Castellana Properties Socimi S A : Asset Book Sepember 2020

Asset Book

SEPTEMBER 2020

The Competitive Edge of Castellana Properties

SPECIALISTS

IN RETAIL

• Specialists in the Spanish retail sector, with 16 retail properties valued at c.€1bn
• Management team formed by expert professionals, boasting an average of over 20 years experience
• Supported by its anchor shareholder which also brings a tried and tested track record in retail

BUILDING ROBUST

COMMITTED TO

HIGH QUALITY

ACTIVE

AT THE

AND HEALTHY

DELIVERING THE

CUTTING-EDGE OF

PORTFOLIO

MANAGEMENT

GROWTH

HIGHEST STANDARDS

THE NEW TRENDS

• Driving up returns via

• Committed

• Market experts,

• A unique and effective

• Actively spearheading

healthy, sustainable

to generating

carefully handpicking

management style

new trends at its

and robust growth

maximum ROI for its

the properties that

with an in-house team

shopping centres

shareholders

are in line with the

actively managing its

• Among the fastest

company strategy

entire portfolio

• Omnichannel

growing Socimis in

• Boasting strong

retailing

recent years, now one

corporate governance

• Dominant assets in

• Investing in its

of the leading funds in

with a highly

catchment areas of

properties to add long

• F&B and leisure

the market

experienced Board of

c. 150,000 people or

term value

experiences

Directors

more

• Selective capex &

• Highly dynamic and

• Active technology

development policy to

• Integrity and

• Highly diversified

efficient team, able to

management

ensure income growth

transparency as core

portfolio in terms

quickly adapt when

values

of property type,

it comes to decision-

• Creating our

regions, categories

making

own innovation

and tenants, offering

programme, iCAST,

a low level of portfolio

• Strong operational

to adapt shopping

risk

focus, committed to

centres to emerging

integrating assets with

consumer needs

local communities,

anticipating

customers' needs and

supporting tenants

INCOME

FOCUS

• Incentivised to achieve FFO growth
• Stable Net Operating Income (NOI) with upside potential
• Competitive dividend yield as a focal point
• Distribution of more than 80% of FFO

2

Castellana Properties Assets

9

14

1 11 12

10 18

3

2

6

4

17

8

16

5

13

7

15

RETAIL PARKS

		7	Granaita
		8	Parque Oeste
		9	Parque Principado
		10	Marismas del Polvorín
		11	La Heredad
		12	La Serena
		13	Pinatar Park
SHOPPING CENTRES	14	Mejostilla
	El Faro		Motril Retail Park
1	15
2	Bahía Sur	16	Ciudad del Transporte

3 Los Arcos

4	Vallsur	OFFICES
5	Habaneras	17	Ed. Alcobendas
6	Puerta Europa	18	Ed. Bollullos

3

Total Portfolio

KEY FACTS*

			AVERAGE BASE
GLA	ACQUISITION PRICE**	GROSS ASSET VALUE	MONTHLY RENT
373,478 SQM	€921.5M	€993.8M	14.34€

			NATIONAL & INTERNATIONAL
OCCUPANCY RATE	WALE (EXPIRY)	NET OPERATING COST RATIO	TENANT COMPONENT
98.50%	13.71 YEARS	9.24%	93.85%

PORTFOLIO SPLIT BY GAV*	PORTFOLIO SPLIT BY GLA*

67% Shopping Centres

30% Retail Parks

3% Offices

53% Shopping Centres

42% Retail Parks

5% Offices

1. Data from units owned by Castellana Properties at September 2020.
   (**) Transaction costs not included.

4

Retail Portfolio

KEY FACTS*

GLA	ACQUISITION PRICE**
356,374 SQM	€899.0M
	AVERAGE BASE
GROSS ASSET VALUE	MONTHLY RENT
€961.2M	14.57€
OCCUPANCY RATE	WALE (EXPIRY)
98.42%	13.86 YEARS
	NATIONAL & INTERNATIONAL
NET OPERATING COST RATIO	TENANT COMPONENT
9.89%	92.67%

1. Data from units owned by Castellana Properties at September 2020. (**) Transaction costs not included.

COMMERCIAL MIX BY GLA*

27.6%	Fashion & Accesories
12.9%	Food
9.0%	Sports
8.3%	Household Goods
7.9%	DIY
7.6%	Food & Beverage
7.2%	Electronics
5.4%	Leisure
3.6%	Pets
3.4%	Culture & Gifts
2.8%	Services
2.7%	Health & Beauty
1.6%	Others

