faro (Badajoz), Bahía Sur (Cádiz), and Puerta Europa (Cádiz) shopping centres, which all set new footfall records-exceeding eight million visits at the first two and five million at the third.
In Portugal, Castellana Properties' assets also performed strongly, with a 3% increase in footfall during 2024 compared to 2023. All assets posted positive results, with LoureShopping standing out thanks to a 5.5% rise, achieving more than six million visits in 2024-its highest ever.
Castellana Properties continues to consolidate its position in the market with solid indicators. In January 2025, the company reached an occupancy rate of 98.2% in Spain. Additionally, as of 28 February 2025, its collection rate stood at 99.7%. In Portugal, its assets also show robust performance, with a 97.9% occupancy rate and a collection rate of 93.6%.
In line with this strong performance, the company signed a total of 158 leases in Spain, valued at €10.9 million and covering 39,573 m² of GLA. Of these, 55 were renewals and 103 new leases. In Portugal, 70 leases were signed, comprising 47 renewals and 23 new contracts, worth €2.7 million and covering a total of 8,504 m² of GLA.
Additionally, between April 2024 and January 2025, sales in Spain increased by 4.3% compared to the same period the previous year. This growth was particularly notable in categories such as homeware (+7.5%), health & beauty (+7.3%), food & beverage (+6.0%), and fashion (+3.3%), with solid performance also seen in leisure & entertainment and food retail. Portugal likewise recorded growth across all categories, particularly in fashion (+5.0%), with strong performances in food & beverage and homeware.
Alfonso Brunet, CEO of Castellana Properties, stated: "This year has undoubtedly been pivotal for Castellana Properties. We've grown by nearly 60% across Iberia, expanded into new markets, and continued to break records in the operational performance of our portfolio-clear evidence of the talent within our company and our active asset management approach. Thanks to our team's efforts, we're making a real impact in the communities where we operate and continuing to grow in both Spain and Portugal, focusing on opportunities where we can create value."