5

Retail Tenant Exposure

TENANT PROFILE BY CONTRACTUAL RENT	TOP 10 TENANTS BY RENT

5.3%

	4.4%
Top 10 tenants	3.8%
29%
of retail base rent	2.9%
	2.8%
	2.4%

			2.0%
94%	Large national and international tenants

29% Top 10 tenants

6% Local tenants

2.0%

			1.9%
Well diversified and low risk Retail portfolio with more
than 600 tenants, 94% of them National & International.		1.8%

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	56,666 sqm	Total GLA	35,634 sqm
Units	106		Units	86	Units	78
Parking spaces	2,840		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 (Cadiz)
Total GLA	35,770 sqm		Total GLA	24,166 sqm	Total GLA	29,742 sqm
Units	80		Units	61	Units	72
Parking spaces	1,870		Parking spaces	802	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

198,890 SQM

GROSS ASSET VALUE

€668.2M

AVERAGE BASE

MONTHLY RENT

19.24€

WALE (EXPIRY)

11.67 YEARS

NATIONAL & INTERNATIONAL

TENANT COMPONENT

96.28%

ACQUISITION PRICE**

€637.1M

ANNUAL FOOTFALL***

34.60M

OCCUPANCY RATE

97.38%

NET OPERATING COST RATIO

11.67%

44.4%	Fashion & Accesories
12.4%	Food
8.3%	Food & Beverage
7.0%	Leisure
5.3%	Sports
5.1%	Health & Beauty
5.0%	Culture & Gifts
3.3%	Electronics
3.0%	Services
2.4%	DIY
1.8%	Others
1.6%	Household Goods
0.5%	Pets

(*) Data from units owned by Castellana Properties at September 2020.

1. El Faro's Fair Value includes three adjacent land plots worth €3.28m. Los Arcos' Fair Value includes a purchase option to buy an adjacent land plot worth €2m.
   (***) 2019 visits to the SCs.

8

1 SHOPPING CENTRE

El Faro

LOCATION

Badajoz

TOTAL GLA

66,422 SQM

OWNED BY CASTELLANA PROPERTIES

66%

UNITS

106

ANNUAL FOOTFALL

6.9M

PARKING SPACES

2,840

CATCHMENT AREA

517,491 inhab.

9

ASSET MAP

7

1

6	5
8
4	8

3

9

2

10

EL FARO ASSETS PORTFOLIO

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 43,593 sqm are owned by Castellana Properties. With 2,840 free parking spaces and more than 100 stores, the shopping center is the commercial reference in the Extremadura Region, with a catchment area of c. 520K inhabitants.

Among its 106 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 that, together with its wide range of restaurants, have made El Faro a commercial icon in the west of Spain and Portugal (Alentejo).

The shopping center is improving the leisure experience with a Premium Cinema, managed by one of the worldwide leaders within the cinema exhibition sector: Yelmo Cines, as well as a wide range of tasteful international restaurants in a new area. The ongoing redevelopment will transform the center preserving the very best of what El Faro has to offer.

El Faro is deeply involved with the community, through different agreements with local authorities. Likewise, the Spanish Association for Standardization and Certification (SGS) has granted El Faro with the Universal Accessibility Certification (UNE 170001-2:2007) for being a commercial centre globally accessible and without architectural barriers.

1

2

3

4

5

6

7

8

9

10

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	31/07/2018
Acquisition Price	€152.7M
Gross Asset Value	€159.0M
Average Base Monthly Rent	19.24 €/m²/month
Occupancy Rate	97.46%
WALE (Expiry)	9.70 years
National & International Tenant Component	97%

* Data from units owned by Castellana Properties at September 2020.

	0-30 min		50.5%
	517,491 inhab
		10.7%
		Alburquerque	9.2%
		La Roca de
		7.9%
0-20 min	la Sierra
	6.0%
184,153 inhab
	Portugal		5.4%
Estremoz	Elvas	BADAJOZ	3.4%
	2.9%
	0-10 min
		2.1%
99,840 inhab
	Olivenza	La Albuera	1.4%
			0.5%

Fashion & Accesories

Food & Beverage

Electronics

Leisure

Health & Beauty

Household Goods

Culture & Gifts

Sports

Services

Pets

Food

10

2 SHOPPING CENTRE

Bahía Sur

LOCATION

San Fernando (Cádiz)

TOTAL GLA

56,666 SQM

OWNED BY CASTELLANA PROPERTIES

64%

UNITS

86

ANNUAL FOOTFALL

6.5M

PARKING SPACES

2,818

CATCHMENT AREA

674,250 inhab.

11

ASSET MAP

1

4 2

9

8

5

BAHÍA SUR ASSETS PORTFOLIO

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. Fashion, beauty, sports, home or hypermarket are present in over 86 stores and 56,666 sqm (of which 36,432 sqm are owned by Castellana Properties) with national and international brands like Zara, that opened recently a new flagship store. In the upcoming weeks new fashion brands will arrive, 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 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 bicycles through its Natural Park, enjoy the views with free binoculars or take part in different entertainment activities all year long. For it, Bahía Sur has developed a program of 100 measures which guarantee and promote the protection of the environment and

7

sustainable development. Also, the Shopping centre has the BREEAM Spain certificate, which grants the rating of Excellence in Building Management and has the ISO 14001 quality certification for waste, recycling and reuse.

6

10

3

FINANCIAL DATA*

Acquisition Date	31/07/2018
Acquisition Price	€132.4M
Gross Asset Value	€137.9M
Average Base Monthly Rent	24.89 €/m²/month
Occupancy Rate	98.54%
WALE (Expiry)	10.07 years
National & International Tenant Component	96%

* Data from units owned by Castellana Properties at September 2020.

CATCHMENT AREA

Jerez de la

Frontera

El Puerto de

Santa María

Cádiz Puerto Real

0-20 min

342,105 inhab

SAN FERNANDO

Chiclana de la

Frontera

0-10 min

192,152 inhab

Conil de la

Frontera

0-30 min

674,250 inhab

COMMERCIAL MIX BY GLA*

47.2%	Fashion & Accesories
12.8%	Leisure
12.5%	Food & Beverage
8.8%	Sports
5.5%	Culture & Gifts
5.2%	Health & Beauty
4.1%	Others
3.0%	Services
0.7%	Household Goods
0.2%	Food

12

3 SHOPPING CENTRE

Los Arcos

LOCATION

Sevilla

TOTAL GLA

35,634 SQM

OWNED BY CASTELLANA PROPERTIES

83%

UNITS

78

ANNUAL FOOTFALL

6.3M

PARKING SPACES

1,800

CATCHMENT AREA

1,499,884 inhab.

13

LOS ARCOS ASSETS PORTFOLIO

ASSET MAP	DESCRIPTION

5

First Floor

8

10

7

3

Los Arcos, located in one of the most important areas of Seville, has a total area of 35,634 sqm, of which 29,696 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 largest and widest commercial mix in the region with key brands such as Zara, Kiabi, C&A, City Cinema Union, Toys R Us, Deichmann, Primor, Bershka, Mcdonald's or Foster's Hollywood, among others. It also has a free 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 in 2019, the Shopping Centre is improving the commercial mix on the ground floor with international and national brands like Mercadona, and the upcoming Media Markt store, as key anchors.

	4
1	As part of Castellana Properties, business growth and environmental sustainability are interrelated in Los Arcos

		and they constitute a strategic thrust. Therefore, the shopping centre is committed to sustainable initiatives like
	2	supporting the local economy and promoting clean energy sources, like the solar panels installed for self-supply
	electricity, amongst others.
9

Ground Floor

1

2

3

4

5

6

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
			38.5%
Gross Asset Value	€137.2M	0-10 min
552,803 inhab	San José de		16.0%
			la Rinconada	Carmona	13.3%
Average Base Monthly Rent	26.51 €/m²/month	Camas
		Mairena del	SEVILLE		11.1%
Occupancy Rate	93.49%		7.3%
Aljarafe	Alcalá de Guadaira
WALE (Expiry)	14.16 years	Coria del Río		5.9%
	Dos Hermanas	3.8%
				0-20 min
National & International Tenant Component	98%	Los Palacios Utrera	2.4%
1,133,576 inhab
		y Villafranca		1.8%

Fashion & Accesories

Food

Culture & Gifts

Electronics

Food & Beverage

Health & Beauty

Services

Sports

Others

* Data from units owned by Castellana Properties at September 2020.

14

4 SHOPPING CENTRE

Vallsur

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.

15

ASSET MAP

10

9

Second Floor	2

3 7

6

First Floor

5

Ground Floor					1
8
			4

FINANCIAL DATA*

VALLSUR ASSETS PORTFOLIO

DESCRIPTION

Vallsur shopping centre was opened in 1998 and is situated in a residential area that has been continuosly developed since then. Its unbeatable location makes Vallsur the place chosen by thousands of citizens to shopping throughout the year.

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 received the Best Shopping Center Renovation Award given by the Spanish Association of Shopping Centers (AECC).

The shopping center has 80 units that create a compelling offer of fashion, shoes, accessories and restaurants, with brands like Inditex, H&M, Forum Sport, Foster´s Hollywood, Xiaomi or KFC among others. In 2018, Yelmo Cines opened in the shopping centre the second Premium cinemas in Spain with 8 top-quality screens.

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.

1

2

3

4

5

6

7

8

9

10

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	31/07/2018
Acquisition Price	€88.9M
Gross Asset Value	€90.7M
Average Base Monthly Rent	14.66 €/m²/month
Occupancy Rate	97.07%
WALE (Expiry)	16.34 years
National & International Tenant Component	97%

* Data from units owned by Castellana Properties at September 2020.

		41.8%
0-20 min		29.8%
424,259 inhab	0-10 min	7.2%
	280,146 inhab	5.8%
Zaratán	VALLADOLID
4.3%
	La Cistérniga
Arroyo de	4.0%
Tudela de
la encomienda
Tordesillas Simancas	Duero	3.3%
		2.2%
		0.9%
0-30 min		0.6%
	0.1%
477,746 inhab

Food

Fashion & Accesories

Leisure

Food & Beverage

Sports

Services

Health & Beauty

Culture & Gifts

Pets

Household Goods

Others

16

5 SHOPPING CENTRE

Habaneras

LOCATION

Torrevieja (Alicante)

TOTAL GLA

24,166 SQM

OWNED BY CASTELLANA PROPERTIES

100%

UNITS

61

ANNUAL FOOTFALL

4.2M

PARKING SPACES

802

CATCHMENT AREA

531,670 inhab.

17

ASSET MAP

9

Second Floor

10

6

7

First Floor

5

4

8

Ground Floor

2

1

3

HABANERAS ASSETS PORTFOLIO

DESCRIPTION

The shopping centre is located in the city of Torrevieja in the Alicante province, halfway between Alicante and Murcia. Its catchment area comprises 530K citizens in a 30-minute drive radius with an added transient population of 178K.

This modern shopping centre was built in 2005 with a total area of 24,166 sqm. It has around 61 stores 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 and enjoy the pleasant temperatures of south eastern Spain. The shopping centre sits within a retail park alongside complementary attractions such as a Carrefour and a Mercadona superstore and an eight-screen IMF cinema.The parking area has 802 free parking spots, 700 underground and 102 at ground level with direct access from the street. Fashion retailers, including market leaders like the Inditex Group, Sfera, C&A and H&M, are particularly well represented and are the main draws for customers, along with big-name stores like Aki Bricolaje (4,000 sqm), Forum Sport (2,000 sqm), Zara (1,895 sqm) and H&M (1,407 sqm), among others.

Habaneras is also fully committed with the sustainability of its facilities. 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. For this purpose, the Shopping centre has reached the BREEAM quality certification.

1

2

3

4

5

6

7

8

9

10

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	09/05/2018
Acquisition Price	€80.6M
Gross Asset Value	€84.8M
Average Base Monthly Rent	18.69 €/m²/month
Occupancy Rate	98.27%
WALE (Expiry)	7.89 years
National & International Tenant Component	96%

* Data from units owned by Castellana Properties at September 2020.

	Crevillent	Elche
	0-20 min		47.3%
		17.4%
	236,898 inhab
	Orihuela		9.7%
		7.1%
			6.2%
Murcia	TORREVIEJA		4.4%
	3.8%
	0-10 min
	2.5%
	97,777 inhab
0-30 min		1.2%
	0.3%
531,670 inhab
	Los Alcazares

Fashion & Accesories

DIY

Sports

Health & Beauty

Culture & Gifts

Food & Beverage

Others

Services

Household Goods

Food

18

6 SHOPPING CENTRE

Puerta

Europa

LOCATION

Algeciras (Cadiz)

TOTAL GLA

29,742 SQM

OWNED BY CASTELLANA PROPERTIES

100%

UNITS

72

ANNUAL FOOTFALL

4.8M

PARKING SPACES

1,958

CATCHMENT AREA

311,110 inhab.

19

PUERTA EUROPA ASSETS PORTFOLIO

ASSET MAP	DESCRIPTION

1

2

First Floor

Puerta Europa, located in Algeciras (Cadiz), is the most important shopping centre of 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 is also accesible by foot and public transport. The shopping center counts with 1,958 free parking spots.

The shopping center has a total area of 29,742 sqm with an occupancy of 99%, counting with important openings that has permitted to land 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 more than 70 units, distributed in two floors.

5

The fashion brands cover approximately 55% 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 3,000 sqm each. It also has a food corner with important brands as Mc Donalds, Foster's Hollywood or Pomodoro.

3

1

2

3

4

5

4

6

Ground Floor

7

10

9

6

7

8

9

10

8

FINANCIAL DATA*	CATCHMENT AREA	COMMERCIAL MIX BY GLA*

Acquisition Date	31/07/2019
Acquisition Price	€56.8M
Gross Asset Value	€64.7M
Average Base Monthly Rent	14.44 €/m²/month
Occupancy Rate	98.95%

0-20 min

249,502 inhab

0-30 min

311,110 inhab

San Roque

La Línea

54.6%	Fashion & Accesories
11.6%	Leisure
11.0%	Food
6.8%	Food & Beverage
4.5%	Sports
3.6%	Health & Beauty

WALE (Expiry)	11.18 years
National & International Tenant Component	94%

* Data from units owned by Castellana Properties at September 2020.

ALGECIRAS

Gibraltar

0-10 min

125,554 inhab

2.8%	Services
2.7%	Culture & Gifts
1.9%	Others
0.5%	Household Goods

20

Retail 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

16,246 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

Location

Villanueva de la Serena

Location

San Pedro del Pinatar

Location

Cáceres

Location

Motril (Granada)

Location

C. de la Plana (Castellón)

(Badajoz)

(Murcia)

Total GLA

7,281 sqm

Total GLA

9,165 sqm

Total GLA

19,300 sqm

Total GLA

12,405 sqm

Total GLA

13,261 sqm

Units

7

Units

12

Units

12

Units

10

Units

12

Parking spaces

225

Parking spaces

285

Parking spaces

734

Parking spaces

614

Parking spaces

367

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.

21

Retail Parks Portfolio

KEY FACTS*

GLA	ACQUISITION PRICE**
157,844 SQM	€261.9M
	AVERAGE BASE
GROSS ASSET VALUE	MONTHLY RENT
€293.0M	9.44€
OCCUPANCY RATE	WALE (EXPIRY)
99.59%	16.33 YEARS
	NATIONAL & INTERNATIONAL
NET OPERATING COST RATIO	TENANT COMPONENT
6.75%	90.52%

1. Data from units owned by Castellana Properties at September 2020. (**) Transaction costs not included.

COMMERCIAL MIX BY GLA*

15.6%	Household Goods
13.9%	DIY
13.3%	Food
13.2%	Sports
11.4%	Electronics
9.4%	Fashion & Accesories
7.1%	Pets
6.7%	Food & Beverage
3.6%	Leisure
2.7%	Services
1.6%	Culture & Gifts
1.4%	Others
0.1%	Health & Beauty

22

7 RETAIL PARK

Granaita

LOCATION

Pulianas (Granada)

TOTAL GLA

83,490 SQM

OWNED BY CASTELLANA PROPERTIES

65%

UNITS

73

PARKING SPACES

3,316

CATCHMENT AREA

628,002 inhab.

23

ASSET MAP

6

3

7

1

8

10

2	9

4

5

GRANAITA ASSETS PORTFOLIO

DESCRIPTION

The retail park is located in Pulianas, a suburbian 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 connects Madrid and Seville respectively, as well as the N432 road connecting with Cordoba and Badajoz.

The retail park is embraced 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 54,571 sqm are owned by Castellana Properties, is the result of the integration of Kinepolis Park and the Alameda Shopping Center. After an investment of 5,5 million euros, it was reopened in March 2019 with a renovated image, under a unique brand and a modern and innovative design. Castellana Properties plans to invest further in the union of both commercial areas with more green and sport areas.

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. Moreover, due to its great location and accessibility the influence area includes cities of the western side of Granada and the near province of Jaen. Some of the main tenants are renowned brands like Mercadona, Carrefour, Burger King, Kinepolis, Decathlon, Sprinter, Aki, Kiwoko o Muerde La Pasta among others.

1

2

3

4

5

6

7

8

9

10

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	05/12/2017
Acquisition Price	€96.1M
Gross Asset Value	€109.1M
Average Base Monthly Rent	10.09 €/m²/month
Occupancy Rate	98.81%
WALE (Expiry)	12.95 years
National & International Tenant Component	89%

* Data from units owned by Castellana Properties at September 2020.

		21.6%
	0-30 min	14.2%
	628,002 inhab	11.6%
Alcalá la Real		11.1%
		8.1%
	Iznalloz	7.7%
0-20 min	0-10 min
6.1%
553,038 inhab	277,318 inhab
5.5%
Pinos Puente
	4.2%
	GRANADA	3.8%
		2.9%
Alhama de		2.9%
Granada		0.3%

Sports

Household Goods

Fashion & Accesories

Food & Beverage

Electronics

DIY

Food

Leisure

Others

Pets

Culture & Gifts

Services

Health & Beauty

24

8 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.

25

ASSET MAP

3

4

5

6

7

8

9

10

FINANCIAL DATA*

PARQUE OESTE ASSETS PORTFOLIO

DESCRIPTION

The 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, Kiwoko and Espaço Casa are part of the offer.

The retail park is embraced in a larger retail hub of more than 125,000 sqm GLA developed in two phases in 1994 and 1996. At only 10 minutes from the retail park there is a big population close to 750,000 inhabitants, and it reaches more than 5,000,000 citizens in the whole catchment area.

The retail hub is one of the biggest in the country and is distributed along two main streets where each

1tenant has its own parking area. Other brands available in the hub include Kiabi, Decathlon, Ikea, Leroy Merlin and Alcampo, among others. Furthermore, there are independent restaurants that complete the offer.

2

1

2

3

4

5

6

7

8

9

10

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	29/06/2017
Acquisition Price	€43.0M
Gross Asset Value	€49.5M
Average Base Monthly Rent	16.40 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	19.47 years
National & International Tenant Component	100%

* Data from units owned by Castellana Properties at September 2020.

La Estación	Tres Cantos
			San Sebastián
Las Rozas	de los Reyes
Alcobendas
de Madrid
Majadahonda			Madrid	Coslada	51.9%
0-10 min	ALCORCÓN	San Fernando	22.4%
733,511 inhab		Leganés	de Henares	14.6%
MÓSTOLES		Getafe	Arganda	8.6%
Fuenlabrada
0-20 min	Parla		Pinto		2.6%
3,340,940 inhab			Valdemoro

0-30 min	Aranjuez
5,856,325 inhab

Electronics

Pets

Fashion & Accesories

Household Goods

Services

26

9 RETAIL PARK

Parque Principado

LOCATION

Siero (Asturias)

TOTAL GLA

16,246 SQM

OWNED BY CASTELLANA PROPERTIES

100%

UNITS

5

PARKING SPACES

403

CATCHMENT AREA

866,511 inhab.

27

									PARQUE PRINCIPADO ASSETS PORTFOLIO
ASSET 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
2		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 16,246 sqm owned entirely by Castellana Properties, it has 5 units and 403
			outdoor parking spots..
			Currently, the tenants are Bricomart, Conforama, Intersport, Burger King, and Kiwoko.
3
		1			2	3	4	5
		5
		4
		1

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	29/06/2017
Acquisition Price	€30.0M
Gross Asset Value	€33.5M
Average Base Monthly Rent	9.64 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	11.52 years
National & International Tenant Component	100%

* Data from units owned by Castellana Properties at September 2020.

Avilés
	Gijón
	0-20 min	43.4%
0-10 min	41.2%
502,691 inhab
131,531 inhab	7.7%
	OVIEDO	4.7%
	Langreo	3.0%
	Mieres
	0-30 min
	866,511 inhab

DIY

Household Goods

Sports

Pets

Food & Beverage

28

10 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.

29

MARISMAS DEL POLVORÍN ASSETS PORTFOLIO

ASSET MAP	DESCRIPTION

1

3

9

10

5

6 7

4

8

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

2

3

4

5

6

7

8

9

10

2

FINANCIAL DATA*	CATCHMENT AREA	COMMERCIAL MIX BY GLA*

Acquisition Date	29/06/2017
Acquisition Price	€25.0M
Gross Asset Value	€27.0M
Average Base Monthly Rent	7.77 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	21.01 years
National & International Tenant Component	100%

		0-30 min
		318,213 inhab
		0-20 min
		242,811 inhab
		Gibraleón
Cartaya	Bollullos Par
del Condado
Lepe	HUELVA	Monguer
Almonte

0-10 min

144,990 inhab

23.9%	Food
21.9%	Electronics
15.1%	Leisure
13.4%	Fashion & Accesories
9.9%	Sports
8.2%	Pets
6.9%	Household Goods
0.8%	Services

* Data from units owned by Castellana Properties at September 2020.

30

11 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.

31

ASSET MAP

8

1

3

4

5

6

7

FINANCIAL DATA*

Acquisition Date	29/06/2017
Acquisition Price	€17.5M
Gross Asset Value	€19.3M
Average Base Monthly Rent	7.86 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	20.01 years
National & International Tenant Component	92%

* Data from units owned by Castellana Properties at September 2020.

LA HEREDAD ASSETS PORTFOLIO

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, Dealz, Leroy Merlin, Espaço Casa, Sprinter, Kiwoko, and Burger King, among others.

1

2

3

4

2

5

6

7

8

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

	0-30 min
	218,912 inhab
		35.4%	Food
		29.2%	DIY
Montijo	MÉRIDA	11.9%	Household Goods
11.2%	Sports
Calamonte
	0-10 min	4.9%	Food & Beverage
	69,789 inhab	4.3%	Pets
0-20 min
	3.1%	Electronics
122,963 inhab	Almendrejo
	Villafranca
	de los Sarros

32

12 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.

33

							LA SERENA ASSETS PORTFOLIO
ASSET 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,
5		Burger King and Pomodoro.
1
		9
		1		2	3	4	5
10	8
		6
		7
		6		7	8	9	10
2

3

4

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	16/06/2017
Acquisition Price	€14.0M
Gross Asset Value	€15.5M
Average Base Monthly Rent	7.20 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	19.30 years
National & International Tenant Component	93%

* Data from units owned by Castellana Properties at September 2020.

		0-30 min
		114,848 inhab
0-20 min			30.8%
		28.3%
84,599 inhab
	0-10 min	12.1%
		58,691 inhab	8.6%
Medellin		VILLANUEVA	6.7%
	DE LA SERENA	6.2%
	Don
	Benito		4.0%
		Campanario	3.2%
		La Guarda

Food

DIY

Sports

Food & Beverage

Electronics

Household Goods

Pets

Culture & Gifts

34

13 RETAIL PARK

Pinatar Park

LOCATION

San Pedro del Pinatar (Murcia)

TOTAL GLA

13,261 SQM

OWNED BY CASTELLANA PROPERTIES

100%

UNITS

12

PARKING SPACES

367

CATCHMENT AREA

711,475 inhab.

35

PINATAR PARK ASSETS PORTFOLIO

ASSET MAP	DESCRIPTION

6

5

3 4

2

7

8

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 13,261 sqm and 12 tenants, including Leroy Merlin, Kiwoko and Burger King. The park has been extended in 2019 adding 2,624 sqm and 3 new tenants.

Additionally, the park has two more areas of 2,374 sqm.

1	1	2	3	4	5
	9
	6	7	8		9

FINANCIAL DATA*

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	05/12/2017
Acquisition Price	€14.3M
Gross Asset Value	€15.2M
Average Base Monthly Rent	6.74 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	22.49 years
National & International Tenant Component	64%

* Data from units owned by Castellana Properties at September 2020.

		Orihuela	0-20 min
			190,885 inhab	27.2%
Murcia			Torrevieja	23.7%
El Palmar
		18.4%
		Pilar de la
			9.8%
		Horadada
			SAN PEDRO	9.0%
			DEL PINATAR	4.6%
	Los Alcázares		3.9%
0-30 min		0-10 min	3.4%
	97,164 inhab
711,475 inhab
		Cartagena

Household Goods

DIY

Food

Food & Beverage

Services

Pets

Culture & Gifts

Fashion & Accesories

36

14 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.

37

ASSET MAP

1

6

5

4

FINANCIAL DATA*

MEJOSTILLA ASSETS PORTFOLIO

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.

2

1

2

3

4

5

6

3

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	29/06/2017
Acquisition Price	€8.0M
Gross Asset Value	€8.5M
Average Base Monthly Rent	6.73 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	13.94 years
National & International Tenant Component	70%

* Data from units owned by Castellana Properties at September 2020.

	Cañaveral
		0-20 min
	Hinojal	106,686 inhab	20.6%
	Monroy	18.3%
		0-10 min	15.1%
		14.8%
		59,340 inhab
		12.7%
Arroyo de	CÁCERES	Huertas de la
la Luz
	Magdalena	11.6%
Aliseda
			6.8%

0-30 min

133,871 inhab

Sports

Electronics

Food

Food & Beverage

Services

Household Goods

Fashion & Accesories

38

15 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.

39

ASSET MAP

1

6

3

4

7

2

FINANCIAL DATA*

MOTRIL RETAIL PARK ASSETS PORTFOLIO

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 Espaço Casa, Dealz, Kiwoko and Kiabi.

1

2

3

4

5

5

6

7

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

Acquisition Date	29/06/2017
Acquisition Price	€7.5M
Gross Asset Value	€8.5M
Average Base Monthly Rent	8.78 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	15.85 years
National & International Tenant Component	100%

* Data from units owned by Castellana Properties at September 2020.

Granada
La Zubia
Padul	0-30 min
158,659 inhab	27.0%
Dúrcal
		22.5%
	Órgiva	21.1%
0-20 min		16.3%
	13.2%
108,706 inhab
	Albuñol
Salobreña	MOTRIL
Almuñecar	0-10 min
	68,852 inhab

Sports

Fashion & Accesories

Food

Household Goods

Pets

40

16 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.

41

ASSET MAP

1

2

3

4

7

8

FINANCIAL DATA*

Acquisition Date	29/06/2017
Acquisition Price	€6.5M
Gross Asset Value	€7.0M
Average Base Monthly Rent	11.18 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	12.24 years
National & International Tenant Component	100%

* Data from units owned by Castellana Properties at September 2020.

CIUDAD DEL TRANSPORTE ASSETS PORTFOLIO

DESCRIPTION

The park, located in Castellón, was inaugurated in 1998 and since then it has been extended several times during 2001 and 2006.

5

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 Hollywood, Mc Donald's and Feuvert.

6	1	2	3	4

5

6

7

8

CATCHMENT AREA		COMMERCIAL MIX BY GLA*

0-20 min	0-10 min
157,354 inhab	228,545 inhab
	CASTELLÓN
Onda	DE LA PLANA	57.2%	Fashion & Accesories
Villareal	Almazora	42.8%	Pets

Burriana

La Vall d´Uixó

0-30 min

523,927 inhab

Sagunto

42

17 OFFICES

Edificio Alcobendas

LOCATION

Madrid

TOTAL GLA

16,055 SQM

OWNED BY CASTELLANA PROPERTIES

69%

UNITS

1

PARKING SPACES

113

DESCRIPTION

The office building is located in Alcobendas, Madrid. It has a GLA of 16,055 sqm, of which 11,046 sqm are owned by Castellana Properties. The building has 113 parking spots, distributed at ground level and underground. It also complies with the ISO 14001:2015 standard, for an effective environmental management system.

						ti
					iza on	f
				n
			a			o
			g					r
			r						S
			O							t
									a
		l							n
	n	a								r
o										d
									a
i										d
t										i
a										z
n										a
r
e										t
t										i
n									o
I									n
						14001

FINANCIAL DATA

Acquisition Date	30/05/2016
Acquisition Price	€17.0M
Gross Asset Value	€20.7M
Average Base Monthly Rent	11.21 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	10.67 years

43

18 OFFICES

Edificio

Bollullos

LOCATION

Sevilla

TOTAL GLA

10,870 SQM

OWNERSHIP %

52%

UNITS

1

PARKING SPACES

174

DESCRIPTION

Edificio Bollullos was built in 2007 with a total area of 10,870 sqm, and a total gross area for rent of 5,698 sqm. The building has two floors, and an outdoor parking with 174 spots.

FINANCIAL DATA

Acquisition Date	30/05/2016
Acquisition Price	€5.5M
Gross Asset Value	€5.8M
Average Base Monthly Rent	7.31 €/m²/month
Occupancy Rate	100%
WALE (Expiry)	10.67 years

Rubén Darío, 3

28010 Madrid

([phone]

castellanaproperties.es